Latest news with #WheatonPreciousMetals
Cision Canada
a day ago
- 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
2 days ago
- 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
Forbes
12-06-2025
- Business
- Forbes
What's Happening With WPM Stock?
POLAND - 2024/12/17: In this photo illustration, the Wheaton Precious Metals company logo is seen ... More displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images) If you're interested in gold and silver stocks but prefer to avoid the complications of mining companies exceeding budgets or encountering barren sites—Wheaton Precious Metals stock (NYSE: WPM) could be just the stock for you. Wheaton is not your ordinary mining company. They don't extract the gold and silver themselves. Instead, they operate on a model known as 'streaming.' Essentially, they provide financing to mining companies and, in exchange, receive the rights to purchase gold, silver, or other metals at significantly reduced prices for decades. It's akin to having exclusive access to the metals market without any mess! The year 2025 has begun with strong momentum. The company exceeded expectations in Q1—revenues surged nearly 60% compared to the previous year. And they don't plan to slow down. WPM anticipates increasing metal production by 40% over the next 5 years. This is due to new projects coming online and some existing ones resuming operations. The company's profit margins are exceptionally robust—current operating margins hover around 60%. Additionally, the company boasts a solid cash reserve of $1.1 billion, giving its balance sheet a healthy appearance. Gold and silver prices are soaring—and this is advantageous for WPM. Unlike conventional miners, they don't worry about fluctuating fuel prices or labor strikes at mines. They have long-term agreements with reputable miners, ensuring solid future production. For investors seeking potential gains with less volatility, the High Quality portfolio has consistently outperformed the S&P 500, providing over 91% returns since its inception. Even though WPM employs a streaming model, its cash flows remain linked to gold and silver prices. A prolonged decrease in precious metals could reduce its royalty income. WPM's performance hinges on that of the miners. Any operational issues or geopolitical/regulatory disruptions at partner mines could affect expected deliveries or lead to renegotiation of favorable terms. It is currently trading close to its all-time highs, so the potential for further upside in the short term may be limited. See Buy or Fear WPM Stock. WPM presents a smart, lower-risk method to invest in gold and silver without owning a conventional mining company. The company remains fundamentally robust: high margins, low debt, appealing cash flow, and diversified income streams. Supported by a billion-dollar cash reserve and consistent dividends, WPM is a noteworthy choice for investors optimistic about precious metals. Check out our analysis of Wheaton Precious Metals revenue for additional insights into the company's business model and primary revenue sources. While WPM is a strong stock, if you are looking for even lower volatility while still enjoying the upside, consider the High Quality portfolio, which has outperformed the S&P 500, delivering returns exceeding 91% since inception.
Forbes
05-06-2025
- Business
- Forbes
What's Behind Newmont Mining's 44% Surge?
CANADA - 2025/03/23: In this photo illustration, the Newmont Mining Corporation logo is seen ... More displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Newmont (NYSE:NEM)'s stock has experienced quite a bit of volatility this year. It began the year on a weak note, primarily impacted by declining gold prices and concerns regarding costs and production delays. However, things started to improve as gold prices surged—thanks to global uncertainty and increased purchases by central banks. Thus far in 2025, NEM has made a solid recovery, regaining a significant portion of its previous losses. Although it isn't breaking records, it's now in a more favorable position than it was at the beginning of the year, with a year-to-date gain of 44%. The movement in Newmont's stock price aligns with that of its peers, which include Wheaton Precious Metals (NYSE:WPM) that has risen 58% and Barrick Gold (NYSE: B) that has increased by 20% in the same timeframe. Newmont Corporation's stock has seen a recent increase due to a variety of factors. Gold prices have surged nearly 30% year-to-date, recently exceeding $3,500 per ounce. This surge is driven by global economic uncertainties, such as a U.S. trade conflict with China and political tensions surrounding Federal Reserve policy. As a major gold producer, Newmont directly benefits from higher gold prices, which enhance its revenues and profitability. Buy or Sell NEM. In 2023, Newmont finalized the acquisition of Newcrest Mining, developing an industry-leading portfolio with a long-term gold and copper production profile. The integration of Newcrest is anticipated to provide significant value to shareholders, with estimated pre-tax benefits of $500 million annually by the