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Wheaton Precious Metals Corp.

TSX:WPMLive AI agent

Wheaton Precious Metals is a leading precious metals investment vehicle, focused on delivering value through streaming to all stakeholders, including shareholders, partners, and local communities.

Investor website: https://wheatonpm.com/

About

Wheaton Precious Metals is a leading precious metals investment vehicle, focused on delivering value through streaming to all stakeholders, including shareholders, partners, and local communities. The company aims to provide low-risk, high-quality, long-term, diversified exposure and growth optionality to precious metals, while promoting responsible mining practices.

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Projects
["#### Salobo, Brazil\nOperator: Vale\nLocation: Brazil\nStream: Au\nPrimary Metal: Cu\n\n## Project Overview\nThe Salobo mine, located in the Pará state of Brazil, is the largest copper deposit ever discovered in Brazil. The low-cost copper-gold mine began operating in 2012 with a design throughput capacity of 12 million tonnes per annum (“Mtpa”), and is currently ramping up to an expanded throughput capacity of 36 Mtpa. Salobo is an integrated operation of open pit mining, mineral processing beneficiation, concentrate loading and transportation. The copper concentrate is transported by road from the mine to Vale’s existing rail terminal in Parauapebas, from where it is carried by the Carajás railroad to the Ponta da Madeira maritime terminal located in Sao Luis.\n\nSalobo is classified as an iron-oxide-copper-gold (“IOCG”) deposit. Global examples include Olympic Dam in Australia, Candelaria–Punta del Cobre in Chile and Sossego in Brazil. Mineralization at the Salobo deposit is hosted by upper-greenschist to lower-amphibolite, metamorphosed rocks of the Igarapé Salobo Group. The Igarapé Salobo Group consists of iron-rich sediments, quartzites and gneisses, metamorphosed to amphibolite facies and is associated with copper–gold and copper–gold–silver mineralization. The major host units are biotite and magnetite schists.\n\n| Date of Contract | 28-Feb-13 |\n| Term | Life of Mine |\n| Stream | 75% of gold |\n| Upfront Consideration | $3,573M |\n| Per Unit Production Payment | $429 (annual 1% inflation adjustment) |\n| Cost Quartile | First |\n\n### Stream Details\nFor more information on the Salobo mine, please visit: [www.vale.com (opens in new\\tab)](https://www.vale.com/)\n\n#### Zinkgruvan, Sweden\nOperator: Boliden\nLocation: Sweden\nStream: ag\nPrimary Metal: zn\n\n## Project Overview\nZinkgruvan is an underground zinc-lead-silver mine owned and operated by Boliden, located approximately 250 kilometers southwest of Stockholm, Sweden. This low-cost mine has been producing on a continuous basis since 1857. The Zinkgruvan orebodies are dominated by sphalerite and galena and are generally massive, well banded, and stratiform. Remobilization of galena and silver has occurred in response to metamorphism and deformation, and is most pronounced in the lead-rich western extension of Nygruvan and in the Burkland area. Copper stockwork mineralization has been identified in the structural hanging wall of the Burkland deposit. Chalcopyrite is the main copper mineral and occurs as coarse disseminations and patches within a marble host rock.\n\nZinkgruvan consists of an underground mine, processing plant and associated infrastructure, producing zinc, lead, and copper concentrates. Mineral processing comprises a conventional crushing, grinding and flotation milling process, with concentrates shipped to smelters in Europe. A separate 0.3 Mtpa copper treatment line in the processing plant was commissioned during 2010. This line was further modified during 2011 to allow it the flexibility to treat zinc-lead ore as well as copper ore. Overall mine capacity is 1.35 Mtpa.\n\n| Date of Contract | 08-Dec-04 |\n| Term | Life of Mine |\n| Stream | 100% of silver production |\n| Upfront Consideration | $78M |\n| Delivery Payment Per Ounce | $4.75 (annual inflation adjustment based on CPI) |\n| Cost Quartile | Second |\n\n### Stream Details\nFor more information on the Zinkgruvan mine, please visit: [www.boliden.com (opens in new tab)](https://www.boliden.com/)\n\n#### Kurmuk, Ethiopia\nOperator: Allied Gold\nLocation: Ethiopia\nStream: Au\nPrimary Metal: Au\n\n## Project Overview\nThe Kurmuk Project is an advanced stage development project in the Benishangul-Gumuz region of western Ethiopia, approximately 750km east-northeast of the capital, Addis Ababa and 65-km north-northwest of the town of Asosa. The current project design encompasses the Dish Mountain and Ashashire deposits, with numerous exploration targets across the Kurmuk Project’s expansive 1,450 km² exploration territory.\n\nThe Kurmuk deposits are classified as orogenic gold deposits that are a product of crustal thickening and deep, late-stage metamorphism during mountain building events. The deposits are hosted within the Neoproterozoic volcano-sedimentary Tulu Dimtu shear belt of the Arabian-Nubian Shield at the northern extremity of the East African Orogen. It is characterised by a sequence of metasedimentary rocks interspersed with mafic to ultramafic volcanic and intrusive rocks. Gold mineralization at Dish Mountain is associated with late-stage, discordant extensional 1 m to 10 m stacked quartz, dolomite, and pyrite veins and their adjacent dolomite-muscovite-pyrite altered selveges, enveloped by broad dolomite-muscovite alteration haloes. Ashashire’s gold mineralization is characterised by intense muscovite-dolomite-pyrite alteration adjacent to the mineralised veins, with carbonate alteration halos.\n\nBoth deposits will be mined by open-pit methods, encompassing drilling, blasting, loading, and hauling operations. A conventional 6 Mtpa CIL plant is being constructed to process the mineralised material at Kurmuk. The Tailings Storage Facility (TSF) has been designed as a valley impoundment with multi-zoned, earth-fill embankments.\n\n| Date of Contract | 05-Dec-24 |\n| Term of Stream | Life of Mine |\n| Stream Parameters | 6.7% of gold until 220 Koz, then 4.8% for life of mine* |\n| Upfront Consideration | $175M |\n| Delivery Payment Per Ounce | 15% of spot price of gold |\n| Cost Quartile | Second |\n\n### Stream Details\n_*During any period in which debt exceeding US$150 million ranks ahead of the Kurmuk PMPA, the stream percentage increases to 7.15% and decreases to 5.25% once the drop-down threshold is reached._"]
Leadership
Randy Smallwood (Chair of the Board & Director, Randy Smallwood has served on Wheaton’s Board of Directors since May 6, 2011, and was appointed Non‑Executive Chair of the Board effective March 31, 2026. He previously served as Chief Executive Officer of Wheaton from 2011 to 2026 and as President from 2010 to 2025. Mr. Smallwood was involved in founding the company (formerly Silver Wheaton), which has grown under his leadership from a pure silver streaming company into a diversified, international precious metals company.)

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