Wheaton Precious Metals Corp

Host Darrell Thomas calls Wheaton Precious Metals one of his biggest holdings, citing its Peru operations and the Antimena mine as his exposure to a Latin American mining recovery.
Lyn Alden never addresses Wheaton directly; her related answer stays regional, arguing Latin American markets are under-owned, long past rock bottom and in a recovery phase with high positive real yields.

Bonds are in a structural bear market, Lyn Alden argues: flat yields end the tailwind, so returns shrink to the coupon while financial repression persists. She argues the US sovereign debt crisis is already underway — a slow series of mini crises and stagnation, not one dramatic blow-up moment. She reads central bank gold buying as a durable shift toward a multipolar world built on neutral reserve assets — scarce collateral no single nation controls. She sees a long-term commodity bull market from reshoring and AI's physical build-out, but says mining's easy upside is gone and leaves it to professionals. Instead of junior miners, she plays commodities through her edge — commodity-levered Latin American banks held unhedged — and thinks Bitcoin's bottom is likely in.

Luca Mining – 2 Recent Acquisitions Transform The Company Across Its Production Profile & Valuation

4 days ago 27:40

Key Highlights

The CEO says Wheaton Precious Metals is putting $50 million into the financing, half of it ($25 million) as pure equity, which he calls rare for Wheaton.
He explains Wheaton already holds a stream on half of Cozamin's silver, so its equity investment increases the value of that underlying stream as Luca grows the asset.

Luca Mining's $290 million acquisition of the Cozamin copper-silver mine from Capstone Copper more than doubles near-term production and cash flow. Guest argues Cozamin's AISC (All-In Sustaining Cost — the full cost to produce a pound or ounce) is under $2, leaving several dollars of margin per pound of copper. A second deal buys Agnico Eagle's El Barqueño project in Jalisco for $10 million upfront, adding a low-risk gold-silver development asset. Blue-chip financiers including Wheaton, Macquarie, Taurus, National Bank and a 19.9% strategic investor back the transactions. Guest contends Luca trades near half fair value, with Cozamin cash flow from November 1 funding exploration, development and possible shareholder returns.

This Gold Mine Is Worth $2.4 Billion With Just 2 Ounces Per Truckload - Liberty Gold

The Deep Dive

6 days ago 12:59

Key Highlights

Wheaton Precious Metals holds the Black Pine royalty (just 0.25% once Liberty exercises its buyback) plus a 3.6% equity stake in Liberty Gold.
Wheaton has right of first refusal on any royalty sale Liberty Gold pursues to help fund the roughly $400 million build, which constrains that non-dilutive financing option.

Very low-grade ore can still pay: Black Pine skips the mill entirely, heap-leaching 0.29 g/t rock straight onto a pad to keep costs low. The $2.4 billion headline NPV is mostly a higher gold price — at constant prices, the study's value sits within about 6% of 2024's. All-in sustaining cost (AISC — the full cost to produce an ounce) of $1,566 sits high among peers, so a falling gold price bites harder. Permitting and funding remain the gates: the permitted plan is smaller than the study's, and $411 million is still to raise, perhaps via royalty. A 70% recovery assumption from uncrushed rock still awaits large column test confirmation, though Pegasus Gold leached the same rock for seven years.

Elemental Royalty Corp – US$290 Million Acquisition of 5 Streams & Royalties, Generation Divestment

6 days ago 29:23

Key Highlights

Bell points to Gary Brown, the former CFO of Wheaton Precious Metals, sitting on Silverco's board as part of a management and board group he considers impressive.

Elemental Royalty buys five gold and silver streams and royalties for US$290 million, adding scale, producing assets, and North American and West African exposure. The Kouroussa stream sits over the mine's mill, so future ore from any new licenses Mansa consolidates automatically pays Elemental. Spinning the Generation exploration business into Carlin East trims staff from about 45 to 20 and cuts G&A (overhead costs) by over 25%. Gold-equivalent ounce (GEO — production stated in gold terms) revenue is guided from about 20,000 ounces this year toward 50,000 by 2031. Portfolio quality is compounding: the average value of Elemental's top eight assets climbed from roughly $35 million to about $170 million in 15 months.

