Wheaton Precious Metals Corp is a Canadian mining company that specializes in the production of precious metals such as gold, silver, and palladium. The company operates through a unique business model known as the streaming model, which involves providing upfront financing to mining companies in exchange for the right to purchase a portion of their future precious metal production at a fixed price.
Wheaton Precious Metals Corp was founded in 2004 and is headquartered in Vancouver, British Columbia. The company has streaming agreements with mining companies around the world, including in Canada, the United States, Mexico, Brazil, Peru, Chile, Argentina, and Portugal.
The company's primary focus is on silver streaming, with approximately two-thirds of its revenue coming from silver production. However, the company also has exposure to gold, palladium, and other precious metals.
Wheaton Precious Metals Corp is listed on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbols WPM and WPM respectively. The company has a market capitalization of approximately $23 billion as of August 2021.