Associated equity: Wheaton Precious Metals
Wheaton Precious Metals is the world’s pre-eminent ostensibly precious metals streaming company, with over 30 high-quality precious metals streams and early deposit agreements over mines in Mexico, Canada, Brazil, Chile, the US, Argentina, Peru, Sweden, Greece, Portugal and Colombia.
Wheaton Precious Metals — 1 video in collection
Wheaton Precious Metals was founded in 2004. The company’s vision is to be the world’s premier precious metals investment vehicle. The streaming model Wheaton employs offers shareholders many advantages relative to both mining companies and direct investment in bullion or gold ETFs. The company provides commodity price leverage, exploration upside and an attractive valuation, while having predictable capital and operating costs, a high quality asset base and a sustainable dividend policy. The portfolio contains a diverse list of high quality, low cost, long life assets. The balance sheet is strong and there is ample opportunity to reinvest in new projects, pay down debt and boost returns to shareholders.
In this interview, Randy Smallwood, president and CEO of Wheaton Precious Metals, discusses the concept of streaming, what differentiates Wheaton’s strategy from its peers, and the focus on ESG and sustainability. This is followed by an explanation of how a new stream is acquired, the priorities for uses of cash, where new growth is likely to come from and why he believes investors should invest in a streaming business.
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