Wheaton Precious Metals Corporation (WPM) 2022年年度报告「NYSE」.pdf

1、 Wheaton is the worlds premier precious metals streaming company with the highest-quality portfolio of long-life,low-cost assets.Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company.Wheaton delivers a

2、mongst the highest cash operating margins in the mining industry,allowing it to pay a competitive dividend and continue to grow through accretive acquisitions.As a result,Wheaton has consistently outperformed gold and silver,as well as other mining investments.The company is committed to strong ESG

3、practices and giving back to the communities where Wheaton and its mining partners operate.Wheaton creates sustainable value through streaming for all of its stakeholders.WHEATON PRECIOUS METALS|2022 ANNUAL REPORTLetter from the President&CEOId like to start by thanking you,our stakeholders,for your

4、 continued support and investment in Wheaton in a year where the aftereffects of the pandemic,and global conflicts,had an impact on each of our lives,our society and the economy.Because of this,it has become more important than ever to create value for and provide support to our full range of stakeh

5、olders,including our mining partners,host communities and,of course,our shareholders.While gold held at historically high levels throughout the year,inflationary pressures had a significant impact on mining companies,resulting in their margins being compressed.Wheaton,however,continued delivering hi

6、gh margin precious metals production as our streaming model provides cost certainty from what we believe is one the strongest portfolios of mines globally.In 2022,our cash operating margin per gold equivalent ounce was approximately$1,300 per ounce,or 75%.1Riding the tailwinds of one of our most suc