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<blockquote data-quote="Labienus" data-source="post: 1434358" data-attributes="member: 13688">Good picks, especially Wheaton. Wheaton is a streaming company. They do not do any mining and generate their revenue from making agreements with mining companies to purchase all or part of their gold/silver production at a predetermined price. The streaming/royalty business is very profitable, especially at these gold/silver price levels, and are much less risky than mining since their costs are much lower. Mining is expensive.I also like Fortuna Silver Mines. However, they are a bit risky right now since they have a lawsuit with the Mexican government over unpaid royalties. if they lose this lawsuit they will have to pay around US$30 Million. They produce both silver and gold, and their Lindero mine is now starting to produce large quantities of gold. It's definitely risky at this stage but the upside potential is enormous. First Majestic also has a tax lawsuit with the Mexican government.</blockquote>

[QUOTE="Labienus, post: 1434358, member: 13688"] Good picks, especially Wheaton. Wheaton is a streaming company. They do not do any mining and generate their revenue from making agreements with mining companies to purchase all or part of their gold/silver production at a predetermined price. The streaming/royalty business is very profitable, especially at these gold/silver price levels, and are much less risky than mining since their costs are much lower. Mining is expensive. I also like Fortuna Silver Mines. However, they are a bit risky right now since they have a lawsuit with the Mexican government over unpaid royalties. if they lose this lawsuit they will have to pay around US$30 Million. They produce both silver and gold, and their Lindero mine is now starting to produce large quantities of gold. It's definitely risky at this stage but the upside potential is enormous. First Majestic also has a tax lawsuit with the Mexican government. [/QUOTE]

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