Massive Growth Ahead: Randy Smallwood Details Wheaton Precious Metals' Bold 7-Year Expansion Plan
Positioning For 60% Production Growth and New Streaming Deals - Interview with Wheaton Precious Metals President & CEO Randy Smallwood
In this Sunday Special, we chat with Randy Smallwood, President and CEO of Wheaton Precious Metals (TSX | NYSE | LSE: WPM), to map out the company's growth strategy. With a cash-rich balance sheet, no debt, and production set to climb 60% over seven years, Wheaton is positioning itself at the center of a booming precious metals market.
Key highlights from the conversation:
• 60% Production Growth Pipeline with 4 New Mines Starting in 2025
Randy outlines how Wheaton is entering an extended growth phase with major contributions from Salobo Phase 3, Blackwater (Artemis Gold), Goose (B2Gold), and Platreef (Ivanhoe Mines). “It’s the best setup we’ve had - climbing to over a million gold-equivalent ounces annually.”
• Streaming Model Unlocks Superior Leverage vs Royalty Models
Unlike royalty peers, Wheaton’s fixed production payments (~$450–$500/oz) lock in powerful margin expansion as metals prices rise. "Streaming companies like ours are the best positioned to maximize returns in a strong gold market.”
• New Capital Flow into Streaming Deals and Single-Asset Developers
Companies are increasingly turning to streaming for project funding. Wheaton’s recent Montage Gold deal shows the evolving financing model where streaming fully replaces debt - and Wheaton is seeing strong new deal flow. “We could end up being the primary funders of the next generation of mines.”
• Investor Interest Accelerating - Especially in Silver Exposure
Randy reports a surge in meetings with new generalist funds and increased interest in Wheaton's 40% silver revenue base. "Silver lagging gold is a sign Western retail is waking up, and that's when things really take off."
👉 Click here to listen to the full interview and hear why Wheaton Precious Metals is perfectly positioned for the next phase of the gold bull market!
🎧 Listen to the Full Interview Here:
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