end of 2025. Furthermore, Newmont has been selling non-core assets, generating substantial proceeds to bolster its primary operations and financial standing. Additionally, for investors seeking potential returns with reduced volatility, the High Quality portfolio has comfortably outperformed the S&P 500, providing over 91% returns since its inception. Part of the increase observed in the last five months can be attributed to strong performance in the first quarter of 2025, propelled by soaring gold prices and strategic asset management. Revenue reached $5.01 billion, exceeding expectations by nearly $440 million. Adjusted EPS was recorded at $1.25, surpassing the consensus estimate of $0.71. Although Newmont has experienced significant revenue growth since 2021, its price-to-sales (PS) multiple has declined, dropping from 3.6x in 2021 to 2.2x in 2024. While the current PS is now 3.2x, there is potential for upside when comparing the current PS to historic levels: 3.6x at the close of 2020 and 2021. In Q1 2025, Newmont reported impressive financial results, driven by record-setting gold prices and effective portfolio optimization. The company announced adjusted EPS of $1.25, significantly exceeding analyst expectations, and revenue of $5.01 billion, which was supported by an average realized gold price of $2,944 per ounce. While gold production declined by 8% year-over-year to 1.5 million ounces, primarily due to divestitures of non-core assets, the company still achieved strong profitability, reporting $2.6 billion in adjusted EBITDA and $1.2 billion in free cash flow. Newmont successfully executed key divestitures—such as the Éléonore and Akyem mines—raising over $2.5 billion in proceeds and reducing its long-term debt by $1 billion. Additionally, it returned $1 billion to shareholders through dividends and buybacks. This strong performance reaffirmed confidence in Newmont's guidance for 2025 and supported the stock's recent upward trend. We currently estimate Newmont's valuation to be approximately $60 per share, about 8% above the current market price. Focusing on valuation in addition to growth is just one of the several strategies we utilize when constructing Trefis High Quality (HQ) Portfolio which, comprising a selection of 30 stocks, has shown a history of consistently outperforming the S&P 500 over the previous 4-year period. Why is that? As a group, HQ Portfolio stocks delivered superior returns with lower risk compared to the benchmark index; providing a smoother ride, as indicated in the HQ Portfolio performance metrics.
Globe and Mail
02-06-2025
- Business
- Globe and Mail
Lumina Gold Announces US$6.0 Million Wheaton Precious Draw
VANCOUVER, BC , Dec. 2, 2024 /CNW/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF) (the "Company" or "Lumina") is pleased to announce that under the previously announced US$300 million precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly owned subsidiary of Wheaton Precious Metals Corp., the Company has drawn an additional installment of US$6.0 million . The Company has now drawn US$44.9 million and can draw up to an additional US$3.1 million for specific pre-construction capital items. Investor Relations The Company is also pleased to announce that it has retained Oak Hill Financial Inc. ("Oak Hill") to provide investor relations services at a rate of C$10,000 per month for an initial three-month term beginning in January 2025 , then continuing month to month at the Company's election. Oak Hill will help Lumina to effectively communicate its latest corporate milestones with potential new investors, and further engage with the investment community on behalf of the Company. Oak Hill is an arms-length party to the Company and does not currently hold any interest in the securities of the Company (either directly or indirectly) nor does it hold any rights or options to acquire such an interest. Oak Hill is a leading Canadian investor marketing and distribution and corporate advisory firm, based in Ontario , focused on IIROC retail brokerage networks, servicing both asset managers and public companies. Oak Hill's experienced team of former asset management wholesalers, research analysts and capital market professionals specialize in building credibility for their clients to a network of over 10,000 Canadian IIROC retail brokers and over 300 North American funds. About Lumina Gold Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects. Follow us on: Twitter, Linkedin or Facebook. Further details are available on the Company's website at To receive future news releases please sign up at LUMINA GOLD CORP. Marshall Koval , President & CEO, Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the Company's ability to draw up to an additional US$3.1 million for specific pre-construction capital items, the Company's engagement of Oak Hill and the services to be provided . Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about: the Company's ability to meet its obligations under the PMPA; general business and economic conditions; the prices of gold and copper; and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
