Latest news with #WheatonPreciousMetals
Cision Canada
8 hours ago
- 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.
Yahoo
3 days ago
- Business
- Yahoo
Copper opportunity in Latin America: new issue of MINE out now!
The July issue of MINE magazine is out now, with articles focusing on Latin America, critical minerals and developments in surface mining. Latin America, led by Chile, accounts for around 40% of global copper production, with the region continuing to attract billions of dollars of foreign investment across copper mining operations such as Escondida, Spence and Cerro Colorado. Yet to remain competitive, producers must invest in downstream activities and new technologies, from bioleaching to electrochemistry. In critical minerals, GlobalData discusses whether a deal between the US and the Democratic Republic of Congo could temper conflict in the region, a major producer of cobalt and 11% of global copper. Elsewhere, we speak to Randy Smallwood, CEO and president of Wheaton Precious Metals, about technology, tariffs and politics in mining. We also report on trends in surface equipment, explore how Europe's lack of strong strategic material value chains could constitute a defence vulnerability and look at the application of quadruped robots in mining. Head over to MINE to read all this and more. In August we will look at how much of the mining industry's electrified future rests on advancements in charging technologies. We will explore recent innovations and how interoperability remains a sticking point. We also look at how insurance is evolving in response to industry challenges, summarise some of the developments in screening, sizing and sorting tech, and explore the critical role of graphite in electric vehicles. Sign up to receive the latest issue of the magazine direct to your inbox. "Copper opportunity in Latin America: new issue of MINE out now!" 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.
Yahoo
5 days ago
- Business
- Yahoo
3 Reasons Why Growth Investors Shouldn't Overlook Wheaton Precious Metals (WPM)
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks. Wheaton Precious Metals Corp. (WPM) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below: Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Wheaton Precious Metals is 6.3%, investors should actually focus on the projected growth. The company's EPS is expected to grow 50.9% this year, crushing the industry average, which calls for EPS growth of 40.7%. Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds. Right now, year-over-year cash flow growth for Wheaton Precious Metals is 18.6%, which is higher than many of its peers. In fact, the rate compares to the industry average of -1.8%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 11.7% over the past 3-5 years versus the industry average of 6.8%. Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for Wheaton Precious Metals have been revising upward. The Zacks Consensus Estimate for the current year has surged 1.2% over the past month. While the overall earnings estimate revisions have made Wheaton Precious Metals a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This combination positions Wheaton Precious Metals well for outperformance, so growth investors may want to bet on it. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Cision Canada
18-06-2025
- Business
- Cision Canada
Wheaton Precious Metals Announces Senior Management Promotions
VANCOUVER, BC, /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce key senior management promotions as the company positions itself for its next era of innovation and growth. The Company will appoint Haytham Hodaly, current Senior Vice President of Corporate Development, to President of the Company. In addition, Curt Bernardi, current Senior Vice President Legal and Strategic Development, will be promoted to Executive Vice President, Strategy and General Counsel. These changes will be effective June 30, 2025. Randy Smallwood remains the Chief Executive Officer at Wheaton. "Haytham and Curt have played a pivotal role in shaping Wheaton's success to date, and their well-deserved promotions reflect the strength of their leadership in establishing our sector leading growth profile", said Randy Smallwood, President & Chief Executive Officer. "As we enter a new phase of transformative growth, their leadership will be instrumental, and I look forward to continuing to lead the company while supporting our shared vision and the future that we will be building together." "I am truly honoured to step into the role of President and continue building on our remarkable legacy with Randy and the rest of the Wheaton team," said Haytham Hodaly, Incoming President. "Our strength lies in our exceptional team, a culture grounded in integrity and innovation, and a clear vision for the future. Randy and I look forward to continuing to work closely with our leadership team and Board as we build on our success and deliver lasting value to all of our stakeholders." In addition, the Company announces the following management appointments: Neil Burns, Vice President, Technical Services, to Vice President, Corporate Development, effective June 30, 2025; Tamara Howarth, Vice President, Legal to Vice President Legal and People; and Patrick Deutscher, formally with McCarthy Tétrault, who joins the company as Vice President, Legal Transactions. Mr. Hodaly joined Wheaton Precious Metals in 2012 and has played a pivotal role in executing over US$10 billion in streaming transactions, significantly enhancing the company's growth trajectory. Prior to his tenure at Wheaton, Mr. Hodaly was a Director and Mining Analyst at RBC Capital Markets, where he provided strategic insights to institutional clients globally. He also co-directed research at Salman Partners Inc., contributing to its establishment as a leading independent, resource-focused investment dealer. An engineer by training, Mr. Hodaly holds a Bachelor of Applied Science in Mining and Mineral Processing Engineering and a Master's degree in Engineering specializing in Mineral Economics, both from the University of British Columbia. Mr. Bernardi joined Wheaton Precious Metals in 2008 and has been instrumental in providing strategic direction and expertly structuring many of the Company's key streaming transactions. With a legal career spanning over three decades, he brings deep expertise in corporate finance, mergers and acquisitions, and governance. Prior to joining Wheaton, Mr. Bernardi held senior legal roles at Westcoast Energy, Duke Energy Gas Transmission, and Union Gas. He holds a Bachelor of Commerce