A precious metals streaming company that doesn't dig a single mine: Wheaton Precious Metals pays mining companies upfront cash for the right to buy a share of their future gold, silver, palladium, platinum, and cobalt production at a fixed price, then sells those metals on the open market. Founded in 2004 as Silver Wheaton by veterans of Wheaton River Minerals, it was renamed in 2017 after its portfolio grew beyond silver. The "Wheaton" name carries over from that original mining firm, though the company itself has never operated a mine.
Wheaton Precious Metals files interim financial report for Q2 2026
The filing is an interim financial report for the six months ended June 30, 2026, and includes details on the company's precious metals streaming and royalty interests.
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The report details numerous gold and silver stream agreements, including dropdown thresholds that reduce Wheaton's attributable metal percentages after certain delivery milestones.
Specific dropdown thresholds are provided for streams such as Blackwater, Platreef, Marmato, Santo Domingo, and others, with gold and silver percentage reductions tied to ounces received.
The report also describes royalty agreements, including a $3 million payment for a net smelter return royalty on the first 600,000 ounces of gold at Brewery Creek, with a potential reduction to 2.125% upon a Cdn$2 million payment.
The filing includes financial data for the periods ended June 30, 2026 and 2025, with exchange rates and share-based compensation details.
Wheaton Precious Metals named to Corporate Knights' 2026 Best 50 Corporate Citizens in Canada, ranking 13th
The recognition is based on a transparent, data-driven methodology assessing over 350 large companies, focusing on revenue tied to sustainable activities.
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Wheaton Precious Metals Corp. announced on June 23, 2026, that it ranked 13th overall in Corporate Knights' 2026 Best 50 Corporate Citizens in Canada.
President and CEO Haytham Hodaly attributed the recognition to disciplined capital allocation and partnerships with responsible mine operators.
Earlier in 2026, Wheaton was also named to Corporate Knights' global 100 most sustainable corporations list.
Wheaton is a precious metals streaming company listed on the TSX, NYSE, and LSE under the symbol WPM.
Wheaton Precious Metals launches third annual $1 million Future of Mining Challenge
The 2026/2027 Future of Mining Challenge will award US$1 million to a cleantech venture with technology that strengthens orebody knowledge or improves extraction methods.
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Expressions of interest are due by 11:59 p.m. Pacific Time on August 21, 2026, with select ventures invited to submit full applications in September 2026.
The winner will be announced in March 2027 during the PDAC Convention in Toronto.
Wheaton is collaborating with the University of British Columbia's Sauder School of Business on the challenge.
The 2025/2026 challenge focused on sustainable water management and was won by Cetos Water, which received US$1 million.