Wheaton Precious Metals Publishes 2022 Sustainability Report Highlighting Commitment to Progress

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the publication of its 2022 Sustainability Report (the "report").

"At Wheaton, we recognize the responsibility we have to positively contribute to our communities and support industry best practices in ESG," said Randy Smallwood , Wheaton's President and Chief Executive Officer. "We believe that sustainability is a journey that requires an unwavering commitment to progress, and we can only succeed by doing this together. I am incredibly proud of Wheaton's performance and continued leadership in ESG."

Report Highlights

The 2022 report is a comprehensive review of Wheaton's performance in environmental, social and governance ("ESG") topics including:

ESG Strategy & Governance:

  • Progress updates on Wheaton's ESG strategy, targets and commitments.
  • Updated materiality assessment using a 'double materiality' approach.
  • Established a sustainability linked element in connection with the revolving credit facility.

Environment:

  • Expanded information on the pathway to achieve net zero carbon emissions by 2050 1 and progress to date on this topic, with a focus on Scope 3 financed emissions.
  • 68% of 2021 Scope 3 financed emissions covered by emissions reductions targets aligned to 2°C or less.

Diversity, Equity and Inclusion:

  • Achieved target of 30% female Board members two years early.
  • Set a new goal to increase the percentage of gender diversity and visible minorities at Wheaton, inclusive of leadership, and advance diversity and inclusion initiatives.

Community Investment Program:

  • Over $5.9 million distributed throughout the year in support of over 100 charitable causes and initiatives around the world.
  • Over $38 million in contributions to local charities and mining communities since inception of the Community Investment Program in 2009.

Investment Decisions and Due Diligence:

  • 100% of new streaming agreements in 2022 screened for ESG issues and risks.
  • 85% of Wheaton's mining partners are committed to implementing one or more industry sustainability standards, representing 89% of attributable 2022 production.

Recognition:

  • 'ESG Industry Top-Rated' in precious metals and 'ESG Global 50 Top Rated' out of over 15,000 multi-sector companies by Sustainalytics, 'AA' rated by MSCI and 'Prime' rated by ISS.
  • Recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights.
  • Achieved a B score on CDP's Climate Change Questionnaire.

Information and data in Wheaton's 2022 Sustainability Report was informed by the Sustainability Accounting Standards Board ("SASB"), Global Reporting Initiative ("GRI") and the Task Force on Climate-Related Financial Disclosures ("TCFD"). A separate TCFD-aligned Climate Change Report will be released later this year and will include detailed climate-related disclosures.

About Wheaton Precious Metals Corp.

Wheaton Precious Metals is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst 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. Wheaton is committed to strong ESG practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming.

Endnotes
1 Net zero includes emissions reductions in line with a 1.5° C trajectory across Scopes 1, 2 and 3.  Achievement of net zero may include the use of offsets for residual emissions in 2050.

Cautionary Note Regarding Forward Looking-Statements

This press release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation concerning the business, operations and financial performance of Wheaton. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to ESG commitments by Wheaton and at mineral stream interests currently owned by Wheaton (the "Mining Operations"). Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton to be materially different from those expressed or implied by such forward-looking statements including (without limitation) risks related to climate change, environmental, social and governance matters, the ability to achieve ESG commitments and goals at both Wheaton and the Mining Operations and other risks discussed in the section entitled "Description of the Business – Risk Factors" in Wheaton's Annual Information Form available on SEDAR at www.sedar.com and Wheaton's Form 40-F for the year ended December 31, 2022 filed March 31, 2023 on file with the U.S. Securities and Exchange Commission on EDGAR and the risks identified under "Risks and Uncertainties" in Wheaton's Management's Discussion and Analysis for the year ended December 31, 2022 , available on SEDAR and in Wheaton's Form 6-K filed March 9, 2023 . Forward-looking statements are based on assumptions management currently believes to be reasonable, including (without limitation) that ESG commitments and goals at both Wheaton and the Mining Operations will be achieved, there will be no material adverse change in the market price of commodities, that estimations of future production from the Mining Operations and mineral reserves and resources are accurate, that the mining operations from which Wheaton purchases precious metals will continue to operate, that each party will satisfy their obligations in accordance with the precious metals purchase agreements, and that Wheaton's application of the CRA Settlement is accurate (including the Company's assessment that there will be no material change in the Company's facts or change in law or jurisprudence for years subsequent to 2010) and possible domestic audits for taxation years subsequent to 2016 and international audits.

Cision View original content: https://www.prnewswire.com/news-releases/wheaton-precious-metals-publishes-2022-sustainability-report-highlighting-commitment-to-progress-301823779.html

SOURCE Wheaton Precious Metals Corp.

