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Wheaton Precious Metals Corp.

Company Detail

Description

Wheaton Precious Metals Corp., named Silver Wheaton Corp. until 2017, is a Canadian company founded in 2004 which is focused on the acquisition of precious metal properties and assets, mainly gold and silver; which owns long-term or lifelong mining production contracts in Mexico, Peru, Argentina, Chile and Brazil; including the mines San Dimas, Los Filos, Peñasquito, Cozamin in Mexico; Yauliyacu, Lagunas Norte, Pierina, Constancia Silver, Constancia Gold, Antamina and Cotabambas in Peru; the project Navidad and Veladero in Argentina; Pascua-Lama in Chile/Argentina; and Salobo I, II and III in Brazil. In 2009, Wheaton Precious Metals acquired the Canadian firm Silverstone Resources Corp., obtaining shares in the Cozamin mine in Mexico, among others. In 2018, its subsidiary Wheaton Precious Metals International Ltd. (Silver Wheaton (Caymans) Ltd. until 2017) accepted a purchase agreement over the San Dimas mine, which produces 5.4Moz of gold a year and will produce 40-45 thousand annual ounces of gold in the next five years.

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