Wheaton Precious Metals Corp.
About Wheaton Precious Metals Corp.
Overview
Wheaton Precious Metals Corp. is the world's largest precious metals streaming company with agreements for the purchase of silver, gold, palladium, and cobalt from 28 operating mines and 9 development projects. The streaming business model provides upfront financing to mining companies in exchange for the right to purchase a portion of future production at predetermined prices.
Operations
Wheaton has streaming agreements with some of the world's largest and most respected mining companies including Vale, Glencore, Hudbay, Pan American Silver, and First Majestic. The company's portfolio generates attributable production of approximately 25 million silver ounces and 430,000 gold ounces annually, with production expected to grow significantly over the next decade.
Strategy
The company's strategy emphasizes maintaining the highest-quality portfolio of long-life, low-cost assets, preserving financial flexibility to capitalize on market opportunities, generating industry-leading cash flow margins, and returning value to shareholders through dividends. The streaming model provides commodity price exposure with significantly lower capital requirements and operating risks compared to traditional mining.
Key Projects
Wheaton's portfolio includes streams on major development projects including Pascua-Lama (Chile/Argentina), Rosemont (Arizona), Goose (Canada), Curipamba (Ecuador), and Marathon (Canada). The company continues to evaluate new streaming opportunities with quality operators in favorable jurisdictions, focusing on silver and gold with exposure to battery metals.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- WPM
- Market Cap
- Large Cap
- Category
- Gold
- Commodities
- Silver, Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.