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Wheaton Precious Metals Corp. (WPM)

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47,84-0,06 (-0,13%)
Al cierre: 4:00PM EDT

47,84 0,00 (0,00 %)
Después del cierre: 4:23PM EDT

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  • J
    Joe
    First Majestic Silver Corp.
    Silver being priced as a producer metal today, gold as a store of wealth...First Majestic sold 100% of its gold from 2 mines to #SAND & #WPM for $450 & $600 respectively. Meanwhile, CEO Keith Neumeyer makes shareholder paid YouTube videos to try and increase his In-the-money Options.
  • b
    better
    $AUY conversation
    Value of all gold mined worldwide over all of human history: $12 trillion
    Value of fiat currencies doled out by governments in 2020 as economic response to covid-19: $12 trillion ++

    $GOLD $AUY $NEM $GLD $WPM $RGLD
  • J
    Joe
    First Majestic Silver Corp.
    @Edward (specifically) again, Newbies don't understand the Royalty on San Dimas, as @Edward states I'm wrong because on page 10 of Q2 that the Royalty of 25% was just for the "gold". ....@Edward, please, please understand that it mentions "Gold Equivalent"......again, I'll repeat for newbies, as I was once one, Wheaton gets 25% of ALL silver production for free. First Majestic clouds this by talking about "GEO's".......simply go Google Wheaton precious metals San Dimas Royalty agreement with First Majestic. You can find links from #AG and Links from #WPM....read them both, Wheaton's explanation is much clearer, as they took it straight from the "agreement"....First Majestic took it and changed it to fit the silver view, which is agreeably confusing. KISS principle, keep it simple stupid....WPM press release, May 10, 2019, 3rd paragraph, 1st bulletpoint: 25% of gold production "PLUS" an "ADDITIONAL" amount of gold equal to 25% of silver production "CONVERTED" to gold at a fixed gold to silver exchange ratio of 70:1. (currently as of April 1, 2020 it's at 90:1). I'm not calling you out, just trying to educate pm investors. I've been with San Dimas since Gold Corp owned it, way before Wheaton River, now Wheaton precious metals tendered it to Primero, then First Majestic. San Dimas is a great great mine....but one has to understand the Royalties on it. hope that helps......if you still have doubts, just google the original agreement that was filed with SEC I guess. gl
  • J
    Joe
    First Majestic Silver Corp.
    Don't believe @Joe, just go to market#watch and pull up 10 year earnings history....$800 million in losses over past eight years. 8 mines in care & Maintenance. Only 3 mines left. Biggest mine (San Dimas) has unheard of Royalties of 25% on silver and ALL the gold goes to #WPM for $650/ounce. $209 million Mexican tax liability that is big monkey on their back. Vanguard funds dumping along with Canadian Pension fund, #SIL, #SILJ, just to name a few of many. Watch Keith Neumeyer predictions on silver over past 10 years....he started out as a stock promoter and now he's been promoting silver at up to $2000, while being wrong for 10 years. Do your due diligence. Read the annual report, read the footnotes especially....that's where they've been hiding this tax liability and also a former director who took them for something like $50 million....crazy but true. It's in the annual report.
  • J
    Joe
    First Majestic Silver Corp.
    Primero was a drag on #WPM and they made excellent deal with Keith Neumeyer to take on Mexican tax liability of San Dimas, which at the time was $185 million. Now the tax, including interest and penalties is $209 million. The ONLY reason Keith made this deal was because he knew 3 out of his remaining 5 producing mines were not productive and mined silver at horrendous losses. Keith Neumeyer was thrilled to save his company and his opulent compensation package and he agreed to sell Wheaton precious metals all the gold for $650/ounce and give Wheaton 25% Royalties on all the silver. That @rizzo would even bring up increasing reserves, while company (Jan 15, 2020) announced at least 10% cut in total production is beyond the realm of common sense. Remember, Keith Neumeyer is not a miner, he is a Stock Promoter......and he'll promote silver all day long on shareholders paid videos that will entice guilible retail into his own stock. It's a financial scam disguising as a miner. period.
  • J
    Joe
    First Majestic Silver Corp.
    I'd be buyer of #AUY, #NEM, #WPM, #RGLD, #RIO, #BHP way before this financial scam disguising as a miner.....but, I'd wait for the "No Deal on Stimulus" news before buying anything...prices going to get cheaper. #AUY reports Oct 22, btw....so Stimulus bad news may not help it out. Big unknown, but they'll have bang up quarter.
  • J
    Joe
    First Majestic Silver Corp.