Gold Royalty: $100m FCF Targeted by 2030 at Spot

Mining Network

12 days ago 25:16

Key Highlights

Griffith says Wheaton's stream transaction with BHP on the asset the transcript calls 'Intermina' shook the industry positively, sweeping away skepticism among large companies about using streams and royalties as a financing tool.
He credits the deal with catching the attention of Australian companies - historically a much more skeptical market - who are now much more open to royalties and streams.

Gold Royalty targets 28,000-34,000 gold equivalent ounces by 2030 — a six-fold rise — with 70% of that growth already permitted and built. The president projects about $100 million of free cash flow by 2030 at spot prices against flat G&A near $8 million and no debt. Growth is spread across Cote, REN, Vares, Borborema and Agnico's Odyssey, so no single asset carries the ramp and geopolitical risk stays low. The Vares copper stream reached commercial production under DPM Metals after a six-month mine-plan pause and could soon make copper a quarter of revenue. About $200 million of debt-free dry powder supports busy deal flow, while a sustainable, growable dividend is under internal discussion ahead of buybacks.

Gold and Silver Are Setting Up for a “Meteoric” Move, Michael Oliver Warns | Sprott Money

Sprott Money

13 days ago 31:50

Key Highlights

Adam Taggart | Thoughtful Money®

Oliver notes Wheaton Precious Metals, the comparable silver blue chip, rallied back to its highs in the August rebound even though silver's own price rally was only modest.
He cites Wheaton, alongside Newmont, as the blue chips that large funds bought first when they began moving into miners, since many funds cannot buy bullion directly.

Gold miners broke a 12-year valuation range versus gold; the guest argues big asset managers are rotating in, starting with Newmont and Wheaton. The guest says silver's 8-month, 50% correction mirrors 2008's, after which silver quintupled while gold merely tripled; this pullback looks exhausted. Western governments face debt crises with only one exit, printing money, and the guest calls that ongoing debasement the driver of higher gold. Ratio math puts $8,000 gold at a mere repeat of past 8-fold bull waves, and about $500 silver just matching its old range. Several major banks sit on momentum structure one weak quarter-end close from breaking down, shades of 2007-08, which would push the Fed to print.

Luquman Shaheen of Panoro Minerals Ltd talks to Joe Mazumdar | Metals Investor Forum Sept. 2026

Metals Investor Forum

18 days ago 13:29

Panoro Minerals' Cotabambas now has a 222Mt high-grade core at 1.2% CuEq and strip ratio below one, enabling a smaller 30,000 t/d starter operation. Infill drilling grew the resource from 700Mt to a billion tons and defined a high-grade zone running from surface, reshaping project economics. Over a decade-plus of agreements with agrarian communities, private landowners, and the Cotabambas municipality underpin permitting where local consent is the main bottleneck. Dry-stack tailings, hydroelectric power from Abancay, and Apurimac River water access de-risk a future PFS expected by end of 2027. A 45,000-metre drill program (15,000m on new western targets) plus metallurgy work feed a resource update, PEA, and PFS through 2027.

We Must Not Abandon Capitalism For Socialism | Jonathan Wellum

21 days ago 1:15:41

Guest Jonathan Wellum argues Western capitalism needs repair rather than replacement, warning that socialism carries a 100% historical failure rate. Canada's Saskatchewan holds vast potash (a key fertilizer mineral) and uranium, giving it bargaining power the guest says Trump's Belarus threat ignores. Slow permits, high financing costs, and carbon taxes drove capital out of Canadian resources, which the guest blames for the country's stagnant growth. The guest pairs growth stocks with gold, silver, copper, and uranium so portfolios survive both an AI boom and debt-fueled debasement. With US interest costs nearing a quarter of federal revenue, he urges staying invested and disciplined rather than hiding in cash.

