Wheaton Precious Metals Corporation A $100.00 Streamer
Saturday, September 7, 2019 at 09:06PM
Gold Prices

Preamble

As a speculator I traded in and out of Wheaton Precious Metals Corporation (WPM) for many years via the stock itself and also through a number of options trades. We first covered this company in a post entitled Silver Wheaton on Tuesday, 11th July 2006, and have penned over 80 articles since then as we were very active traders throughout the bull phase of the precious metals market.

Wheaton Precious Metals Corporation

Formally known as Silver Wheaton Corp back in the day when it focused solely on streaming silver, it is now a household name in the ‘streamer’ category and derives its income primarily from gold.

Wheaton Precious Metals is one of the largest precious metals streaming companies on the NYSE and currently has streaming agreements for 19 operating mines and 9 development stage projects. It should be noted that having paid an upfront fee many of these streams are for as much as 50 years or the life of the mine. These contracts ensure that there should be a continuous supply of product for the company to sell. The lion’s share of these operations are located in Canada, the United States and South America, so baring a revolution they should continue to operate.

The company has a market capitalization of $13.765B and is managed by a staff of only 40 employees which is a considerable achievement. A large mining company of a similar size would need many thousands of employees in order to sustain a market capitalization of that size. In terms of liquidity the..

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