Wheaton Precious Metals Corp. (WPM)

Wheaton Precious Metals Corp. is a leading precious metals streaming company founded in 2004. Based in Vancouver, Canada, the company has carved out a distinct niche in the mining industry by providing upfront capital to mining operations in exchange for the right to purchase a percentage of their future metal production at a fixed, lower price. This innovative business model allows Wheaton to offer shareholders exposure to the price movements of precious metals without the risks and costs associated with direct mining operations. As of mid-2023, Randy Smallwood serves as the President and CEO, overseeing the company's growth and strategic initiatives. Wheaton Precious Metals has established a diverse portfolio, with streaming agreements that include gold, silver, and palladium—some of the most sought-after commodities in the sector. The company's operations are distinguished by stable cash flows and a strong financial performance, highlighted by impressive annual revenues, which reinforce its reputation as a solid investment within the precious metals industry.