Wheaton Precious Metals, formerly Silver Wheaton, is the largest silver and gold streaming
company in the world with the highest production and operating cash flow relative to its
peers. The Company has entered into agreements to purchase all or a portion of the silver
and/or gold production from high-quality mines for an upfront payment and an additional
payment upon delivery of the precious metals. The Company offers investors leverage to
increasing silver and gold prices, a sustainable dividend, and both organic and acquisition
growth opportunities. Wheaton Precious Metals offers these benefits while at the same
time seeks to reduce many of the downside risks faced by traditional mining companies.
For example, operating costs are contractually set at the time the stream is entered into,
allowing investors to benefit from cost predictability and strong margin growth in an
environment of rising silver and gold prices.
Wheaton Precious Metals currently has streaming agreements covering 21 operating
mines and 8 development stage projects. The Company’s production profile is driven by
a portfolio of high quality assets, including a gold stream on Vale’s Salobo mine, and silver
streams on Glencore’s Antamina mine and Goldcorp’s Peñasquito mine. The Company’s
estimated attributable silver and gold production in 2017 is forecast to be 28 million silver
ounces and 340,000 gold ounces. Estimated average annual attributable silver and gold
production over the next five years (including 2017) is anticipated to be approximately
29 million silver ounces and 340,000 gold ounces per year.
For more information please visit their website.