Silver Wheaton Corp, which is now known as Wheaton Precious Metals, specializes in the business of precious metals streaming and mining. The primary focus of the company is to provide financing to mining companies in exchange for the right to purchase a certain percentage of the metals produced, typically silver and gold, at a predetermined price. This business model allows Wheaton Precious Metals to benefit from the mining operations without the operational risks associated with running a mine.
By entering into these streaming agreements, Silver Wheaton secures a steady supply of precious metals, which it can then sell in the market, often at a profit. This approach has enabled the company to position itself strongly in the precious metals sector while spreading its exposure across various mining operations around the globe. Wheaton Precious Metals aims to create long-term value for its shareholders by leveraging its unique business model and capitalizing on the trends in the precious metals market. For more detailed and updated information, it is advisable to visit the company's official web page.
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