Wheaton Precious Metals Corp.

Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company headquartered in Vancouver, British Columbia. The company's core business model involves providing upfront capital to mining companies in exchange for the right to purchase a fixed percentage of future gold, silver, palladium, and cobalt production at predetermined, discounted prices. This streaming approach allows Wheaton to generate high operating margins and aims to create sustainable value for stakeholders through responsible business practices and exposure to low-risk precious metals production.

Wheaton Precious Metals primarily focuses on gold, silver, palladium, and cobalt. The company does not own or operate mines directly; instead, it secures long-term streaming agreements for byproduct metal production from other mining companies. This strategy provides investors with exposure to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining operations. Its diverse portfolio includes agreements for 18 operating mines and 27 development projects spanning North America, Europe, South America, and Africa.

In a recent leadership evolution, Haytham Hodaly transitioned to President and CEO, succeeding Randy Smallwood, who became non-executive Chair of the Board, effective March 31, 2026. Wheaton Precious Metals is recognized as one of the world's largest precious metals streaming companies. Recent strategic moves include expanding its portfolio with new royalty and streaming agreements, such as a 1.5% net-smelter-return royalty on gold and silver from the Spanish Mountain project and a precious metals purchase agreement with KGL Resources for the Jervois project in Australia. The company also finalized a silver stream with BHP on Antamina. Committed to strong ESG practices, Wheaton was recognized by Corporate Knights as one of the 2026 Global 100 Most Sustainable Corporations.