Wheaton Precious Metals (NYSE:WPM) - Every Quarter Will Be Bigger Than The Last

Interview with Randy Smallwood, President & CEO of Wheaton Precious Metals Corp.

Recording date: 13th October 2023

Wheaton Precious Metals (TSX & NYSE: WPM) CEO Randy Smallwood discusses the streaming company's growth plans and partnership approach with mining companies. Wheaton has streams on mines located in Canada, Peru, New Zealand, India, Ghana, and South Africa that produce gold, silver, and copper.

Wheaton expects to increase annual production by 50% over the next 5 years through existing streaming contracts, with no additional M&A required. The company generates over $1 billion in annual operating cash flow at current metals prices. Wheaton takes a partnership approach, focused on working with profitable mines in the lowest operating cost quartiles. The company also provides community investment support to help partners achieve their social license.

Upcoming potential catalysts include the continued production ramp-up at the Salobo copper mine in Brazil, one of Wheaton's cornerstone assets. The company also continues to evaluate new streaming opportunities globally to add to its long-term growth pipeline. With high margins, increasing production, exploration success, and focus on top-tier assets, Wheaton makes a compelling investment case as a leading precious metals streaming company.

[richardklein]

Looking more stylish there Matt. Love Smallwood and WPM

[alligator_pie]

Interesting point about how index funds are not as supportive of mining as actively managed investment