The Company acquires precious metals and cobalt under Precious Metals Purchase Agreements (PMPAs). Precious metals are obtained from mine operators in concentrate form or as precious metal credits and subsequently sold to third-party smelters, traders, or bullion banks. Payable silver in concentrate is purchased from the Zinkgruvan mine, Neves-Corvo mine, Stratoni mine, and Minto mine. Sales to financial institutions represent a significant portion of revenue but may be redirected if necessary. Cobalt purchased under the Voisey's Bay PMPA was sold through a third-party sales agent until December 31, 2023. Beginning January 1, 2024, the Company entered into a cobalt sale and purchase agreement with Glencore AG for a minimum of two years, with an option to extend. The Company retains the ability to redirect cobalt sales if Glencore AG ceases purchases.
Wheaton Precious Metals's Comment on Supply Chain
The Company acquires precious metals and cobalt under Precious Metals Purchase Agreements (PMPAs). Precious metals are obtained from mine operators in concentrate form or as precious metal credits and subsequently sold to third-party smelters, traders, or bullion banks. Payable silver in concentrate is purchased from the Zinkgruvan mine, Neves-Corvo mine, Stratoni mine, and Minto mine. Sales to financial institutions represent a significant portion of revenue but may be redirected if necessary. Cobalt purchased under the Voisey's Bay PMPA was sold through a third-party sales agent until December 31, 2023. Beginning January 1, 2024, the Company entered into a cobalt sale and purchase agreement with Glencore AG for a minimum of two years, with an option to extend. The Company retains the ability to redirect cobalt sales if Glencore AG ceases purchases.
Sources:
Wheaton Precious Metals Corp 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
For your research, we’ve provided nine additional tables on Wheaton Precious Metals Corp ’s suppliers.
You can find them in the navigation menu under Suppliers.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
