Wheaton Precious Metals Corporation (WPM) 2020年年度报告「NYSE」.pdf

1、ANNUAL REPORTWheaton 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 company.Wheato

2、n 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 creates sustainable

3、 value through streaming.LETTER FROMTHE PRESIDENT&CEOWHEATON PRECIOUS METALS|2020 ANNUAL REPORTIRANDY SMALLWOOD,President&CEODear Shareholders,To say 2020 was an unprecedented year in modern history feels like an understatement;however,it has also been a time to focus on what is most important and r

4、e-emerge stronger than before.At Wheaton,that is exactly what we did.Holding true to our mandate,we found ways to help all of our stakeholders despite the challenges,especially those most in need.Early in the onset of the pandemic,Wheaton more than doubled its budget for charitable giving with the l

5、aunch of a COVID-19 relief fund,primarily focused on supporting the front-line workers in the communities around the mines from which we receive metal.We worked closely with our mining partners to ensure that they were able to maintain operations while protecting the health and safety of their workf

6、orces.Our corporate development team found creative ways to complete due diligence and to add accretive new streams to our portfolio.Even with this growth,Wheaton was able to raise its dividend by over 30%during 2020 as well as reduce net debt1 to nearly zero by the end of the year.As a result of th