Wheaton Precious Metals Corp

Industry: Gold

Sector: Basic Materials

Primary metal: Silver

About

Wheaton Precious Metals Corp is a leading metals streaming company that focuses on the acquisition of gold, silver, and other precious metal streams. As a streaming company, Wheaton conducts upfront payments to mining companies for the right to purchase precious metals produced by the mines at a fixed, lower price. This unique business model grants Wheaton Precious Metals the ability to maintain low operating costs while avoiding the direct operational risks associated with mining. The company's diversified portfolio includes streaming agreements with multiple globally recognized mines across various currencies, thereby reducing economic and geographical risk exposure. Wheaton Precious Metals plays a significant role in the mining and metals market by providing mining companies with necessary capital while offering investors a more stable return linked to precious metals without the direct constraints of mining operations. By catering to the demand for gold and silver, Wheaton supports various sectors, including jewelry, industry, and investment, prominently impacting global market dynamics.

Symbol: WPMExchange: TSXCurrency: CAD