Wheaton Precious Metals Corporation (WPM) 2019年年度报告「NYSE」.pdf

1、 Wheaton Precious Metals(“Wheaton”)is the worlds premier precious metals streaming company with the highest-quality portfolio of long-life,low-cost assets.Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining

2、company.Wheaton delivers amongst the highest cash operating margins in the mining industry,allowing it to pay a competitive dividend and continue to grow through accretive acquisitions.As a result,Wheaton has consistently outperformed gold and silver,as well as other mining investments.Wheaton creat

3、es sustainable value through streaming.270387_cover.indd 2270387_cover.indd 2LETTER FROMTHE PRESIDENT&CEODear Shareholders,This past year marked a special milestone for Wheaton as we celebrated our 15th anniversary.Few could have guessed what would become of our modest company in 2004,with a single

4、asset and a novel business model we called“streaming.”Today,Wheaton has 29 streams globally,and there is not a Chief Financial Officer in the mining industry that doesnt consider streaming as an option for raising capital,a perpetual need for mining companies everywhere.Our company has evolved consi

5、derably over the past 15 years,but at Wheaton,we have always remained true to our core mandateto create superior value for our shareholders,partners and the community.We entered 2019 with the strongest foundation to date,supported by one of the best portfolios of precious metals assets in the indust

6、ry and confidence in the sustainability of our business model.The settlement reached with the Canada Revenue Agency in late 2018 reaffirmed the strength of our business model and corporate structure,providing us and our shareholders with tax confidence.Having a solid,sustainable foundation also allo