Latest news with #Wheaton
Washington Post
13-07-2025
- Business
- Washington Post
Facing a crackdown, Central American immigrants are sending more money home
In a tangle of strip-mall hair salons and pupuserias in suburban Maryland, the quiet has become palpable amid the Trump administration's aggressive deportation efforts. Restaurants in this heavily Central American enclave of Wheaton are emptied out. Grocery stores have come to a standstill. People are working less, going out to eat less and buying less.
Cision Canada
02-07-2025
- Business
- Cision Canada
Wheaton Precious Metals Announces Return of $1 Million Future of Mining Challenge to Foster Innovation in the Mining Industry
VANCOUVER, BC, July 2, 2025 /CNW/ - Building on the success of its inaugural year, Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the return of its Future of Mining Challenge and invites ventures from around the world to propose industry solutions aimed at improving operational efficiencies and minimizing environmental impacts. "Constant innovation is essential to responsibly meet the growing global demand for minerals and metals, and it is the driving force behind Wheaton's Future of Mining Challenge," said Randy Smallwood, President and CEO of Wheaton Precious Metals. "As a partner to some of the world's leading mining companies, Wheaton is uniquely positioned to support the industry as it advances the delivery of essential commodities and materials in a more sustainable manner." For the 2025/26 challenge, Wheaton will award US$1 million to a cleantech venture with innovative technology that seeks to advance sustainable water management in the mining industry. "The goal of Wheaton's Future of Mining Challenge is to help unlock and support new technologies," said Patrick Drouin, Chief Sustainability Officer of Wheaton Precious Metals. "Our hope is that the award will help to advance the challenge winner's technology closer to commercialization." Wheaton invites cleantech innovators worldwide to participate in its Future of Mining Challenge and will accept expressions of interest until the end of day on Friday, August 29, 2025. Once all expressions of interest have been received and reviewed, Wheaton will invite select ventures to submit a full application in September 2025. This year, Wheaton is collaborating with the University of British Columbia's Sauder School of Business, working closely with a team that brings deep expertise in venture building and early-stage innovation support. The winner of the 2025/2026 Future of Mining Challenge will be announced in March 2026 during the PDAC Convention in Toronto, the largest mining conference in the world. For more information about Wheaton's Future of Mining Challenge and how to submit an expression of interest, visit About Wheaton Precious Metals Corp. Wheaton Precious Metals is the world's premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements, Wheaton partners with mining companies to secure a portion of their future precious metals production. Committed to responsible mining practices, Wheaton employs industry-leading due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton's shares are listed on the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn more about Wheaton Precious Metals at or follow us on social media. Cautionary Note Regarding Forward Looking-Statements This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to innovative mining technology, the potential success of that technology, and its ability to be commercialized, ESG and climate change strategy, targets and commitments and climate scenario analysis by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks relates to the ability to identify innovative mining technology, the potential success of that technology and the ability to commercialize that technology, risks related to the ability to achieve ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form for the year ended December 31, 2024 and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A") for the year ended December 31, 2024, both available on SEDAR+ and in Wheaton's Form 6-K filed March 13, 2025, all available on EDGAR. Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that Wheaton will be able to identify innovative mining technology, ESG and climate change strategy, targets and commitments at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and that Wheaton's application of the CRA Settlement is accurate (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010) and possible domestic audits for taxation years subsequent to 2017 and international audits. SOURCE Wheaton Precious Metals Corp.
