Research Report
Streetwise Reports (4/20/21) A CIBC World Markets initiation report states that MAG Silver Corp. offers attractive silver exposure as its metal composition consists of ~56% from silver, which is one of the highest in our coverage universe.
In an April 13 research note, CIBC World Markets Inc. research analyst Cosmos Chiu stated that the firm has initiated coverage of MAG Silver Corp. (MAG:TSX; MAG:NYSE A), an emerging Canada-based silver producer that owns a 44% interest in the high-grade Juanicipio mine located in Mexico s Fresnillo district. The analyst noted that MAG Silver s partner and operator at Juanicipio, Fresnillo Plc., is the world s largest primary silver producer.
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Buying silver paid off handsomely last year, when investors turned to the precious metal as a haven while the global economy floundered. Now, the bet on silver rests on its importance to solar power.
That could make it a better bet.
Silver more than doubled in price between March and August, 2020, rising to an eight-year high of more than US$29 an ounce.
Research Report
Streetwise Reports (4/1/21) A CIBC report discusses Wheaton Precious Metal s acquisition of a gold stream at Santo Domingo.
In a March 25 research note, CIBC analyst Cosmos Chiu reported that Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE) agreed to purchase from Capstone Mining a gold stream on future production from its Santo Domingo copper-iron-gold project in Chile for $290 million. This is a good transaction for Wheaton Precious Metals, furthering the relationship with a known partner in Capstone Mining at an asset that is projected to be first quartile in terms of production costs, Chiu wrote.
He explained that with the stream, Wheaton Precious Metals will get 100% of the payable gold production from Santo Domingo up to 285,000 ounces (285 Koz). After that, the company s percentage drops to and remains at 67% for the remainder of the mine s life. Wheaton Precious will make ongoing payments equal to 18% of the spot gold price until the value