Better Mining Stock: First Majestic vs. Wheaton Precious Metals
The Motley Fool
by newsfeedback@fool.com (Courtney Carlsen)February 14, 2026
AI-Generated Deep Dive Summary
The article compares two mining companies, First Majestic Silver (NYSE: AG) and Wheaton Precious Metals (NYSE: WPM), offering investors ways to capitalize on rising silver prices. Both companies provide exposure to the precious metal, but their business models differ significantly. First Majestic focuses on production growth, while Wheaton emphasizes streaming and royalties, allowing it to operate with less financial risk. Investors should consider these differences when deciding which stock aligns better with their investment goals.
The surge in silver prices over the past year, driven by geopolitical tensions and industrial demand, has created a favorable environment for mining companies. Over five years, silver demand has consistently outpaced supply, with this trend expected to continue until 2026. This shortage underscores the potential profitability of silver miners like First Majestic and Wheaton Precious Metals.
First Majestic Silver is known for its aggressive production expansion strategy, aiming to increase output to meet growing demand. The company’s focus on mine development and exploration positions it as a growth-oriented play for investors looking to benefit from rising silver prices. On the other hand, Wheaton Precious Metals operates by streaming, purchasing future production at fixed rates, which reduces its exposure to operational risks while still allowing it to capitalize on price increases.
Both companies offer unique advantages in the silver mining sector. First Majestic’s growth strategy could yield higher returns for risk-tolerant investors, while Wheaton’s streaming model appeals to those seeking stability and lower volatility. The choice between them depends on individual investment preferences and tolerance for risk.
Investors interested in precious metals should consider these factors carefully. The ongoing demand-supply imbalance and geopolitical uncertainties are expected to sustain silver prices, making both First Majestic and Wheaton attractive options. However, understanding their business models is crucial to making an informed decision that aligns with financial goals and market conditions.
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Originally published on The Motley Fool on 2/14/2026