Wheaton Precious Metals Corp.
Wheaton Precious Metals Corp. provides upfront capital to mining companies in exchange for the right to purchase a fixed percentage of a mine's future silver/gold (and other precious metal) production at a low, fixed cost, generating high-margin cash flow without direct operating, capex or exploration risk. Its streaming/royalty portfolio spans 22 operating mines and 26 development/other projects, including Salobo (Brazil), Peñasquito (Mexico) and Antamina (Peru, where Wheaton announced its largest-ever streaming transaction in Q1 2026, in partnership with BHP). Haytham Hodaly is President and CEO; Gary Brown is Senior VP and CFO. Q1 2026 was a record quarter: $901 million revenue, $582 million net earnings, $766 million operating cash flow.
Notable vs. Peers
- Jurisdiction risk score of 9/10 is meaningfully safer than the peer average of 6.8/10.
- Financials score of 5/10 is weaker than the peer average of 7.1/10.
Jurisdiction (40%, counts 100% here)9/10
Wheaton is a Canadian-domiciled royalty/streaming company, not an operator -- it holds no mines and bears no direct jurisdiction/operating risk of its own. This score reflects Canada as the corporate domicile only; the underlying jurisdiction risk actually sits with its ~48 streaming/royalty counterparty mines and projects worldwide (e.g. Salobo/Brazil, Peñasquito/Mexico, Antamina/Peru), which this single-country field cannot represent. See description for the business-model caveat.
Infrastructure (40%)Not scored
A royalty/streaming company holds interests in other operators' mines rather than building its own, so a flagship infrastructure checklist isn't scored for it.
Nearby producing mine (20%)Not scored
Not scored for a royalty/streaming company, which doesn't build or run a mine of its own.
Your Rankings
Wheaton Precious Metals Corp. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.
| Asset | Commodity | Interest | Rate / price | Stage |
|---|---|---|---|---|
Antamina Compañía Minera Antamina S.A. (BHP/Glencore/Teck/Mitsubishi joint venture) · Peru | Silver | Stream | 67.5%20% of spot silver price per oz delivered (payable percentage of production, not a fixed $/oz) | — |
Salobo Vale S.A. · Brazil | Gold | Stream | — | — |
Peñasquito Newmont Corporation · Mexico | Silver | Stream | — | — |
Constancia Hudbay Minerals Inc. · Peru | Silver | Stream | — | Production |
Blackwater Artemis Gold Inc. · Canada | Gold | Stream | — | Production |
Goose B2Gold Corp. · Canada | Gold | Stream | — | Production |
Management Team
President and Chief Executive Officer of Wheaton Precious Metals Corp. since 31 Mar 2026, succeeding Randy Smallwood (who became non-executive Chair). Joined Wheaton in 2012 as SVP Corporate Development, promoted to President in 2025; oversaw more than $11 billion in streaming transactions during his tenure. Before Wheaton, spent 16+ years in North American securities, most recently as Director and Mining Analyst, Global Mining Research at RBC Capital Markets, and earlier Co-Director of Research and Senior Mining Analyst at Salman Partners Inc.
Senior Vice President and Chief Financial Officer of Wheaton Precious Metals Corp. since 31 Mar 2025, having served as Wheaton's Vice President of Finance for the prior 13 years. Before Wheaton, held finance roles at CHC Helicopter (Senior Manager, Financial Planning and Analysis, 2009-2011) and KPMG (Director, M&A Transaction Services, New York, 2008-2009). Bachelor of Commerce (Honours, Accounting), University of British Columbia; CPA, CA; CFA.
Non-Executive Chair of the Board of Wheaton Precious Metals Corp. since 31 March 2026, having stepped down as the company's long-time President & CEO on the same date, succeeded by Haytham Hodaly. Professional Engineer.
Lead Independent Director of Wheaton Precious Metals Corp. since 31 March 2026 (Chair of the Board 2022-2026). 33-year mining career in exploration, corporate development and investment banking; former Managing Director and Industry Head, Mining at Scotia Capital; non-executive Chair of Capstone Mining Corp. 2011-2022.
Independent Director of Wheaton Precious Metals Corp. since 2016; also Chairman of Equinox Gold Corp. President and CEO of Goldcorp Inc. from 2009 to April 2016; earlier EVP Corporate Development at Goldcorp and EVP/General Counsel of Glamis Gold prior to its acquisition by Goldcorp. Also Non-Executive Chairman of Orla Mining Ltd. since 2017, ahead of its 2026 merger with Equinox Gold.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Not scored. Smart-money tracking covers companies below about US$5B in market cap, where a single specialist fund or strategic investor taking a stake is a meaningful signal. This company was above that size when it was assessed.
No notable insiders tracked for this miner yet.