This Is The Best Time To Invest In Projects – Wheaton CEO
Current low prices in the metals and mining companies present an attractive opportunity for major miners to invest in new development projects, said Randy Smallwood, president and CEO of Wheaton Precious Metals.
“This is the best time for us to be buying and investing, that’s why we’ve been so active. When you see prices down, that is the best time to invest. You don’t want to buy high,” Smallwood told Kitco News on the sidelines of the Denver Gold Forum.
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MARKET SUMMARY
INDICES
| Name | Last | Change |
|---|---|---|
| DOW | 26031.80 | 0.70% |
| S&P 500 | 2792.67 | 0.64% |
| NASDAQ | 7527.55 | 0.90% |
| TSX | 16013.01 | 0.08% |
| TSX-V | 623.27 | 0.00% |
Resource Commodities
| Name | Last | Change |
|---|---|---|
| Gold | 1327.60 | 0.31% |
| Silver | 15.92 | 0.69% |
| Copper | 2.96 | 0.060 |
| Platinum | 843.03 | 0.000 |
| Oil | 57.26 | 0.52% |
| Natural Gas | 2.72 | 0.74% |
| Uranium | 28.70 | 0.00% |
| Zinc | 1.22 | 0.00% |