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Wheaton Precious Metals Corp.

TSX:WPMLive AI agent

Wheaton Precious Metals is a leading precious metals investment vehicle, focusing on providing shareholders with low-risk, high-quality exposure to precious metals through a unique streaming model.

Investor website: https://wheatonpm.com/

About

Wheaton Precious Metals is a leading precious metals investment vehicle, focusing on providing shareholders with low-risk, high-quality exposure to precious metals through a unique streaming model. The company aims to generate superior returns for its shareholders while promoting responsible mining practices and supporting local communities.

Verified company data

Mineral resource
The Metates gold-silver project, owned by Chesapeake Gold is located in Mexico, 160 kilometers northeast of the city of Durango state and is one of the largest, undeveloped disseminated gold and silver deposits in the world. The Metates project is situated within a window of Mesozoic basement rocks exposed by erosion of the extensive flat-lying Tertiary volcanic cover. The basement complex of Cretaceous to Jurassic aged rocks consists of a sequence of interbedded sandstones, shales, and argillites. Mineralization is typically expressed as sulphide stockwork veinlets or disseminations. Within both the sedimentary and intrusive rocks, veinlets are composed almost completely of pyrite, sphalerite, arsenopyrite, and galena, with very little gangue mineralization such as quartz or calcite. Extensive mineralogical investigations indicate that some amounts of native gold and electrum occur as both rare free mineral grains, as micron-sized grains that are generally enclosed within the pyrite grains, or as solid solution within the crystal structure of the pyrite. In 2023, Chesapeake published a Preliminary Economic Assessment for a sulfide heap leach project at Metates. Due to partial refractory nature of Metates, the materials will undergo a two-stage process of oxidation of the sulfides on an on-off pad, followed by conventional cyanide heap leaching to produce dore. Recoveries are projected to be lower compared to pressure oxidation but the process will not be as capital intensive. In August 2019, Chesapeake exercised its option to repurchase two-thirds of the royalty (1%) for US$9.0 million, with Wheaton continuing to hold a 0.5% royalty interest. In addition, Wheaton has a right of first refusal on any future silver stream or royalty with Chesapeake on Metates.
Projects
["The Metates gold-silver project, owned by Chesapeake Gold is located in Mexico, 160 kilometers northeast of the city of Durango state and is one of the largest, undeveloped disseminated gold and silver deposits in the world. The Metates project is situated within a window of Mesozoic basement rocks exposed by erosion of the extensive flat-lying Tertiary volcanic cover. The basement complex of Cretaceous to Jurassic aged rocks consists of a sequence of interbedded sandstones, shales, and argillites. Mineralization is typically expressed as sulphide stockwork veinlets or disseminations. Within both the sedimentary and intrusive rocks, veinlets are composed almost completely of pyrite, sphalerite, arsenopyrite, and galena, with very little gangue mineralization such as quartz or calcite. Extensive mineralogical investigations indicate that some amounts of native gold and electrum occur as both rare free mineral grains, as micron-sized grains that are generally enclosed within the pyrite grains, or as solid solution within the crystal structure of the pyrite. In 2023, Chesapeake published a Preliminary Economic Assessment for a sulfide heap leach project at Metates. Due to partial refractory nature of Metates, the materials will undergo a two-stage process of oxidation of the sulfides on an on-off pad, followed by conventional cyanide heap leaching to produce dore. Recoveries are projected to be lower compared to pressure oxidation but the process will not be as capital intensive. In August 2019, Chesapeake exercised its option to repurchase two-thirds of the royalty (1%) for US$9.0 million, with Wheaton continuing to hold a 0.5% royalty interest. In addition, Wheaton has a right of first refusal on any future silver stream or royalty with Chesapeake on Metates.","The Aljustrel copper-zinc-lead-silver mine is located in Portugal and is 100% owned by Almina – Minas do Alentejo, S.A., a private company who purchased the mine from Lundin Mining Corporation in early 2009. The Aljustrel Mine exists within the Iberian Pyrite Belt which consists of a Devonian-Carboniferous volcano-sedimentary sequence that forms an arcuate belt extending westward from Seville, Spain to the west-northwest in southern Portugal. The belt is host to some of the world’s largest volcanogenic massive-sulfide (VMS) deposits. The area is interpreted to represent a Late-Devonian rifted basin that appears to have controlled the distribution of both massive-sulfide and stockwork mineralization, as well as associated volcanic units. Base metals within these deposits are commonly zoned from zinc-rich zones near the top, to copper-rich zones at the base of the massive sulfide. The Aljustrel Mine area hosts six massive-sulfide deposits: Feitais, Moinho, Algares, São João, Estacão