Why SILVER Miners Are Set To Outperform - Major Returns Ahead: Rick Rule

Commodity Culture

26 days ago 42:49

Key Highlights

detailed

The speaker says Wheaton Precious Metals is up about 30% since he recommended it on the show as a 'gift from God'-priced gold miner.
He argues WPM remains undervalued at current levels even after that rally.
He criticizes the SIL silver ETF for being heavily weighted toward WPM, a name he does not really understand being treated as a silver play.
He uses WPM, along with AEM and FNV, as one of three anchor names investors should use to construct a high-quality precious metals defense.

Silver mining stocks offer a better risk-to-reward than the metal itself at today's prices; silver is no longer a contrarian play. The 1970s saw silver up roughly 50-fold and the gold-and-silver index up 49-fold; Rule frames current miners as comparably cheap if dollar debasement persists. The Fed's expected 25bp hike still pulls money into the USD short-term, but Rule expects the dollar to lose ~75% of purchasing power over the decade. Rick remains bullish on uranium: term-contract pricing and tight supply mean Cameco and peers can finance new mines even at $90 spot.

Lab Report | Sep 16 Deep Dives on Generation, Contango, Goliath, Sterling, and New Found Gold

CEO.CA

27 days ago 57:22

Key Highlights

Wheaton is named alongside the Canada Growth Fund and Glencore Canada as committing about $100M of the $200M bought-deal financing for Gen Mining's Marathon project.
Gen Mining's CFO said the package could not have been assembled without the support of CGF, CIB, Wheaton and Glencore, which Laboucan reads as the private-sector anchor behind a government-backed financing.

Generation Mining closed roughly $340 million of final funding for its Ontario copper-palladium project, with Glencore buying the concentrate for domestic processing. Contango's 2026 drilling sits outside its resource update, so connecting the Torbret and North Star silver zones would add unpriced ounces. About 90% of Goliath's Sherbet drill holes returned visible gold, a footprint Laboucan reads as a candidate tier-one high-grade system. New Found Gold cleared commercial production at Hammerdown in Newfoundland on throughput, recovery, and head-grade tests sustained for 60 days. Sterling's 0.81% copper-equivalent core (all metals priced as copper) near Batchawanna Bay matters now that copper trades near $6.50 a pound.

Element 29 - Advancing the Flagship Elida Copper-Moly Porphyry Project in Peru: Drilling Underway

27 days ago 21:02

Key Highlights

The host notes recent news that Randy Smallwood and George Brack, both from Wheaton Precious Metals, may join Element 29's board of directors at the next AGM.
Osmond adds that Randy Smallwood was the lead order on Element 29's last financing, with Ross Beatty investing alongside him.

Element 29's Elida copper project in Peru holds a 322-million-tonne resource with an unusually low 0.74:1 strip ratio (waste rock per ore tonne). CEO Richard Osmond argues low elevation, paved highways, grid power, and a short drive to ports de-risk Andean mining. A fully funded 12,000-metre, three-rig campaign aims to double the pit-constrained resource ahead of an updated estimate and PEA (mine economics study). About $47 million raised this year, anchored by Alpayana's 9.9% stake, funds drilling now and a preliminary economic assessment later. Earlier-stage Flor de Cobre and Paka projects add southern Peru discovery upside, with environmental permits and community access advancing.

Dave Erfle - Key Price Levels To Watch For Gold, GDX, GDXJ & Silver

28 days ago 20:11

Key Highlights

The guest calls Wheaton Precious Metals the leading silver major, pointing out it has already reclaimed its late-March all-time highs while GDX has not come close to its own.
He treats Wheaton's leadership as evidence that silver stocks are not flashing the relative weakness that would make him more cautious on the sector.

