While bullion investors focus more on weight and the purity of metal content, coin collectors are after those rare near-flawless gems. When it comes to investing in silver, I consider Silver Wheaton
Silver Wheaton set records in the third quarter like Michael Phelps, surpassing previous achievements for: net earnings, production volume, sales volume, and operating cash flow. It sold 70% more silver at 4.6 million silver equivalent ounces (SEOs), achieving a commensurate 70% boost to operating cash flow with $45.4 million. Repeating the previous quarter, Silver Wheaton's sales still lagged attributable mine production by 1 million SEOs as delivery delays pay it forward.
Net earnings rose 66% to $33.6 million, although the share dilution incurred to fund the transformational Barrick Gold
By that time, on the strength of Goldcorp's
The results are in
Nearly a year has passed since I issued my clarion call for Fools to examine Silver Wheaton just as panicked traders carved their historic trough into this multiyear bull market for gold and silver. Despite the share price appreciating by roughly 500% since that time, this Fool has continued to highlight Silver Wheaton as the shiniest catch in silver. Surprisingly, Fools voting in a recent Motley Fool poll expressed greater interest in Hecla Mining than Silver Wheaton (with 35% and 33% of votes, respectively). Coeur d'Alene Mines
Fool contributor Christopher Barker carries a silver coin that reads: "Honest value never fails." He can be found blogging actively and acting Foolishly in the CAPS community under the user name TMFSinchiruna. He tweets. He owns shares of Coeur d'Alene Mines, Hecla Mining, Pan American Silver, and Silver Wheaton. The Motley Fool's disclosure policy is 0.999 pure.