Wheaton Precious Metals – Growth Plans, Streaming Advantages & What To Expect In 2025
Cory
April 27, 2025
Randy Smallwood, President and CEO of Wheaton Precious Metals (TSX | NYSE | LSE: WPM), outlines the company’s multi-year growth strategy and discusses how the streaming model is uniquely positioned to thrive in today’s precious metals market.
Randy shares how Wheaton is entering a major growth cycle, targeting a 60% increase in production by 2031, supported by a robust balance sheet ($829M in cash, no debt) and four new mines beginning deliveries in 2025.
Key topics include:
- Flagship Asset Growth: Updates on Salobo Phase 3 and Antamina, both poised for higher-grade output.
- New Production in 2025: Blackwater (Artemis Gold), Goose (B2Gold), Mineral Park, and Platreef (Ivanhoe Mines).
- Strategic Leverage: The benefits of streaming over royalty models – especially in a rising gold price environment.
- Montage Gold Case Study: How a 100% stream-financed model could reshape single-asset project development.
- Jurisdiction & ESG Strategy: How Wheaton manages political and community risks, while recently expanding selectively into Africa.
- Investor Sentiment: Rising interest from generalist funds and Western retail investors, especially in silver exposure (~40% of WPM’s revenue).
Company Interviews
Gold stocks
Market Commentary
Randy Smallwood
Royalty Companies
Streaming Companies
Wheaton Precious Metals
Discussion
3 Comments
13 hours ago
11 hours ago
The year is 1968, The song is “It’s a Beautiful Morning” The Rascals, it doesn’t get much better. DT
7 hours ago
A year later, before Altamont, Haight-Ashbury Frisco. BDC
https://www.youtube.com/watch?v=ylMaRaYc6mM
Thanks for this interview about the biggest holding in my portfolio. I started buying Silver Wheaton below 10 long ago, and my huge gains in Wheaton dwarf my big losses in NSRPF, ESKYF. BBBXF, IRVRF, LOMLF, NFGC, WHGOF, FFOXF, NULGF, and VGZ. Hooray for WPM, FNV, RGLD, OR, and SAND. Quien es mas macho, Randy Smallwood o Pierre Lassonde?