Editing Wheaton Precious Metals
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=== New stream acquisitions add value === | === New stream acquisitions add value === | ||
Since December 2021, WPM has invested US$930m in four mineral streams (Goose, Curipamba, Marathon and Blackwater), which Edison Investment Research estimates will increase | Since December 2021, WPM has invested US$930m in four mineral streams (Goose, Curipamba, Marathon and Blackwater), which Edison Investment Research estimates will increase its production profile by an average 101.9koz gold equivalent in the period FY25–31 (at Edison prices), with the possibility of adding a further 5.9koz gold pa for a US$50m investment via a non-binding agreement that it has with Rio2 regarding the Fenix project in Chile. As a result, Edison Investment Research projects that WPM’s production profile will increase from 710.2koz AuE in FY22 to 935.4koz AuE in FY26 (at standardised prices), with additional upside potential available from projects such as Pascua-Lama, Navidad and Toroparu. Within this context, WPM has also recently published its third annual sustainability report outlining how it will achieve net zero carbon emissions by 2050, alongside other long-established goals. | ||
=== Valuation: >US$50/share coming into focus === | === Valuation: >US$50/share coming into focus === |