Cayman Finance member firm Wheaton Precious Metals, one of the world’s largest precious metals streaming companies, celebrated its 20th anniversary by opening the London Stock Exchange (LSE) earlier this month.
Designed to provide shareholders with exposure to precious metals production, streaming offers all the benefits of a traditional mining company such as commodity price leverage and exploration upside, but generally at a much lower-risk profile.
The business model has become a well-recognised and globally respected form of financing for the mining industry, providing essential capital to fund the production of some of the world’s most important commodities while supporting best practices in sustainability.
The company was first listed in Canada in 2004, followed by the New York Stock Exchange. More recently, in 2020 Wheaton was admitted to the main market of the LSE as a dual-listed company, bringing one of the few opportunities for investment in precious metals, and the only streaming business of scale, to the London market.
Randy Smallwood, Wheaton’s President and Chief Executive Officer said in a press release: “We are incredibly proud to be celebrating 20 years of creating value for our stakeholders, including our partners, our shareholders and our communities. Since our inception, we have built one of the highest-quality portfolios of assets among our peers, and supported the building and expansion of top-tier mines around the globe. Listing in London marked a significant milestone in Wheaton’s objective to becoming a globally investible company, and has allowed us to participate in one of the world’s most reputable markets.”
