Silver Wheaton's Golden Investment Turns to Lead

By Doug Ehrman – Jul 16, 2013 at 1:00PM

NYSE: WPM

Wheaton Precious Metals

Market Cap

$24B

Today's Change

(0.15%) $0.08

Current Price

$52.56

Price as of April 24, 2024, 4:00 p.m. ET

Further delays at Pascua-Lama are a negative for one of the silver streamer's first forays into gold.

While Silver Wheaton (WPM 0.15%) remains one of the best-run companies in the silver sector, the company recently diversified by buying a series of gold streams. One of these gold streams was to come from Barrick Gold's (GOLD -1.02%) Pascua-Lama mine that was recently delayed by roughly a year and a half due to cash concerns. While news for precious metals has been somewhat improved lately, particularly from the Federal Reserve, this is not great news for Silver Wheaton.

In the video below, Fool.com contributor Doug Ehrman discusses the developments at Pascua-Lama and their ramifications for Silver Wheaton.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.