CEO Randy Smallwood on Silver Wheaton Corp. (USA) (SLW)’s Preference for Silver Over Gold

And we’re confident that Rosemont is going to get their permit and go into construction here. [In 2010, Silver Wheaton secured a stream for 100% of life-of-mine silver and gold production from Augusta Resource Corp. (USA) (NYSEMKT:AZC)‘s Rosemont copper project in Arizona.] So just by virtue of all that, it’ll take our gold ratio back below 20% pretty rapidly because we’ve got so much going on on the silver side.

But it would surprise me if we ever went over 30% in gold. We still look at gold. And I’ve always said, our principal responsibility is to deliver profit and value back to our shareholders. The means by which we do that is up to us, and what we choose to do is focus on silver because we think that provides the best return on our efforts to grow the company and add value. The phrase I like to use is that we always look over the fence to see what the grass is like in the gold space. We still think the grass is greener on the silver side.

The article CEO Randy Smallwood on Silver Wheaton’s Preference for Silver Over Gold originally appeared on Fool.com and is written by Christopher Barker.

Fool contributor Christopher Barker owns shares of Silver Wheaton (USA). The Motley Fool has no position in any of the stocks mentioned.

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