Wheaton Precious Metals (TSX, NYSE, LSE: WPM) is coming off its best year ever with the help of four new mines entering production and stronger output from existing assets, CEO Randy Smallwood says.
Key contributors included Vale’s (NYSE: VALE) Salobo stage-three expansion ramping to full capacity in Brazil, a longstanding cornerstone asset for the gold and silver streamer. Higher metal prices are now accelerating growth across Wheaton’s portfolio as partner miners accelerate expansions that had been pencilled in for much later.
“Our objective is getting up to that million ounces of gold equivalent production,” Smallwood told The Northern Miner’s Western Editor, Henry Lazenby, during last week’s Vancouver Resource Investment Conference. “It’s going to happen sooner than we expected.”
Wheaton’s most recent outlook pegged 2025 production at 600,000 to 670,000 gold-equivalent ounces. Output is expected rise by the end of the decade.
Watch below in full the wide-ranging interview:
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