Wheaton CEO Randy Smallwood: Gold streaming model delivers upside with less risk

Company Overview & Strategy - Wheaton Precious Metals focuses on delivering profitable precious metals production to shareholders [2] - The company created the streaming business model 21 years ago to reduce risk in traditional mining investments while retaining upside potential [2] - Wheaton is a financing company that supplies capital to the mining industry in exchange for access to byproduct production, primarily gold and silver [4] - The company has 42 employees [4] Investment & Risk Management - Wheaton focuses on the technical aspects of investments, particularly the main commodities produced by the mines [7] - The company prioritizes investments in assets within the bottom half (lower quartiles) of the respective cost curves to ensure profitability even during low price times [7][8] - Wheaton assesses where a copper mine fits on the worldwide copper cost curve before investing [8] Production & Sourcing - The bulk of Wheaton's production comes as a byproduct, particularly gold from copper mines [5] - The company focuses purely on precious metals [5]