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Wheaton Precious Metals Corp.

TSX:WPMLive AI agent

Wheaton Precious Metals Corp.

Investor website: https://wheatonpm.com/

About

Wheaton Precious Metals Corp. is a leading precious metals streaming company that provides investors with exposure to precious metals without the risks associated with mining operations. The company purchases a percentage of the metals produced by mines for an upfront payment and an additional payment upon delivery, allowing mine operators to realize more value from their by-product metals. Wheaton's business model emphasizes cost predictability and sustainable margins, benefiting both shareholders and mining partners.

Verified company data

Mineral resource
The Blackwater deposit is an example of an intermediate-sulphidation, epithermal gold–silver deposit. Mineralization is hosted within felsic to intermediate volcanic rocks that have undergone extensive silicification and hydrofracturing in association with pervasive, stockwork-veined and disseminated sulfide mineralization. Mineralization is strongly controlled by northwest–southeast trending structures characterized by zones of tectonic brecciation and chloritic gouge. The Koné deposit is generally disseminated in fine-grained pyrite, with higher grades associated with high-density swarms of 2-mm to 5-mm thick, foliation-parallel, quartz veinlets containing fine-grained sulfide. The Gbongogo deposit generally hosts higher grade mineralization relative to Koné. It correlates with the presence of a quartz and/or tourmaline stockwork and alteration selvages within a plunging quartz diorite that has undergone brittle deformation. The Toroparu and Sona Hill deposits are located in the Amazonian Craton of the Guiana Shield, within the northwest trending Puruni volcano-sedimentary belt, in a sequence of metasedimentary and metavolcanic rocks along the contact of a small intra-belt pluton. Mineralization is characterized by three different vein assemblages that include gold mineralized quartz and chalcopyrite-bornite veinlets, gold mineralized chalcopyrite-only veinlets, and gold mineralized quartz and molybdenite veins. The Metates project is situated within a window of Mesozoic basement rocks exposed by erosion of the extensive flat-lying Tertiary volcanic cover. The basement complex of Cretaceous to Jurassic aged rocks consists of a sequence of interbedded sandstones, shales, and argillites. Mineralization is typically expressed as sulphide stockwork veinlets or disseminations.
Projects
["The Blackwater Mine is located in central British Columbia, approximately 160 km southwest of Prince George and 446 km northeast of Vancouver. New Gold purchased the project in 2011 and advanced it through to feasibility. Artemis Gold purchased 100% of the project in 2020 and have recently brought it into commercial production. Mining is based on conventional open-pit methods suited for the project location and local site requirements. Ultimate-pit limits are split into phases or pushbacks to higher economic margin material earlier in the mine life. Open-pit operations are anticipated to run for 17 years, excluding 15–18 months of pre-production mining. Following mining operations, stockpiled, low-grade material will be processed for an additional five years, resulting in a total LOM of 22 years. Mill feed targets are 6 Mtpa over the first five years of operation, increasing to 12 Mtpa for the next five years, and finally up to 20 Mtpa until the end of mine life. A combined gravity circuit and whole-ore leach will be used for recovering gold and silver. | Date of Contract | 13-Dec-21 | Term | Life of Mine | Stream | 50% of Ag until 17.8 Moz, thereafter 33% for life of mine and 8% of Au until 464 koz thereafter 4% for life of mine | Upfront Consideration | $481M | Per Unit Production Payment | 35% of spot gold price and 18% of spot silver equal to the upfront cash consideration, 22% of spot silver thereafter | Cost Quartile | First |","The Koné Project is located approximately 350 kilometres north-west of Yamoussoukro, the political capital of Côte d’Ivoire, and approximately 600-km northwest of Abidjan, the commercial capital of the country. The Project consists of the Koné and Gbongogo deposits, which are hosted in quartz-diorite intrusions that were emplaced within dilational bends of a regional NNE-SSW oriented shear zone hosted within Birimian aged volcaniclastic rocks. Both deposits will be mined by open-pit methods with the Koné deposit exploited by a smaller North Pit and larger South Pit, and the Gbongogo deposit by a single pit. Processing will be at a nominal rate of 11.0 Mtpa through a conventional Leach-CIP plant. Tailings will be deposited initially in a TSF confined by a cross-valley embankment, and when mining in the Koné South Pit is completed, deposited in-pit. | Date of Contract | 23-Oct-24 | Term of Stream | Life of Mine | Stream Parameters | 19.5% of Au until 400 koz, then 10.8% of Au until an additional 130 koz, then 5.4% of Au for life of mine thereafter* | Upfront Consideration | $625M | Delivery Payment Per Ounce | 20% of spot price of gold** | Cost Quartile | Third |","Aris Mining’s Toroparu Gold Deposit is located in the Cuyuni-Mazaruni Region of Guyana, approximately 215-km southwest of the capital city of Georgetown. The project has its Environmental Authorization, Mineral Agreement and Fiscal Stability Agreement in place. GCM Mining (formerly Gold X Mining) has signed a Memorandum of Understanding with the Guyana Government giving Gran Colombia exclusive rights to develop the Kurupung Hydro Project, approximately 50-km south of the Toroparu Project. Optimizing the project’s power supply by building the proposed run-of-river hydroelectric facility could significantly reduce the estimated operating cash cost. | Date of Contract | 11-Nov-13 | Term | Life of Mine | Stream | 10% of gold 50% of silver | Upfront Consideration | $154M | Delivery Payment Per Ounce | $3.90 Ag and $400 Au (annual 1% inflation adjustment starting in the 4th year after satisfaction of the completion test) | Cost Quartile | Third |","The Metates gold-silver project, owned by Chesapeake Gold is located in Mexico, 160 kilometers northeast of the city of Durango state and is one of the largest, undeveloped disseminated gold and silver deposits in the world. The Metates project is situated within a window of Mesozoic basement rocks exposed by erosion of the extensive flat-lying Tertiary volcanic cover. In 2023, Chesapeake published a Preliminary Economic Assessment for a sulfide heap leach project at Metates. In August 2019, Chesapeake exercised its option to repurchase two-thirds of the royalty (1%) for US$9.0 million, with Wheaton continuing to hold a 0.5% royalty interest. | Date of Contract | Aug - 19 | Royalty Terms | Life of Mine | Royalty Parameters | 0.5% NSR |"]
Leadership
Randy Smallwood (Chair of the Board & Director, Randy Smallwood has served on Wheaton’s Board of Directors since May 6, 2011, and was appointed Non‑Executive Chair of the Board effective March 31, 2026. He previously served as Chief Executive Officer of Wheaton from 2011 to 2026 and as President from 2010 to 2025. Mr. Smallwood was involved in founding the company (formerly Silver Wheaton), which has grown under his leadership from a pure silver streaming company into a diversified, international precious metals company.)

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