Q: Hello Peter
I have WPM , FNV and AEM for gold and precious metals
WPM and FNV are both partial positions
I was told that WPM is like a royalty company and less risks
besides gold, does WPM generates income from silver and copper (the 2 that I like besides gold)
would you add to WPM or FNV or both (equal portion); awaits a pullback
AEM, I hold a full position already, thanks
all that glitters indeed is gold
which have done well last year
(glad that 5i recommends AEM which I hold for a long time, now bearing fruit)
thumbs up
Thanks
Michael
I have WPM , FNV and AEM for gold and precious metals
WPM and FNV are both partial positions
I was told that WPM is like a royalty company and less risks
besides gold, does WPM generates income from silver and copper (the 2 that I like besides gold)
would you add to WPM or FNV or both (equal portion); awaits a pullback
AEM, I hold a full position already, thanks
all that glitters indeed is gold
which have done well last year
(glad that 5i recommends AEM which I hold for a long time, now bearing fruit)
thumbs up
Thanks
Michael
5i Research Answer:
WPM is a royalty company. As such, it does not take on operational, environmental, labour and other risks that operating companies have. This, however, makes shares more expensive, also. About 39% of WPM's record third-quarter revenue comes from silver streams, making it a significant portion of its production mix and a key driver of performance during silver price surges. Recent deals, like the C$4.3 billion agreement with BHP for 33.75% of silver from the Antamina mine in Peru. WPM has limited direct copper exposure compared to silver or gold. If several sector names are owned already, WPM may not be "necessary" but we do like it and would be fine owning it.