    @Dirk...the gold to silver ratio just went out the window. 6 continuous months of gsr below 70:1 just got shot up. April 1, 2020 #WPM Royalty at San Dimas reset at 90:1. Looks like it will stay 90:1 for foreseeable 7 months, as it can reset on 6 month markers. higher gsr (90:1) bad for #AG, good for #WPM. Perhaps #AG CEO, Keith Neumeyer could hold an earnings conference call to address these things....or maybe make a YouTube video explaining this stuff to viewers....but he hasn't and he won't.
  • J
    Joe
    First Majestic Silver Corp.
    Now, the rest of the Story on First Majestic buy of San Dimas: This mine (San Dimas) was acquired by GG/Wheaton River decade ago. GoldCorp spun off wheat River (#WHT) that became #WPM, a Royalty Streaming company. Their first Royalty was San Dimas and it was very profitable.....They essentially foreclosed on San Dimas when Primero couldn't make profits on ALL its mining concerns. Wheaton was looking for a buyer and Keith Neumeyer, being in the Vancouver club of scammsters turned to Randy Smallwood (#WPM CEO) and begged for deal on San Dimas. #WPM extracted unheard of 25% Royalties on ALL the silver from this mine at ZERO cost, AND 25% of ALL the gold at $600/ounce. The "Streaming Agreement" called for all monies paid to landlord Wheaton to be paid in gold via London Bullion exchange. So First Majestic converts the metals to Gold Silver Equivalents to pay Wheaton Royalties. Wheaton made $50 million plus in 2019 just on San Dimas mine, meanwhile First Majestic as a whole LOST money in same year. San Dimas has been, and always will be a pure money maker for Wheaton precious metals.....for First Majestic, it was a lifeline to stop the hemorrhaging of silver production decline. This Landlord/Tenant deal benefited both Wheaton and Keith Neumeyer compensation package. In meantime First Majestic silver production still plummets with no mines in Exploration. Randy Smallwood essentially gave Keith his opulent lifestyle back to him, while reserves have been decimated. gl
  • J
    Joe
    First Majestic Silver Corp.
    First Majestic Keith Neumeyer (CEO) is only thing that makes this stock a dog. He's nothing but an overpaid contractor for Wheaton precious metals #WPM mining San Dimas for them. Wheaton made $52 million last year on First Majestic mine. Too funny. Another 2 years Wheaton gets 100% of their investment back, 9% of First Majestic shares and 9 more years of mine-life.....all gravy.
  • J
    Joe
    First Majestic Silver Corp.
    I've called poster @rizzo out on his Royalty lies numerous times. Newbies: simply go to #WPM website, click on "streams", then click on "San Dimas".....then come back and tell me I'm wrong that Landlord #WPM doesn't have TWO income streams from First Majestic's biggest mine (San Dimas). Please, as a PM bull myself, I just ask Newbies to do their due diligence.....maybe even call #AG investor Relations and ask what was exact amount of money paid to Wheaton in 2019 for San Dimas Royalties....you WILL NOT GET A STRAIGHT ANSWER......simply call them.
  • J
    Joe
    First Majestic Silver Corp.
    I bought #AUY #WPM, #RGLD and #AG just on JPMorgan spoofing news. Few are holds, others are trades. Thx sentinel prime!!
  • J
    Joe
    Gold Resource Corporation
    #GORO pays out a dividend, sometimes with borrowed money, and .01 is nothing to write home about. If you want dividend, go to something like #WPM, whose minimum payout is 30%. CEO said on C.C. that is the minimum and depending on pm prices they'd like to get to 40 and 50%.....they have 40 years worth of resources. #AUY pays out more and they have over 30 years of resources and Agua Rica mine that hasn't even been touched. #RGLD, another dividend play with over 30 years resources. BOTH #WPM & RGLD did not swoon downward for years like #GORO did. Even #NEM is a buy on weakness now, but why buy penny miners whose CEO can't be bothered to take all questions in a C.C. ?....I listen to a lot of C.C.'s.....and this guy is only one that limits time period to half hour, with him talking for first 22 minutes. After 20 years observing miners, 30 years tradung I can smell trash. This is speculative at best...buy some quality and get a good night sleep....or trade 10,000 shares a day on pm/stimulus news cycle. gl....and please don't believe one word from #@Seeking#!alpha articles.....they are not your friend....they are front running their own positions.
  • J
    Joe
    First Majestic Silver Corp.
