The Conversation (0)
Forbes reported that Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) and Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND), both streaming companies, believe that now is the time to pick up streaming deals at a discount.
Forbes reported that Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) and Sandstorm Gold Ltd. (TSX:SSL,NYSEMKT:SAND), both streaming companies, believe that now is the time to pick up streaming deals at a discount.
As quoted in the market news:
‘This is a time that’s good for us; there’s a lot of opportunity on the streaming side out there,’ Randy Smallwood, president and chief executive officer of Silver Wheaton told Kitco News at the Denver Gold Forum. ‘In this market, with equities as punished as they have been over the last while, companies are hesitant to issue equity, to finance their own growth going forward. We compete against equities as a source of financing.’
Nolan Watson, president, chief executive officer and chairman of Sandstorm, said they managed to benefit from a similar situation.
‘We’re actually a company that was born out of the tough times; we launched the company at the beginning of 2009, during the financial crisis, and the best deals we still have in our company today are the ones we acquired in 2009,’ Watson told Kitco News. ‘This is the perfect environment to try and find deals.’