Video

Close Video

Overview

Wheaton Precious Metals is one of the largest precious metals streaming companies in the world. The Company has entered into agreements to purchase all or a portion of the non-core precious metals or cobalt production from high-quality mines for an upfront payment and an additional payment upon delivery of the metal. Wheaton currently has streaming agreements for 20 operating mines and 9 development stage projects. The Company’s production profile is driven by a portfolio of low-cost, long-life assets, including a gold stream on Vale’s Salobo mine, and a silver stream on Newmont’s Peñasquito mine.

Wheaton’s vision is to be the world’s premier precious metals investment vehicle and to deliver value through streaming to all of their stakeholders.

Wheaton is listed on the TSX (WPM.CA), the NYSE (WPM) and listed on the London Stock Exchange (WPM) in October 2020.

www.wheatonpm.com

Directors

Randy Smallwood (President & CEO)
Involved in the founding of Wheaton Precious Metals. Appointed President In January 2010,  and CEO in April 2011.

Douglas Holtby (Chairman)
President & CEO of Holtby Capital Corp, a private investment company. Previously Director of Goldcorp from 2005-2016

Other Directors: George Brack, John Brough, R. Peter Gillin, Chantal Gosselin, Glenn Ives, Charles Jeannes, Eduardo Luna,  Marilyn Schonberner

Financials

P&L31 Dec 2020
US$~000
31 Dec 2019
US$~000
Revenue1,096,224861,332
Total Cost of Sales(510,652)(515,385)
Gross Margin585,572345,947
Net Earnings507,80486,138
Balance Sheet31 Dec 2020
US$~000
31 Dec 2019
US$~000
Cash & Cash Equivalents192,683103,986
Mineral Stream Investments5,488,3915,734,106
Bank Debt195,000874,500
Total Assets5,957,2726,278,007

Peer Group

  • Franco Nevada Corp (TSX: FNV): Gold mining royalties and streams
  • Royal Gold (NASDAQ: FTC): Precious metals royalties and streams
  • Osisko Gold Royalties (TSX: OR): Gold mining royalties and streams
  • Sandstorm Gold (TSX: SSL): Gold mining royalties

Major Shareholders

Directors

  • Randy Smallwood – 0.05%
  • Douglas Holtby – 0.03%
  • Eduardo Luna – 0.02%
  • R. Peter Gillin – 0.01%
  • <0.01%: George Brack , Chantal Gosselin, Glenn Ives, Charles Jeannes, Marilyn Schonberner

Other

  • Blackrock – 7.17%
  • Fidelity – 5.62%
  • Franklin Templeton – 4.88%
  • Van Eck – 3.97%
  • Capital Research – 3.95%

Macro Indicators

Guardian (1st Feb 2021): Silver hits $30 for first time since 2013

“Silver has continued to surge, and briefly traded over the $30 per ounce mark as today’s sharp rally continues. That’s silver’s highest level since February 2013, up over 10% today, amid the scramble for silver coins and bars and talk that silver could be the next squeeze.

Media Coverage

Yahoo Finance (Sep 2020): Canada’s Wheaton Precious Metals plans London listing amid surge in gold prices

“Canada’s Wheaton Precious Metals (WPM) has announced plans to list on the London Stock Exchange (LSE.L) as demand for precious metals from investors has been surging amid turbulence in equity markets of late. Wheaton, one of the world’s largest companies involved in buying gold and silver, has a market capitalisation of about $23bn (£17.6bn), and is listed in Toronto and New York. On those indices, its shares have risen more than 70% this year.”

www.BIV.com (Dec 2020): Top B.C. miner winning with silver linings playbook

“Earlier this year, Wheaton Precious Metals (TSX,NYSE,LSE: WPM) had a bigger market cap than Telus (TWSX:T), which is typically B.C.’s largest or second largest publicly traded company. A gold and silver bull run had spiked the Vancouver company’s share price to $75 on July 27, pushing its market cap slightly above Telus’ $32 billion.”

Broker Coverage

Edison (Nov 2020): “Wheaton Precious Metals – Continuing to beat expectations”

Wheaton’s Q3 performance was characterised by a strong recovery in silver production coupled with a materially higher silver price to result in a record operating cash flow (of US$228.1m, or US$0.508/share), revenue and sales volumes in the first nine months of the year. One notable feature of the quarter was the absence of any inventory build among WPM’s gold assets, which contributed to revenues being 9.9% above our forecasts for the quarter, although this was partially offset by costs to result in basic EPS that were 5.0% ahead of our expectations.

Submit your details to be kept up to date with announcements regarding Wheaton Precious Metals

We have a strict data protection policy and will not share your details with external parties.