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).
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!