Dig Deep The Growth and Success of Wheaton Precious Metals Corp
In this episode, we chat with Randy Smallwood, President and CEO of Wheaton Precious Metals Corp, is one of the world’s largest precious metals streaming companies that offer investors cost predictability, direct leverage to increasing precious metals prices, and a high-quality asset base.
With a mine engineering and geology background, Randy was involved in the founding of the company back in the day when he was VP of corporate development, primarily focused on growing the company through the evaluation and acquisition of streaming opportunities before moving into the CEO role in 2011.
We discuss his career, how streaming is different from royalties, and how they are benefiting from the significant rise in the gold price.
KEY TAKEAWAYS
- Randy has been involved in the mining industry for several decades, starting as an exploration geologist and eventually becoming the CEO of Wheaton Precious Metals.
- Wheaton Precious Metals focuses on partnerships and streaming agreements with mining companies, providing upfront capital in exchange for a fixed percentage of metal production.
- The company's focus on profitable partners, low operating costs, and high margins sets them apart in the streaming and royalty space.
- Randy Smallwood draws inspiration from his mentor, Ian Telfer, for his ability to build strong teams and make strategic decisions in the mining industry.
- Wheaton Precious Metals is poised for significant growth in the next few years, with a strong production profile and potential benefits from rising gold prices.
BEST MOMENTS
"The stronger our partners are, the stronger we are. So we owe it to our partners to try and help them be as strong as possible."
"We're not a royalty company. We never have been a royalty company. We're a streaming company. A streaming company is based on partnerships."
"We have to make sure we continue to find ways to help our partners be stronger."
"We're perfectly positioned for this kind of market right now because we've got about 40 to 50 percent growth in production over the next five years."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
Website: https://www.wheatonpm.com/Home/
LinkedIn: https://www.linkedin.com/in/randy-smallwood-39092b17/
Company LinkedIn: https://www.linkedin.com/company/wheatonpm/
X: https://twitter.com/Wheaton_PM
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.