Sky News AU
26-06-2025
- Business
- Sky News AU
2GB host Ben Fordham says smokers 'handing money' to criminals amid Australia's growing illicit tobacco market
A radio host has warned criminals will continue to thrive from the illicit tobacco market, as smokers turn to cheaper alternatives due to the government's high cigarette excise. The current tobacco excise rate in Australia is approximately $1.40 per stick and $2158.65 per kg of tobacco content, an increase of 2.7 per cent from the previous period. The average price of a packet of cigarette in 2025 is about $40, but smokers are seeking cheaper, black market options, which can cost just $15 a pack. 2GB host Ben Fordham said smokers were funding the lives of criminals. "We're just handing money to people," he said. "We're buying people Lamborghinis and Ferraris and sending them on first-class holidays around the world the rest of their lives. It's a free kick (for the criminals)." British American Tobacco's chief corporate officer, Kingsley Wheaton, said Australia was in the middle of a "national crisis" which had seen the tobacco war explode in streets, with numerous shops firebombed in an underworld tussle for control of the lucrative market. Mr Wheaton, who had heard about the boom of the illegal cigarettes from London, was left stunned about what he has seen and heard first-hand while in Sydney. "At the end of the day, 55 per cent of the market is illicit cigarettes," he said on 2GB. 'That mean that Australia is up there with Malaysia and South Africa as the most illicit markets in the world. It's a big problem because the government is losing revenue." Mr Wheaton added eight out of 10 consumers of nicotine are being served by criminals. The issue also expands to vapes, which have sharply grown in popularity in recent years. Mr Wheaton said the "only winner" from the government's high excise are those in the underworld. "I believe police and local states are doing a great job, but that's not enough," he said, adding a cut to the tax on cigarettes was the only solution. "A revision to the 2018 rates, raise more government revenue for the Treasury, reduce the amount of illicit (tobacco) and get the marketplace back into responsibility." Earlier in June, Treasurer Jim Chalmers said combating illicit tobacco was a 'real challenge', but suggested cutting the excise was not the right move. 'I am not convinced that cutting the excise on cigarettes would mean that would be the end of illegal activity,' he said. Health Minister Mark Butler recently said lowering prices would not do any good, claiming most countries with lower-priced cigarettes have a "burgeoning black market". Their opinions differ to their fellow Labor counterpart, New South Wales Premier Chris Minns, who urged the federal government to consider lowering the excise. "We need to have a look at how big this excise is, how it's driving illegal tobacco sales in our community," Mr Minns said earlier this month. "And is it the best use of NSW Police time to be devoted to tobacco sales, when in the end the federal government's not getting the excise that they thought — they're not getting that tax that they would get from that massive increase." Treasury has forecast an almost $7 billion loss for the federal government by 2029 as more people turn to the illegal market for their nicotine addiction. In March, the government pledged $156.7 million to help law enforcement agencies, such as the Australian Border Force, in hopes of combatting the growing issue. In September last year, the ABF said it seized more than 45 million illegal cigarettes and 6,500 kilograms of tobacco in five days in Sydney and Melbourne. Officers detected them in 10 separate sea cargo consignments that were shipped in from China, the United Arab Emirates, Singapore, India and Vietnam. The total estimate value is more than $75 million.
Hamilton Spectator
24-06-2025
- Business
- Hamilton Spectator
Rockcliffe Capital Initiates Research Coverage on Wheaton Precious Metals Corp. (NYSE/TSX: WPM)
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) — Rockcliffe Capital is pleased to announce today the initiation of equity research coverage on Wheaton Precious Metals Corp. (TSX/NYSE: WPM), the world's premier precious metals streaming company known for its top-tier asset portfolio, strong balance sheet, and robust cash flow generation. Following extensive operational and fundamental analysis, Rockcliffe Capital's research team highlights Wheaton's unique position in the global metals streaming sector, underpinned by a low- risk, high-return growth model and industry-leading margins. 'Wheaton delivers record financial results with exceptionally clean leverage and a rich growth runway,' said Felix Gelt, Managing Director of Research at Rockcliffe Capital. 'The Q1 beat — driven by $470 M in revenue, $254 M net earnings, and $361 M operating cash flow — underscores the strength of its streaming model and disciplined approach to capital deployment.' Investment Thesis Highlights: Valuation & Target: Rockcliffe Capital's internal base-case scenario supports a 12-month share price target of US$155, reflecting 2026 estimated valuation multiples of 18–20× forward earnings and 12–14× EV/FCF. This view reflects Wheaton's forecast margin expansion, low capital intensity, and a strong path to cash accretion from its next wave of producing assets. Risk Factors: About Rockcliffe Capital Rockcliffe Capital's Research Department provides institutional-grade equity research focused on growth-stage companies, public markets, and high-conviction investment themes. Through rigorous analysis, proprietary modeling, and deep sector insights, our research team supports investors, issuers, and strategic partners in identifying value and making informed decisions. Our coverage includes detailed valuation frameworks, peer comparisons, financial modeling, and ESG scorecards—delivering the intelligence that drives market leadership. Please contact research@ for access to our full research suite and initiation reports. Media Contact Rockcliffe Capital Research & Markets Division research@ +1 (416)-642-1967 This press release is for informational purposes only and does not constitute investment advice. Rockcliffe Capital and its affiliates may hold positions in the securities mentioned.
