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Bloomberg reported that although silver prices are at “rock-bottom,” some companies — like streamer Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) — see opportunities.
Bloomberg reported that although silver prices are at “rock-bottom,” some companies — like streamer Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) — see opportunities.
As quoted in the market news:
As metal prices fall, Silver Wheaton sees plenty of opportunity. Mining companies, who are struggling to raise money as their share prices fall and banks are wary of lending, have sought out less conventional sources of capital, such as the so- called streaming transactions pioneered by Silver Wheaton.
‘It’s a very sweet spot,’ [Gary Brown, chief financial officer at Silver Wheaton,] said. ‘It’s very conducive right now for us to layer in more transactions.’ The current environment ‘makes us one of the only forms of capital that’s available to the entire space,’ he said.