Cision View original content: https://www.newswire.ca/en/releases/archive/May2023/15/c4748.html

News Provided by Canada Newswire via QuoteMedia

WPM:CA
The Conversation (0)
TSXV:MGM

Maple Gold Mines: Advancing the Douay Gold Project in Quebec’s Abitibi Greenstone Belt

Maple Gold Mines (TSXV:MGM,OTCQB:MGMLF,FSE:M3G) has launched its campaign on the Investing News Network’s resource channel.

Maple Gold Mines is an advanced gold company developing its flagship Douay gold project located in Quebec’s Abitibi Greenstone Belt. The Douay property hosts an NI 43-101 resource of 422,000 indicated ounces of gold including 8.6 Mt grading 1.52 g/t gold and 2.35 million inferred ounces including 71.2 Mt grading 1.03 g/t gold. The Douay resource is the third-largest undeveloped gold resource in the province of Quebec.

Keep reading...Show less

Patagonia Gold Enters Into Option Agreement With Newmont Corporation

Patagonia Gold Corp. ("Patagonia" or the "Company") (TSX.V:PGDC) is pleased to announce that it has entered into a binding letter agreement dated 1 April, 2025 (the "Option Agreement") with Oroplata S.A., an Argentinean subsidiary of Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont"). The Option Agreement grants Newmont an option (the "Option") to acquire a 100% undivided interest in the Company's Tornado and Huracan gold and silver properties, including a separate exploration permit named "El Diablo" (collectively, the "Properties") in return for making aggregate cash payments of US$ 1,500,000, as described below.

Summary of the Terms of the Option Agreement

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals (CSE:LFLR)

Analyst Report Cites Positive Momentum for LaFleur Minerals with Beacon Mill MOU

Description

A recent analyst update from Red Cloud Securities is emphasizing the significance of a newly signed memorandum of understanding (MOU) between LaFleur Minerals (CSE:LFLR) and Granada Gold Mine, which could accelerate LaFleur’s path to production. The report highlights the company’s progress toward restarting its 100 percent owned Beacon mill and in advancing its Swanson gold project, both located within the prolific Abitibi Gold Belt in Quebec, Canada.

Keep reading...Show less

Newmont Announces First Quarter 2025 Earnings Conference Call

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) will release its first quarter 2025 results after North American markets close on Wednesday, April 23, 2025 . A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time the same day , which is 7:30 a.m. Australian Eastern Standard Time on Thursday, April 24, 2025 . A replay of the webcast will be available through the Company's website.

Conference Call Details

Webcast Details

Title: Newmont First Quarter 2025 Earnings Conference Call

URL: https://events.q4inc.com/attendee/482927766

The webcast materials will be available Wednesday, April 23, after North American markets close, under the Investor Relations section of the Company's website. Additionally, the conference call will be archived for a limited time on the Company's website.

About Newmont

Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to www.newmont.com .

______________________
1 For toll-free phone numbers, refer to the following link: https://www.netroadshow.com/events/global-numbers?confId=49005

Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com

Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com

Media Contact – Global
Shannon Lijek
globalcommunications@newmont.com

Media Contact – Asia Pacific
Rosalie Cobai
australiacommunications@newmont.com

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Stock Symbol: AEM (NYSE and TSX)

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
North Bay Resources Announces Discovery of Mass Tonnage Gold Deposit up to 149m  Grading 0.95 g/t Au, Fran Gold Project, British Columbia

North Bay Resources Announces Discovery of Mass Tonnage Gold Deposit up to 149m Grading 0.95 g/t Au, Fran Gold Project, British Columbia

North Bay Resources, Inc. (the " Company " or " North Bay ") (OTC: NBRI) is pleased to announce analyses and compilation of prior exploration work at the Fran Gold Project has resulted in the discovery of a mass tonnage gold deposit. This includes review of diamond drilling in 2001, 2005, 2006, 2012, and 2018 as well as geochemical, geophysical and 3D modelling data. Past exploration and development, including over 18,000m (55,000ft.) of diamond drilling, has shown very large intercepts of up to 149m (489 feet) of 0.95 gram per ton gold. The deposit area has been identified to be in excess of 1000m x 100m x 300m within a known strike length of 1700m. This represents an exploration potential of 79,500,000 tonnes at a specific gravity of 2.65. At an average grade of 0.8 grams per tonne the current potential is 2M ounces. There is sufficient data to immediately proceed with a NI 43-101 Compliant Mineral Resource Estimate . The Fran Gold Project is next to Centerra Gold's (TSX:CG) Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and 0.2% copper and proximate to Artemis Gold's (TSXV:ARTG) Blackwater Mine, with Proven and Probable Reserves of 334Mt grading 0.8 grams per tonne gold. Both Mt. Milligan and the Blackwater Mine are two of the largest new mines in North America in the modern era. The Blackwater Mine has a Measured and Indicated Resource in excess of 10M ounces of gold.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×