Wheaton Precious Metals Corp

Mining

Wheaton Precious Metals Corp is a metal streaming company focused on marketing and selling precious metals and engaged in cobalt production.

Chartered Accountant Peter Barnes and Randy Sandalwood, a geological engineer, co-founded the company in 2004.

The corporate headquarters are located in Vancouver, Canada.

The company, once known as Silver Wheaton, rebranded itself on May 10, 2017.


Until December 7, 2006, Wheaton was under the control of Goldcorp, the parent company. Goldcorp Inc sold around 18 million shares and reduced its ownership in Silver Wheaton to 48 per cent from 100 per cent.

In 2008, it entirely divested Silver Wheaton by selling 108 million shares for an estimated worth of C$1.565 billion.

Wheaton's portfolio includes palladium, silver, cobalt, gold, etc.

The company engages itself in the precious streaming business through the following mines:

• Salobo

• Neves-Corvo

• Voisey's Bay

• Rosemont

• Pascua-Lama

• Antamina

• Constancia

• Stillwater

• Sudbury

• San Dimas

• Yauliyacu

• Penasquito

• Zinkgruvan


Wheaton has streaming agreements for nearly 23 operating mines and eight development stage projects.

The metal streaming company estimated production target for 2021 is 22.5 to 24.0 million ounces of silver and 370,000 to 400,000 ounces of the yellow metal.

Wheaton Precious Metals Corp sells silver mined by other companies like Barrick Gold, Goldcorp, etc., as an offshoot of their primary operations. The agreement percentage for silver in different countries is:
• 40 per cent in Mexico

• 20 per cent in Portugal

• 9 per cent in Chile and Peru

• 7 per cent in Argentina

• 10 per cent in the United States

The company gets most of its silver from Barrick, San Dimas, Zinkgruvan, Cozamin, Yauliyacu, Minto mines.

Apart from these mines, the company has interests in smaller mines, contributing around 20 per cent of total production.

Wheaton Precious Metals Corp has significant assets in Brazil.

The company is listed on Toronto Stock Exchange, New York Stock Exchange and the London Stock Exchange. It trades under the ticker ‘WPM’.

Contact Information

company address Wheaton Precious Metals Corp. Suite 3500 - 1021 West Hastings St. Vancouver, BC Canada V6E 0C3

company phone604-684-9648

company email[email protected]

company websitehttps://www.wheatonpm.com

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