Wheaton Precious Metals is one of the world's largest streaming companies focused exclusively on precious metals. Wheaton is not a mining company but rather a financing company which provides financing solutions to mining companies in the form of a streaming agreement.
Wheaton has streaming agreements with 20 operating mines and 9 development projects and its operating partners include some of the best mining companies in the world including Newmont, Barrick, Glencore, Vale and many others.
Its unique business model creates significant shareholder value by providing: Leverage to increases in the price of precious metals; Additional growth through the acquisition of new streams; A dividend yield, which has the potential to grow over time; and, Participation in the exploration and expansion success of the mines underlying our current agreements. Wheaton offers these benefits while at the same time reduces many of the downside risks faced by traditional mining companies. In particular,
Wheaton offers its investors both capital and operating cost predictability. Other than its initial upfront payment, Wheaton typically has no ongoing capital or exploration costs.
Wheaton has a market cap of U$20 Billion, 450 million S/O fully diluted and pays a minimum quarterly dividend of $0.10 per share.