Key weekly-close supports to watch: GDXJ 110, GDX 85, gold $4,200, silver $60 — closing below would undercut the bullish case. Miners are holding up better than the metal itself: GDX and GDXJ jumped 32% in August on a 10% gold move, a sign of accumulation. Gold has historically rallied through Fed rate-hiking cycles — the 1970s, 2015–16, and 2022–25 all delivered gains as rates rose. Rising global bond yields, a $40T US debt load, and heavy central-bank gold buying are driving a structural rotation out of Treasuries into gold. Conference season — Beaver Creek and the Denver Gold Forum — could spark fresh M&A announcements and finally pull junior miners off the sidelines.

Nick Campbell: This Could Be The Next Billion Tonne District

VRIC Media

about 1 month ago 21:08

Key Highlights

The speaker mentions that Hatham-Hoadley, his early mentor at a boutique brokerage, is now president of Wheaton.

A 55,000-metre systematic drill program is finally testing the historic Greenwood Copper-Gold District in BC for scale across three targets. Three main zones — Phoenix South, JD Golden Crown, and Lexington — could together host a billion-tonne district at high grades. Existing roads, rail, power, a permitted mill, and tailings storage save roughly a couple hundred million dollars of development capex. Phoenix is fully funded with $50M cash for a two-year exploration program, giving investors two years of news flow without dilution. First Lexington drill results are expected in October, with Phoenix target results in November — assays take roughly six weeks.

SILVER 'Won't Stop' at $500, Shorts Will 'Get Killed': Michael Oliver

Commodity Culture

about 1 month ago 41:40

Key Highlights

detailed

Oliver describes Wheaton as the biggest-cap silver miner and one of the largest royalty streamers, and says it returned to highs "in a heartbeat" after the August 5th turn-up while gold only got halfway back.
He points out Wheaton is currently congesting right below its highs instead of pulling back.
He groups Wheaton with Newmont as the two large "blue chip" miners attracting institutional money that is rotating out of stocks and bonds.
He suggests the rotation is early and that a fresh breakout could pull in additional large fund managers.

Silver's pullback from its August 5th breakout looks like a pause — Oliver expects a push back over $70 to resume the uptrend. Silver faces a structural supply-demand deficit and just exited a 10-year relative-value box vs. gold — revisiting the 1980 ratio implies a multi-fold move. The gold miners/gold ratio (XAU) just broke a 12-year compression band; even revisiting the old 18% low would double miners' value against gold. Oliver ties the next leg in precious metals to a sovereign T-bond crisis — money-supply growth and looming central-bank monetization are the real driver. Crude trades cheap against money supply and the Bloomberg Commodity Index; the broader commodity complex is finally joining gold's uptrend.

SILVER Manipulators Failing - Move Back to $120 Will Be 'Very Quick': Mario Innecco

Commodity Culture

about 1 month ago 38:45

Key Highlights

The host names Wheaton as one of the major royalty and streaming companies that have appreciated but remain undervalued versus the underlying metals.
Wheaton is implicitly endorsed by the guest's broader positive stance on the major and royalty-style names, even though he names a different private royalty company ('Chancery Royalty') as his personal holding.

Mario Innecco reads silver's defense of the $70 level by paper markets as a delaying action, expecting the next leg back to $120 to be fast. He flags the persistent Basel III tier-one narrative and a roughly 12% Shanghai silver premium as evidence that physical demand is outrunning paper selling. The guest argues a US Treasury gold revaluation, last done in 1973, would add balance-sheet liquidity but would debase the dollar against real goods. He calls mining equities undervalued versus gold and broad stocks, yet recommends keeping most savings in physical metal and using miners as a smaller speculative sleeve. He warns that tungsten supply is roughly 85% controlled by China and North Korea, a Western vulnerability now drawing UK government investment in domestic projects.

