Wheaton Precious Metals Corp. is a multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies (including Barrick Gold and Goldcorp) as a by-product of their main operations.
Originally named Silver Wheaton, the company changed its name to Wheaton Precious Metals on May 10, 2017.
In 2016, the company reported attributable production totaling 30.4 million ounces of silver and 353,700 ounces of gold, with net earnings of US$195 million on operating cash flows of $584 million.
Traded as: TSX: WPM; NYSE: WPM; FWB: SII; S&P/TSX 60 component
Industry: Mining, Silver streaming
Founded: 2004
Headquarters: Vancouver, Canada
Products: Gold and Silver
Divisions:
- Silver Wheaton Ltd.
- Silverstone Resource