Asset-light Streaming ModelWheaton's streaming model is durable: it earns production-linked revenue without operating mines, reducing capital intensity and operational risk. Upfront payments secure long-term metal offtake, enabling scalable earnings and predictable margin capture as partner mines produce over decades.
High And Sustainable ProfitabilityExceptionally high gross and net margins reflect the economics of fixed-price streams and low operating overhead. These margins provide durable cash generation and resilience through commodity cycles, supporting reinvestment in new streams and stable shareholder returns over the medium term.
Robust Balance Sheet And LiquidityStrong liquidity and minimal leverage give Wheaton flexibility to fund new streaming transactions and absorb shocks. A large cash balance plus an undrawn facility supports disciplined capital deployment, deal optionality, and downside protection through multi-year industry cycles.