and Gavião. In 2014, in exchange for remuneration, Wheaton Precious Metals agreed to waive its rights to silver contained in copper concentrate at the Aljustrel mine, but retains a stream on silver produced from the zinc and lead ores. In 2018, the agreement with Almina was amended to increase production payments to 50% of the amounts received under concentrate sales agreements, fix silver payable rates for a period of two years, and limit rate decreases thereafter. In Q2 2018, Aljustrel began processing zinc ores to produce zinc and lead concentrates containing silver payable to Wheaton.","Aris Mining’s Toroparu Gold Deposit is located in the Cuyuni-Mazaruni Region of Guyana, approximately 215-km southwest of the capital city of Georgetown. The Toroparu and Sona Hill deposits are located in the Amazonian Craton of the Guiana Shield, within the northwest trending Puruni volcano-sedimentary belt, in a sequence of metasedimentary and metavolcanic rocks along the contact of a small intra-belt pluton. Mineralization is characterized by three different vein assemblages that include gold mineralized quartz and chalcopyrite-bornite veinlets, gold mineralized chalcopyrite-only veinlets, and gold mineralized quartz and molybdenite veins. The project has its Environmental Authorization, Mineral Agreement and Fiscal Stability Agreement in place. GCM Mining (formerly Gold X Mining) has signed a Memorandum of Understanding with the Guyana Government giving Gran Colombia exclusive rights to develop the Kurupung Hydro Project, approximately 50-km south of the Toroparu Project. Optimizing the project’s power supply by building the proposed run-of-river hydroelectric facility could significantly reduce the estimated operating cash cost.","The Cozamin copper-zinc-lead-silver mine is located 3.6 km north-northwest of Zacatecas City in the mineral-rich state of Zacatecas, Mexico. Commissioned in 2006, Cozamin has undergone two successful expansions since that time. The mill produces copper, zinc, and lead concentrates that are shipped to the port of Manzanillo for export to world markets. All mineralization at Cozamin occurs in veins and fracture-controlled systems of veinlets. Currently mined mineralization at Cozamin is best described as intermediate sulphidation. The copper-rich mineralization is an early phase that is enveloped, overprinted, or brecciated by zinc-rich intermediate sulphidation mineralization. Cozamin’s dominant mineralized vein systems include the Mala Noche Vein (“MNV”) and the Mala Noche Foot Wall Zone (“MNFWZ)”. On surface, the MNV was mapped for 5.5 km across the property. It strikes approximately east west and dips on average at 60° to the north. There are several shafts that provide access to historical workings, the largest historical area being the San Roberto mine and the second largest area being the San Rafael mine. Current exploration efforts are focused on the MNFWZ West Target and other brownfield targets in the property. MNFWZ is open locally to the southeast and northwest and down-dip (at depth), while MNV is open locally to the east and west and down-dip (at depth). As part of the Silverstone Resources acquisition in 2009, Wheaton acquired a precious metals stream on Cozamin, which subsequently expired in 2017. In 2020, Wheaton entered into a definitive Precious Metals Purchase Agreement with Capstone Mining (now Capstone Copper) with respect to the Cozamin mine effective December 11, 2020, bringing the Cozamin mine back into Wheaton’s portfolio."]
Leadership
Haytham Hodaly (President & CEO, Brings 30 years of experience in mining investment analysis and has executed over US$15 billion in streaming transactions.), Curt Bernardi (Executive Vice President, Strategy and General Counsel, Over three decades of legal expertise in corporate finance and mergers.), Vincent Lau (Senior Vice President & Chief Financial Officer, Expert in valuation and financing of streaming acquisitions with over fifteen billion dollars in transactions.), Patrick Drouin (President (Wheaton International) & Chief Sustainability Officer, Focused on sustainability efforts and investor relations, with a background in equity sales.), Simona Antolak (Vice President, Communications & Corporate Affairs, not discovered), Randy Smallwood (Chair of the Board & Director, Co-founder of Wheaton with extensive experience in mining and corporate development.), George Brack (Lead Independent Director, 35 years in mining industry with a focus on corporate development and investment banking.), Jaimie Donovan (Director, Over 25 years in mining operations and corporate development.), Chantal Gosselin (Director, 30 years in mining operations and capital markets.), Haytham Hodaly (Director, not discovered), Jeane Hull (Director, 35 years in mining operational leadership and engineering.), Glenn Ives (Director, Former Canadian partner of Deloitte with extensive governance experience.), Charles Jeannes (Director, Former President and CEO of Goldcorp with over 30 years in mining.), Marilyn Schonberner (Director, 35 years in Energy and Mining sectors, former CFO of Nexen Energy.), Srinivasan Venkatakrishnan (Director, Experienced mining executive with a proven track record in leading global mining businesses.)

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