Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies (including Barrick Gold and Goldcorp) as a by-product of their main operations. Originally named Silver Wheaton, the company changed its name to Wheaton Precious Metals on May 10, 2017. In 2016, the company reported attributable production totaling 30.4 million ounces of silver and 353,700 ounces of gold, with net earnings of US$195 million on operating cash flows of $584 million. History Silver Wheaton was established in 2004. It was previously controlled by Goldcorp until December 7, 2006 when Goldcorp's sale of 18 million shares reduced its ownership to 48%. On February 14, 2008 Goldcorp divested itself completely of Silver Wheaton, selling 108 million shares for C$1.566 billion. Silverstone Resources, acquired in 2009 previously traded on the TSX Venture Exchange under the symbol SST (delisted May 25, 2009 just after the takeover) as a Tier 1 stock (the exchange's premier tier). In October 2020, the company was admitted in the London Stock Exchange under the ticker WPM. Contracts Although most agreements it makes are short-term contracts, at least one with the Penasquito mine in Mexico lasts the length of the mine's life. Until the third quarter of 2012 all of the gold it sold came from the Minto Mine in the Yukon, acquired in mid-2009 following the Cdn $190 million acquisition of Silverstone Resources Corp. In 3q2012 it started receiving gold from HudBay's 777 polymetallic mine in Manitoba . In 2013 it began receiving gold from 3 new mines: Sudbury (33,000 oz), Salobo (29,100 oz), and Constancia. Average realized price for gold produced at 777 was $1390 which is similar to Minto however, average realized cash cost is 32% higher at mine 777 ($400 vs $303). In total, there are 15 agreements with 11 different companies; being able to pay a large portion of the contract price in cash initially, and having already developed extensive relationships with mining companies, helps it gain access to the commodity. In 2013 the average price paid per ounce of pure silver was $4.12 up from $4.06, $3.99, $3.97 in 2012, 2011, 2010. Penasquito (one of the largest silver deposits in the world, Silver Wheaton's 25% interest would rank in the top 25 silver mines in the world) will give the company an average of 7