Record gold and silver prices are propelling Wheaton Precious Metals Corp. (LON:WPM) towards circa $US2bln free cash flow this year.

The precious metals streaming company has a portfolio of long-life, low-cost assets with a focus on silver and gold producing projects. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company.

Randy Smallwood, CEO, says 2025 is the start of an extended growth cycle which will take the company from c. 600,000 gold equivalent ounces per year to over a million gold equivalent ounces per year by 2031.

In this interview, investors will learn

• What streaming is and how shareholders benefit from the financial model. 

• How the transaction involving Barrick Mining’s Hemlo Mine will provide with an 80 % operating profit margin on each ounce produced.

• Why Smallwood anticipates the current portfolio of 22 producing streams (plus its pipeline projects) will increase over the next two years

• How the company is able to sustain a progressive dividend policy

• Why the board believes there’s a correction occurring in the price of precious metals

• What Wheaton Precious Metals hopes to achieve before the end of 2025

Randy Smallwood, chief executive of Wheaton Precious Metals was interviewed by Sarah Lowther for focusIR.