Gold Should Be $9,000 Right Now | David Garofalo

The Deep Dive

Key Highlights

Garofalo points to Wheaton Precious Metals' recent ~$4 billion Antamina streaming deal — the largest by an order of magnitude yet under 5% of Wheaton's market cap — as evidence that senior streamers are too large for new deals to move the needle.

Gold Royalty CEO David Garofalo argues currency debasement will double gold within a year, citing M2 money supply correlation near $9,000 fair value. Mining reserves have fallen roughly 40% from the 2012 peak despite record prices, as junior underfunding starved the industry of new ounces. Royalty models capture gold price leverage at the top line, dodging the cost inflation and labor settlements squeezing producing miners. Tether has accumulated a passive 14% stake in GROY through public market buys, joining Versamet, Metalla, and Elemental among royalty peers. Garofalo says AI data mining of historic technical reports is the most promising near term efficiency gain in generative exploration.

Rio2: Condestable Expansion Approved, Fenix on Track for 100koz in 2027

Mining Network

Key Highlights

Holds a 95,000 oz gold prepay on Rio2's Phoenix Gold deliverable over roughly 7 years, with 8,000 oz due in 2026 and ~2,500 oz already paid
The prepay was struck when gold was less than half of current levels, making it valuable to Wheaton and costly to Rio2, which is exploring a buy-out or restructuring with Canadian banks

Super El Nino disrupted Fenix Gold first-year heap-leach ramp-up, prompting Rio2 to pull 2026 gold guidance rather than chase unattainable numbers. Wheaton gold prepay (95,000 oz over 7 years) is Rio2 main balance-sheet drag - they plan to retire it via senior debt once AISC hits ~$2,000/oz. Condestable copper mine (EIA-approved expansion to 10,000 tpd, FID targeted H2 2026, sub-$50M capex) adds a steady-state cash engine to a one-asset junior. Fenix targets 20,000 tpd throughput and ~100,000 oz by 2027 at AISC ~$2,000/oz - the spread against todays gold price drives meaningful free cash flow. Alex Black long-term vision is a lean, three-mine LatAm gold-copper producer - small Lima team and no Canadian HQ make Rio2 an attractive eventual takeover target.

How Economic Geologist Neil Adshead Evaluates Early-Stage Junior Mining Stocks

MiningStockEducation.com

Key Highlights

Neil names Wheaton as part of the streamer/royalty cohort he expects to lead financing for billion-dollar copper projects, with debt and equity following afterward.

Economic geologist Neil Adshead argues great exploration geologists follow and clearly communicate a disciplined exploration process. Adshead says junior miners need workflow 'hooks' in JV deals so the earn-in partner cannot warehouse the project. For billion-dollar copper capex projects, Adshead says payback period — not headline capex — drives acquirer and investor interest. Adshead flags useful external infrastructure (water, power, roads, town access) as disproportionately important for lower-grade base metals. On portfolio discipline, Adshead urges investors to pause new buying for a month after a big win so emotions can fade.

Live Q&A with Rick Rule and Albert Lu

Rule Investment Media

Key Highlights

Rule recommends Wheaton Precious Metals alongside Franco-Nevada and Agnico Eagle as core holdings for 'most subscribers' who want lower, more certain beta-style returns instead of doing alpha-like work and taking alpha-like risks.

Reading offering documents and 10-Ks is essential; Rick Rule uses a condo contract story to illustrate capital stack diligence. Rick rates First Mining Gold's Spring Pole a 6, and Agnico Eagle's Radisson stake validates Abitibi infrastructure economics. Lotus Resources' Chialecra uranium deposit isn't buildable at $80/lb given East African political and economic challenges, Rick says. Inversion technique: avoiding Doug Casey's 'gotta hunch, bet a bunch' is the surest way to fail in natural resources. In deleveraging equity plays, Rick waits for net present value of assets to exceed enterprise value before buying.

Franco-Nevada Has $4.3 Billion And Nowhere To Put It | Q2 2026 Earnings

The Deep Dive

Key Highlights