in

The world’s second largest silver mining company: Wheaton Precious Metals Corp. (WPM), Canada (2004)

Wheaton Precious Metals Corp. (NYSE: WPM, TSX: WPM) was founded in 2004, formerly known as Wheaton (Silver Wheaton Corp., also translated as: Silver Wheaton), on May 10, 2017 Changed to the current name, the original stock code: NYSE:SLW was suspended on May 16, 2017, and was updated to NYSE:WPM. Headquartered in Vancouver, Canada, Wheaton Precious Metals has 35 full-time employees. It is the world’s second largest silver mining company after Fresnillo PLC . 100% of the company’s revenue comes from silver products.

Silver Wheaton Corp SLW Logo

Wheaton Precious Metals Corp. (WPM):

Wheaton Precious Metals was established in 2004. Before December 7, 2006, it was a wholly-owned company of Goldcorp . After that, the shareholding ratio was reduced to 48%. On February 14, 2008, Goldcorp completely divested it, established Silver Wheaton, and listed it independently .

Wheaton Precious Metals, formerly Silver Wheaton (Silver Wheaton), is a precious metal distribution company engaged in the acquisition of silver and gold minerals. Silver Wheaton itself does not conduct mineral exploration and development. The company enters into an agreement to purchase the general political stability of the world. For all or part of the silver and/or gold production of high-grade minerals in the region, advance payment is provided, and additional payment will be made after the precious metal is delivered. In this way, many downside risks faced by traditional mining companies are reduced. In particular, Wheaton Precious Metals provides investors with certainty in capital and operating costs. Apart from the initial advance payment, Wheaton Precious Metals usually has no ongoing capital or exploration costs. In addition, Silver Wheaton’s operating costs have historically been fixed at approximately US$4 per ounce of silver and US$400 per ounce of gold, enabling shareholders to benefit from the strong growth of silver and gold prices.

Wheaton Precious Metals currently has 22 operating mines and 8 development phase projects. Silver Wheaton’s asset portfolio includes Penasquito, Pascua-Lama, San Dimas, 777 Mine, Yauliyacu, Salobo, Sudbury, Constantia, Zinkgruvan and Minto mines.

  • In 2009, Silver Wheaton acquired TSX listed company Silverstone Resources.
  • On May 10, 2017, Silver Wheaton was renamed Wheaton Precious Metals to highlight the company’s diversified mineral resources and business (currently gold and silver each account for about 50%), and the stock code was changed from SLW to WPM.

The following table summarizes the company’s current Silver and Gold Interests (Silver and Gold Interests):

Note : “Permanent” in the term of the agreement means that it is consistent with the mining term of the mine, and the contract is until closure of the mine

Gold and silver rights

owner

Mine location

Buy attributable to silver

Attributable to gold purchases

Agreement period

San Dimas

Primero Mining

Mexico

100%

permanent

Zinkgruvan

Lundin Mining

Sweden

100%

permanent

Yauliyacu

Glencore International

Peru

100%

20 years

Peñasquito

Goldcorp Inc.

Mexico

25%

permanent

Minto

Capstone Mining(TSX:CS)

Canada

100%

100%

permanent

Cozamin

Same as above

Mexico

100%

10 years

777

Hudbay Minerals Inc.

Canada

100%

100% / 50%

permanent

Salobo

Vale

Brazil

50%

permanent

Sudbury

Vale

Canada

70%

20 years

Antamina

Glencore

Peru

33.75%

permanent

Barrick

Pascua-Lama

Barrick Gold

Chile/Argentina

25%

permanent

Lagunas Norte

Same as above

Peru

100%

8.5 years

Pierina

Same as above

Peru

100%

8.5 years

Veladero

Same as above

Argentina

100%

8.5 years

Other

Los Filos

Goldcorp Inc.

Mexico

100%

25 years

Stratoni

Eldorado Gold

Greece

100%

permanent

Neves-Corvo

Lundin Mining

Portugal

100%

50 years

Aljustrel

I’M SGPS

Portugal

100%

50 years

Keno Hill

Alexco Resource

Canada

25%

permanent

Rosemont

Augusta Resource

United States

100%

100%

permanent

Loma de La Plata

Pan American Silver

Argentina

12.5%

permanent

Constancia

Hudbay Minerals Inc.

Peru

100%

50%

permanent

Toroparu

Sandspring Resources

Guyana

50%

10%

permanent

Cotabambas

Panoro Minerals (TSXV:PML, FSE:PZM)

Peru

100%

25%

permanent

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all Intels

REIT company: entertainment real estate depends on EPR Properties (EPR) (1997)

Chinese stocks: Ku6 Media (KUTV)-delisting (2006)