Question Details

Will Wheaton Precious Metals share WPM close above $60 at any day until Dec-31-2022 ?

Will Wheaton Precious Metals share WPM close above $60 at any day until Dec-31-2022 ?

Asked by: Super UserJosef Biesenberger in Business » Results
Settled on 01/17/2023 10:58 Settled by Super UserJosef Biesenberger
Winning option:No



Established in 2004, Wheaton pretious metals (former Silver Wheaton) has quickly positioned itself as the largest silver streaming company in the world. The company has entered into a number of agreements where, in exchange for an upfront payment, it has the right to purchase, at a low fixed cost, all or a portion of the silver production from several high-quality mines located in politically stable regions around the globe. Wheaton Precious Metals currently has agreements to purchase silver from 17 operating mines and four development stage projects.

The company’s exceptional growth profile is driven by a portfolio of world-class assets, including silver and precious metal streams on Barrick’s Pascua-Lama project and Hudbay’s flagship 777 mine and Constancia project.Wheaton’s unique business model creates significant shareholder value by providing:

Leverage to increases in the silver price;
Additional growth through the acquisition of new silver streams;
A dividend yield, which has the potential to grow over time; and,
Participation in the exploration success of the mines underlying our current agreements.

Wheaton Precious Metals offers these benefits while at the same time reducing many of the downside risks faced by traditional mining companies. In particular, Wheaton Precious Metals offers its investors both capital and operating cost certainty. Other than its initial upfront payment, Wheaton Precious Metals has no ongoing capital or exploration costs. Furthermore, its operating costs are essentially fixed at approximately US$4 per ounce of silver produced, allowing shareholders to benefit from strong margin growth in a rising silver price environment.

The company has an experienced management team with a strong track record of success, and it is well positioned for further growth.

Find similar: Silver Wheaton stock, NYSE, WPM


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