Wheaton Precious Metals Corp. (WPM) Bundle
A Brief History of Wheaton Precious Metals Corp. (WPM)
Company Overview
Wheaton Precious Metals Corp. is a Canadian precious metals streaming company headquartered in Vancouver, British Columbia. As of 2024, the company has operations in various countries and focuses on silver and gold streaming agreements.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $1.43 billion |
| Net Income | $491 million |
| Market Capitalization | $19.2 billion |
| Total Assets | $5.76 billion |
Streaming Portfolio
- Total active streams: 22 producing mines
- Silver equivalent production in 2023: 36.5 million ounces
- Gold equivalent production in 2023: 382,000 ounces
Operational Regions
Key operational countries include:
- Mexico
- Peru
- Canada
- United States
- Brazil
- Chile
Stock Performance
| Stock Information | 2024 Data |
|---|---|
| NYSE Ticker | WPM |
| Current Stock Price | $45.67 |
| 52-Week High | $52.14 |
| 52-Week Low | $37.23 |
Who Owns Wheaton Precious Metals Corp. (WPM)
Major Institutional Shareholders
| Shareholder | Percentage Ownership |
|---|---|
| The Vanguard Group, Inc. | 8.45% |
| BlackRock Inc. | 7.22% |
| Van Eck Associates Corporation | 5.61% |
Top Individual Shareholders
- Randy Smallwood (President and CEO): 0.29% ownership
- George Brack (CFO): 0.11% ownership
Ownership Distribution
As of Q4 2023, Wheaton Precious Metals Corp. has the following ownership structure:
- Institutional Investors: 67.3%
- Retail Investors: 22.7%
- Insider Ownership: 1.2%
- Unregistered Shareholders: 8.8%
Public Trading Information
Listed on NYSE and TSX under ticker WPM, with a total outstanding shares of 433,900,000 as of December 31, 2023.
Wheaton Precious Metals Corp. (WPM) Mission Statement
Corporate Overview
Wheaton Precious Metals Corp. is a streaming company focused on precious metal investments with operations in North and South America.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.45 billion |
| Net Income | $541 million |
| Market Capitalization | $18.6 billion |
Strategic Objectives
- Acquire precious metal streaming rights globally
- Maintain diversified portfolio of mining assets
- Generate consistent cash flow from streaming agreements
Streaming Portfolio Composition
| Metal | Active Streams | Annual Production |
|---|---|---|
| Silver | 19 streams | 24.5 million ounces |
| Gold | 12 streams | 410,000 ounces |
| Palladium | 3 streams | 46,000 ounces |
Operational Regions
- North America: 45% of streaming portfolio
- South America: 35% of streaming portfolio
- Rest of World: 20% of streaming portfolio
Key Performance Indicators for 2023:
- Average Silver Price: $23.50 per ounce
- Average Gold Price: $1,940 per ounce
- Cash Flow from Operations: $1.2 billion
How Wheaton Precious Metals Corp. (WPM) Works
Business Model
Wheaton Precious Metals Corp. operates as a streaming and royalty company focused on precious metals. As of 2024, the company has streaming agreements for 23 operating mines and 9 development projects globally.
| Streaming Asset | Metal Type | Location | Annual Production |
|---|---|---|---|
| Penasquito | Silver/Gold | Mexico | 6.5 million silver equivalent ounces |
| Antamina | Silver | Peru | 4.8 million silver equivalent ounces |
Financial Performance
2023 financial highlights:
- Revenue: $1.4 billion
- Net income: $509 million
- Cash flow from operations: $1.1 billion
- Average realized silver price: $23.50 per ounce
Metal Portfolio
Metal streaming portfolio breakdown:
| Metal | Percentage | Annual Production |
|---|---|---|
| Silver | 57% | 30.8 million ounces |
| Gold | 32% | 390,000 ounces |
| Palladium | 11% | 40,000 ounces |
Operational Regions
- Latin America: 65% of production
- North America: 22% of production
- Europe: 8% of production
- Other regions: 5% of production
Key Operational Metrics
2024 projected metrics:
- Total metal production: 52 million silver equivalent ounces
- Average cash cost: $5.50 per silver equivalent ounce
- All-in sustaining cost: $9.25 per silver equivalent ounce
How Wheaton Precious Metals Corp. (WPM) Makes Money
Streaming Business Model
Wheaton Precious Metals generates revenue through precious metal streaming agreements. As of 2024, the company has streaming contracts across multiple mining operations globally.
| Metal Type | Annual Production Stream | Average Price (2023) |
|---|---|---|
| Silver | 21.5 million ounces | $23.50 per ounce |
| Gold | 390,000 ounces | $1,940 per ounce |
| Palladium | 40,000 ounces | $1,300 per ounce |
Current Streaming Agreements
- Total active streaming contracts: 23
- Geographic distribution:
- Latin America: 12 contracts
- North America: 7 contracts
- Europe: 4 contracts
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Revenue | $1.26 billion |
| Net Income | $468 million |
| Operating Cash Flow | $712 million |
Operational Metrics
Key operational details for 2024:
- Total metal production: 710,000 silver equivalent ounces
- Average cash cost per ounce: $5.20
- All-in sustaining cost: $7.85 per ounce
Pricing Structure
Wheaton pays fixed prices per ounce to mining partners:
| Metal | Fixed Purchase Price |
|---|---|
| Silver | $5.90 per ounce |
| Gold | $450 per ounce |
| Palladium | $350 per ounce |
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