Welcome to another podcast - you’re listening to the Royalty King.
Or maybe I should say, The Royalty & Streaming King… but that’s too long a title.. Anyway..
One of the top highlights of my trip to Florida for the annual Rule Symposium was sitting down with the CEO of the largest Royalty & Streaming in the world, Randy Smallwood of Wheaton Precious Metals.
From its pioneering streaming model to its strategic partnerships, Wheaton has carved a niche that not only sets it apart but also propels it towards a promising future. What I got out of the chat was the attention to detail that the WPM display when putting capital to work as well as the amount of sheer organic growth that set to show up in their reporting over the next 12 months - I think this is really going to shock people who simply see them as a behemoth that is now ‘ex-growth’.
The Streaming Model: A Game Changer Wheaton Precious Metals has revolutionized the industry with its unique streaming model.
“The reason we have such great success in the streaming space is because we actually deliver more value to our partner." Randy Smallwood
This model allows Wheaton to receive metal deliveries and rights, creating a dynamic and active partnership with mining companies. It's a win-win situation that has set Wheaton apart from traditional royalty companies.
Building Strong Partnerships At the heart of Wheaton's success is its commitment to building strong partnerships. "The stronger our partners are, the stronger we are," says Smallwood.
Future Growth Projections Looking ahead, Wheaton's growth trajectory is nothing short of impressive. With nine new mines contributing to production over the next five years, the company is on track to achieve a milestone of a million gold equivalent ounces by 2030.
Based on that, it appears I’ve been conservative in my underwriting and hence even though readers who followed my investment thesis 18 months ago are now up over 90%, I for one do not intend to sell my WPM stock.
A Bright Future Ahead: Wheaton Precious Metals' journey is a testament to the power of innovation, strategic partnerships, and a forward-thinking approach.
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P.S. Love the episode? Re-stack with your thoughts or questions—I’d love to hear them!
00:00 Introduction to Wheaton Precious Metals
05:15 Growth and Future Projections
09:53 Lessons from Experience
14:57 Closing Thoughts and Recommendations
⚠️ Disclaimer: This is not financial advice. I document my investment journey for informational purposes only. Do your own research and consult a professional before making investment decisions.
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