WPM

Wheaton Precious Metals Corp.

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.