    Pumpers always post links to CEO (shareholder paid) youtube. etcetera videos. They never ever are bearish, they're always long, wanting you to believe investing is buy and hold. They never address tax liability of $209 million with any reasoning. They won't tell you 2020 production estimates were cut Jan 15, 2020 (TEN PERCENT) and that was pre-covid. They refuse to defend General and Administrative expenses that are THREE TIMES higher than industry average. This is where management hides their bloated compensation packages while losing $800 MILLION over past 8 years. They can't defend outrageous Royalties that give #WPM over $52 million from just 1 mine (San Dimas) in 2019....about $70 million in 2020 by my estimates. #AG is run for purpose to make management and Wheaton precious metals richer, not for investors. They won't tell you #AG has only 11 year mine lifes left with no new properties in pipeline and remember anything they plan on buy now they're paying top dollar for and will dilute shareholder big time. This Quarter will be good, but again, declining reserves and Landlord Wheaton taking more profit from the 1 mine than #AG will make from their remaining 3 mines (down from 11).
  • J
    Jim
    $AG conversation
    Tax dispute in Mexico has been an overhang, but is already priced into the stock and should not affect ongoing operations. Operations will be generating healthy cash flows at current prices, and have near-term growth opportunities for further upside. #WPM had a similar issue with taxes and was able to settle. I think #AG will settle with the help of Eric Sprott and his legal team. Good luck to all longs.
  • J
    Joe
    First Majestic Silver Corp.
    Tax Dispute in Mexico more than "overhang" ....First Majestic hasn't had earnings in 8 continuous years, Just diluted shareholders again and have another $100 million ATM waiting to dilute yet again. Wheaton settled their tax dispute before AMLO, and that was a totally different situation as #WPM is in a dozen countries, not just Royalties from Mexico. Still waiting for @Jim to post Royalties paid to Wheaton by First Majestic for Y 2019. He either is ignorant or refuses to embarrass himself by admitting how much profit goes to #WPM off just 1 mine.
  • J
    Joe
    First Majestic Silver Corp.
    All of a sudden the Streaming agreement questions of 25% Silver and 25% gold is flipped to the gold/silver ratio....99.9% of posters can't even break down what the 50:1, 70:1, 90:1 ratio even means in dollar terms to either First Majestic or Wheaton. For Newbies: Wheaton Silver, original ticker #WHT....started off with one mine...San Dimas....Keith did no favor in 2018 to (now) Wheaton precious metals, #WPM, as they were already a $10 billion plus company and San Dimas was just a property they more or less foreclosured on. Wheaton was now a Streamer...not a silver miner and Keith was a failing silver CEO without reserves. The San Dimas deal between the two did 2 things: Gave #WPM a even better deal than they had with earlier tenant Primero and gave Keith Neumeyer (First Majestic CEO) silver reserves that he very very very desperately needed. The "Streaming Agreement" was struck between the Landlord, the old Tenant (Primero) and new Tenant (First Majestic). Landlord made great deal....new desperate tenant didn't. Best to read history of Goldcorp's spinoff of Wheaton Silver (Miner), their then transformation to Wheaton Precious metals (Royalty Streaming company) and their outlandish one sided deal with First Majestic. NOBODY, BUT NOBODY pays 25% Net Smelter Rate (nsr) in this Industry at this level except Keith Neumeyer to Randy Smallwood, CEO of Wheaton Precious Metals.......follow history of Goldcorp to #Wheaton Silver to Wheaton Precious metals #WPM and you just might understand. I'm trying to help you on you with history and understanding of what/where/when/why First Majestic and Wheaton hooked up with San Dimas. Final word: Wheaton owned San Dimas before Primero, after Primero and still does to this day. First Majestic is just a tenant. If they decided to fold up shop tomorrow, the Landlord, Wheaton, would reaffirm their title to the mine. Just like a bank would to a property that was late on their mortgage. Please.....newbies, do some research before drinking First Majestic koolaid. gl
  • J
    Joe
    Gold Resource Corporation
    If someone pumping what a stock price was in 2011....let me interest you in a company called General Electric....A LOT changes in 10 years!!!.....pumpers don't tell you why a stock would fall from $30 to $3....they just throw stuff out there to see if gullible will bite. If anything $30 to $3 should have to be defended, not put out like a badge of honor. Go look at #WPM or #RGLD.....they're consistently going up, not 60 fold crashing.
  • J
    Joe
    First Majestic Silver Corp.
    This is about where Sprott flips the rest he didn't sell on Friday. Hopefully Wheaton precious metals #WPM is selling some of their 9% off here too.....they need to be under 5% holdings. Although I trust Randy Smallwood, Wheaton CEO to arbitrage profits from the position either way.
  • J
    Joe
    First Majestic Silver Corp.
    Absolutely ZERO comments on my 2020 First Majestic post and Total Cash Cost......these board pumpers are flummoxed when I use First Majestic's own information to show you #WPM Wheaton Precious Metals is making approximately $72 million in Royalties on just 1 First Majestic mine (San Dimas) and #SAND making over $50 million on #AG second biggest mine. Nothing....no rebuttals, nothing.....how can they fight what First Majestic itself wrote in black and white!!!?