Yahoo
24-06-2025
- Business
- Yahoo
'I've never seen such societal acceptance of mining' – Wheaton Precious Metals' Randy Smallwood
Early in his geological engineering studies, Randy Smallwood was a recipient of a Canadian Institute of Mining, Metallurgy and Petroleum (CIM) scholarship. Now, several decades later, in a full circle moment, he has been elected CIM's president for 2027–28. Smallwood is known for being instrumental in building Wheaton River/Goldcorp (now part of Newmont), which became one of the world's largest gold producers, as well as Wheaton's successful streaming business model. Here, he discusses how the industry faces an unprecedented opportunity, and why, at this pivotal moment, he encourages his peers to become the change agents the industry badly needs. Randy Smallwood (RS): CIM has always been a leader in technology and innovation. Its universally recognised regulatory framework – 43 101 – allowed Canada to be one of the leaders in responsible resource development and finance, giving investors confidence. That really comes back to CIM and its approach towards technical excellence, finding ways to instill confidence in the technical decisions and resource developments that allow investors and broader society to have confidence in how resources are developed. It is an organisation I have long had great respect for, and I am very excited and honoured to even be considered for this opportunity. RS: In the resources sector, we have got an incredible opportunity right now. I have been in the industry for close to 40 years, and I have never seen such an acceptance from broader society that we do actually need some mines – to electrify the world, to minimise the burning of fossil fuels, to try to improve efficiency in how we capture and use energy. The issue, I think, is that we need to step up to this opportunity and show the world we can deliver the resources needed with less of a footprint on our planet. The world needs responsibly mined resources. I think Canada, which is incredibly wealthy with resources, can lead that opportunity and bring that forward. We should support the best locations to operate, where there are the strictest environmental and social licence requirements, and where we can deliver the best benefits and the best value back to the stakeholders around the assets. RS: One of the most promising things that has come out of Mark Carney since he has become prime minister is his push towards simplifying the permitting process. A challenge in Canada is that we have ten provinces and each has a different approach towards resource development. There are quite dramatic contrasts. Mark has been pushing for a more consistent approach across the country. Anything that works towards streamlining the permitting and project reviewing process would be a benefit. Canada has suffered from much too much bureaucracy for a very long time. RS: I think these recent tariffs have helped wake Canada up to the fact that perhaps we shouldn't be so reliant on our neighbour to the south; perhaps we need to make sure we have access to full global markets so we are getting the best return for our stakeholders on the resources that we choose to develop and move forward. Maintaining that flexibility to the broader global market gives us much more strength around how we decide to move forward; being reliant on trade with any one country isn't recommended. We are surrounded by water outside of the US, so there shouldn't really be any issues with getting our products to the broader world. RS: It is about recognising that we are part of a broader industry and we have a responsibility, as members of the same industry, to make sure that just because it is not your company, if you see something wrong try and fix it. We are all part of one big society; standing back and letting something happen that shouldn't happen is not the right answer. So be the change agent: step forward. If you see opportunities to help your peers be better and opportunities to unlock additional efficiencies, share that. Start thinking about it more from a global sense rather than an individual or a corporate sense. We all wear the same jersey, so to speak. We are part of an industry that will be judged by society, so don't back away and say, well, that is not my problem. It is ultimately all of our problems. RS: So much so. It is not only frustrating, it is embarrassing. I have had this happen where I have been part of a panel, and one of the CEOs of a company is right beside me, and then that company has a huge failure that we think could have been managed. It is frustrating and embarrassing because the technology, science and engineering is there, we should be able to do this with minimal impact. At Wheaton we don't actually operate mines, but we selectively finance around 40-odd mines globally, which we visit at least once a year. One of the mandates we have is to look for and share best practices, so we can help our other partners move down that path. RS: Mining is an industry that has many members that tend to work in silos, on their own projects. There is not much cross pollination or cross communication. I really encourage CEOs to support technical teams. In the end, it is the engineers and the metallurgists and the social scientists that are going to help create an environment that is conducive towards exploring opportunity and having success. Share the successes. Share the challenges with your peers. Let's talk about how this happened, why this happened and what we can do to make sure it doesn't happen again. I always say the biggest challenge in life is to take your challenges and failures and to turn them into lessons and just be better the next time. We need to make sure we have platforms where we encourage that, are open to it, but also contributing and feeding into it. "'I've never seen such societal acceptance of mining' – Wheaton Precious Metals' Randy Smallwood" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
