Larry [Unknown]'s questions to Wheaton Precious Metals Corp (WPM) leadership • Q4 2024
Question
An analyst named Larry asked if Wheaton would become more active in silver streaming given high gold prices, how the Blackwater expansion is factored into guidance following the recent stream amendment, and what drove the Voisey's Bay impairment charge.
Answer
SVP, Corporate Development Haytham Hodaly explained that high-quality silver opportunities are less common as silver is often a byproduct, but they always transact for solid returns. On Blackwater, he noted the amendment accelerates silver delivery. SVP & CFO Gary Brown confirmed the Voisey's Bay impairment was 'virtually all cobalt price,' while VP, Mining Operations Wes Carson added that the asset's production profile is actually viewed positively.