  • M
    Mark
    $GLD conversation
    ****What will happen to Inflation someone asked ?****
    **Hyper Inflation** will occur as too much Money chases too few goods. It has NOT Happened for the past 12 years since the financial crisis because the FED had directed all the money into the stock and bond and indirectly real estate markets inflating those assets primarily for the top 5% wage earners causing massive income inequality while the lower class inflated their DEBT. Now the Fed and treasury is directing money to the middle and lower classes due to the pandemic to make sure that spending does not collapse. They are NOT doing so to HELP the Lower or Middle Class ! This is ONLY being done so that the Lower and middle class can continue to PAY the BANKS (which the FED LOVES) for LOANS, MORTGAGES, and CREDIT CARD debt as well as protecting the Super Inflated Stock markets by providing money for iPhones, Nike Sneakers Mcdonalds etc ! The economic principles are clear that EVERYONE can't be RICH but the fed and treasury has been printing money and expanding Credit and Debt for many years and now this money is QUICKY coming down to the common man and this is going to cause the prices of everything to SKYROCKET very soon. The fed knows this is going to cause massive inflation and would normally force them to raise interest rates and to tighten credit (which would crash markets), This is why LAST WEEK the FED even says it will allow INFLATION to run much higher for many years !) This is being done so that the massive debtor companies, individuals and governments can make their minimum payments without high interest costs which would normally bankrupt them.
    Make no mistake, inflation is already here in food and soon will be seen in products you buy made in China and US etc... This is because the flood of new money, Trillions of it in the hands of the common man who will spend it DILUTES the dollars and makes them worth less... It's coming thats why Gold is rising steadily now. GOLD does not "make" money per se over time but it MAINTAINS Wealth as currencies DEPRECIATE. Gold is now at RECORD LEVELS in EVERY CURRENCY Including the US DOLLAR earlier this month and will continue to make new records here too... I bet 99% of the people who read this do not own ANY gold outside of Jewelry and rightly so until now because the stock market was rising faster than gold for 12 year. But that is almost of not already over now imo..
    Even with all this printing, corporate revenues and earnings are going to decline big (for most companies) after stimulus is cut off and make the stock market ridiculously expensive.
    Regarding gold, the people in VENEZUELA, ARGENTINA, GREECE, ZIMBABWE etc all of these preserved their wealth with gold as their countries mismanaged and debased their currencies (as the FED and Treasury is doing in the US dollar today) and this is why GOLD Is going to MAINTAIN your wealth and those that stay in dollars will lose over time. And as I said, the fact no one is in Gold hardly at all is how bull markets are made, I posted a comment on the Berkshire board about Gold and got 90% thumbs down proving my point that few are invested in Gold and it will surely rise much more than many believe because it's FINITE in quantity and when everyone wants in to protect their wealth, it will rise even more.. Gold is the ONLY REAL MONEY produced by the sweat of men and has NO COUNTER PARTY RISK because its VALUE IS SELF CONTAINED. THE FED has tried to STOP COUNTER PARTY RISK by BUYING the other side of the trade on stocks, bonds etc but soon they will not politically be able to do so (and they can't buy everything without bankrupting the country.) Its funny how most people think the US is CAPITALISM as the FED BUYS ALL failed debt and props markets and as people see what is going on, they will force this WEALTH TRANSFER from the PEOPLE WHO WORK and MAKE THINGS to the RICH (who do nothing but watch their financial assets inflate) to STOP and that is when the markets will CRASH and GOLD WILL EXPLODE. Buy Gold EAGLES or in trading accounts PHYS who has audited gold, stored at the ROYAL CANADIAN MINT in CANADA and will deliver it to you if you have enough shares. Or for additional Leverage, Gold and Silver miners (GDX Gold Miners Large ETF) or (GDXJ Gold Miners Junior ETF).
    DO NOT BUY BANK OWNED GLD WHO is NOT AUDITED and Servers to TEMPER demand for GOLD by taking in money and possibly not buying the physical GOLD IMO and will eventually cause losses for Investors imo...
    GLTA !!!!
    We are going to need it soon as the FED totally destroys this country to enrich and protect Wall st banks and the wealthy using Taxpayer dollars ! I will make another post soon to further explain my point about Gold vs Cash. read this, understand it and learn from it to protect your wealth from the Fed and treasury actions !

    "Gold turns higher for the week as investors parse Fed’s historic policy shift"

    $SLV $HL $NEM $GOLD $AEM $CDE $SIL $GDX $WPM $KL $BRK-A $AMD $GDXJ