from the University of British Columbia and a Bachelor of Law from the University of Toronto, and is a member of the Law Society of British Columbia. Mr. Burns joined Wheaton Precious Metals in 2008 and has played a key role in overseeing the Company's technical operations and project evaluations. With extensive experience in the mining industry, he brings a strong background in resource development and project management. Prior to joining Wheaton, Mr. Burns held senior positions at Lundin Mining Corporation, where he was exploration manager for Portugal and then moved into the Corporate Resource Geologist role where he was the qualified person responsible for resources across the organization. He holds a master's degree in mineral exploration from Queen's University and a Bachelor of Science degree from Dalhousie University and is a registered Professional Geologist with Engineers and Geoscientists British Columbia. Ms. Howarth joined Wheaton Precious Metals in 2013 and currently serves as Vice President, Legal. She has played a key role in strengthening the Company's legal and human resources functions, supporting Wheaton's strategic growth while fostering a high-performance and values-driven culture. With a background in both law and human capital management, she brings a unique combination of legal insight and organizational leadership. Prior to joining Wheaton, Ms. Howarth held senior legal roles that included human resources functions. She holds Bachelor of Laws and Bachelor of Arts (Honours) degrees from Queen's University and is a member of the Law Society of British Columbia and Ontario. Mr. Deutscher joins Wheaton Precious Metals as Vice President, Legal Transactions, where he is responsible for overseeing and guiding the Company's metal streaming transactions, as well as managing its existing assets from a legal perspective. Mr. Deutscher brings over 13 years of private practice experience to the role. Prior to joining Wheaton, he was a partner in the Business Law Group of McCarthy Tétrault LLP, where he specialized in domestic and international transactions within the mining sector, with particular expertise in metal streams, royalty financings and mining joint ventures. Mr. Deutscher holds a Juris Doctor degree from the University of British Columbia and a Bachelor of Science (with great distinction) from the University of Saskatchewan and is a member of the Law Society of British Columbia. About Wheaton Precious Metals Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming for all of its stakeholders.
Yahoo
18-06-2025
- Business
- Yahoo
If You Invested $1000 in Wheaton Precious Metals Corp. 10 Years Ago, This Is How Much You'd Have Now
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well. Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks. What if you'd invested in Wheaton Precious Metals Corp. (WPM) ten years ago? It may not have been easy to hold on to WPM for all that time, but if you did, how much would your investment be worth today? With that in mind, let's take a look at Wheaton Precious Metals Corp.'s main business drivers. Wheaton Precious Metals is one of the largest precious metal streaming companies in the world that generates its revenues from the sale of precious metals and company enters into purchase agreements ('PMPAs') to purchase the entireity or a portion of the precious metals or cobalt production from mines located across the globe for an upfront payment and an additional payment upon the delivery of the precious metal or cobalt. As of Dec. 31, 2024, Wheaton Precious Metals holds 38 long-term agreements, comprising 30 precious metal purchase deals, 3 early deposit agreements, and 5 royalties, spanning 18 operating mines, 23 development projects, and 4 mines which are closed or in care-and-maintenance. Following the PMPAs, Wheaton acquires metal production from the counterparties for an initial upfront payment plus an additional cash payment for each ounce or pound delivered that is fixed by contract, generally at or below the prevailing market price. The company's production profile is driven by the volume of metal production at its various mining assets. The primary drivers of the company's financial results are the volume of metal production at the various mines to which the PMPAs relate and the price realized by Wheaton upon the sale of the metals received. The company offers investors leverage to increasing precious metals prices, a sustainable dividend payout as well as organic and acquisition growth opportunities. Wheaton's operating costs are contractually set at the time the stream is entered into, which enables investors to benefit from cost predictability and strong margin growth amid rising metal prices. Wheaton is focused on adding additional production capacity from high-quality accretive metals. Its business model focuses on reducing risk while leveraging higher commodity prices. The company continues to add streams which bring immediate production, as well as medium and longer-term growth to its robust portfolio of assets. While anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Wheaton Precious Metals Corp. ten years ago, you're probably feeling pretty good about your investment today. A $1000 investment made in June 2015 would be worth $5,002.18, or a gain of 400.22%, as of June 17, 2025, according to our calculations. This return excludes dividends but includes price appreciation. Compare this to the S&P 500's rally of 187.80% and gold's return of 173.85% over the same time frame. Analysts are forecasting more upside for WPM too. Wheaton Precious Metals is poised to gain from its diversified portfolio of high-quality and long-life assets. The company continues to add streams, which lead to immediate production, as well as medium and long-term growth, to its portfolio of assets. Its debt-free balance sheet will enable further acquisitions. Even though the company has been bearing the brunt of the suspension of operations at the Minto mine and the temporary halting of production at Aljustrel, this will be offset by growth from operating assets, including Salobo, Antamina, Peñasquito, Voisey's Bay and Marmato. It expects production to increase 40% over the next five years and be more than 870,000 GEOs by 2029, aided by contributions from assets, including Salobo, Antamina, Peñasquito, Voisey's Bay and Marmato mines. Estimates have lately moved north. The stock has jumped 17.06% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 9 higher, for fiscal 2025; the consensus estimate has moved up as well. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
