You are here
Canada's Wheaton Precious Metals plans London listing
By Henry Sanderson and Neil Hume
Financial Times, London
Sunday, September 20, 2020
Canada’s Wheaton Precious Metals, one of the largest companies involved in buying gold and silver, is planning to list on the London Stock Exchange as it looks to tap pent-up demand for precious metals from investors.
The Vancouver-based group, which has a market capitalisation of about $23 billion, is listed in Toronto and New York, where its shares have risen more than 70 percent this year.
... Dispatch continues below ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --
https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
Wheaton specialises in royalty and streaming transactions -- acquiring long-term rights to buy metal from mines in return for an upfront payment -- which have become big business in recent years.
"There is a bit of a void on the mining side in London and we think the streaming business model is a much better way of investing in precious metals," Randy Smallwood, chief executive of Wheaton, told the Financial Times. ...
Wheaton at present pays out 30 percent of its cash flow in dividends, but this could rise to between 40 and 50 percent with higher commodity prices, according to Mr. Smallwood, who was recently named chairman of the World Gold Council. ...
... For the remainder of the report:
https://www.ft.com/content/163332f4-056c-435e-b119-93168d55ea96
* * *
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 14-17, 2020
https://hopin.to/events/2020-new-orleans-investment-conference
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
