Legal

This website is owned and operated by Wheaton Precious Metals Corp. (“Wheaton Precious Metals”). By accessing or using this website, you agree to the following terms and conditions.

Wheaton Precious Metals reserves the right to modify these terms and conditions at any time without prior notice. Your access or use of the Wheaton Precious Metals website will be governed by the terms and conditions in place at the relevant time. It is your responsibility to regularly review these terms and conditions.

Website Protected by Copyright

All materials (including, but not limited to, documents, presentations, graphics, videos, icons, HTML, javascripts, color schemes, multimedia, logos, photographs, copywriting) that appear on this website are the property of Wheaton Precious Metals and copyrighted by same.

Other materials on this website not originally produced by us (such as some audio, video, documents, trademarks) are copyrighted by their respective creators/owners and appear here either by permission, example or as public domain reference material.

The Name Wheaton Precious Metals is a Trademark of Wheaton Precious Metals Corp.

Wheaton Precious Metals™ is a trademark of Wheaton Precious Metals Corp. in Canada, the United States and certain other jurisdictions.

Conditions of Use
Except as expressly authorized by Wheaton Precious Metals, any reproduction, modification or distribution of the Wheaton Precious Metals website content, in whole or in part, is strictly prohibited.

Currency and Accuracy of Website

Wheaton Precious Metals updates the information on this website regularly. However, such information is not intended to be a comprehensive review of all matters and developments concerning Wheaton Precious Metals.

Wheaton Precious Metals makes no representations or warranties as to the accuracy, reliability, completeness or timeliness of information on this website, and Wheaton Precious Metals cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard.

All stock quotes on this website are delayed at least 20 minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. Wheaton Precious Metals makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.

No Incorporation by Reference

No information included herein shall be deemed to be incorporated by reference into any of Wheaton Precious Metals’ regulatory filings, unless expressly indicated in any such filings. In addition, no information shall be incorporated by reference into this website, unless otherwise specified.

No Solicitation & Investment Decisions

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Wheaton Precious Metals to that effect. As a result of:

• the technical and security risks inherent in the Internet;
• the potential for information on this website to be out of date or superceded by more recent Wheaton Precious Metals’ public disclosure;
• the possibility that the document you access may differ from the original depending on your browser software; and
• other items noted within these Terms of Use,

the information set out in this Website should not be used for the purpose of making investment decisions with respect to Wheaton Precious Metals’ securities. If you are contemplating trading in the securities of Wheaton Precious Metals, we strongly advise you to seek independent professional advice before making any investment decision and you should review all of Wheaton Precious Metals’ public disclosure filings available on SEDAR+ at www.sedarplus.ca, and on file with the U.S. Securities and Exchange Commission in Washington, D.C. at www.sec.gov.

Exclusion of Liability

Wheaton Precious Metals shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from:

• the use of or reliance on information contained in this website;
• any inaccuracy or omission in such information or failure to keep the information current;
• use of any third party websites linked to this website;
• any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and
• any other matter connected with this website; even if Wheaton Precious Metals is made aware of the possibility of such claims, expenses, damages or losses.

Wheaton Precious Metals Not Responsible for Internet Software or Computer Viruses

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Wheaton Precious Metals shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

Wheaton Precious Metals Not Responsible for Linked Websites

Wheaton Precious Metals provides links to third party websites (the “Linked Websites”) for your convenience only and by selecting this link, you will be transferred to a website that is not affiliated with, or under the ownership or control of the Wheaton Precious Metals site. We are not responsible or liable for the operation, content or policies of the Linked Website to which you are linking, and do not endorse, control, supervise or review its policies or content and Wheaton Precious Metals disclaims all liability and responsibility for the content of any Linked Websites. You should address any concerns or questions you may have regarding Linked Websites to the site Administrator or Webmaster of the Linked Website.

If you are visiting a social media website, please refer to our Social Media Engagement Guidelines.

The website may use "cookies", a technology that installs information on a website user's computer to permit the website to recognize future visits using that computer. Cookies enhance the convenience and use of the website. You may choose to decline cookies if your browser permits but doing so may affect your use of the website and your ability to access certain features of the website.

How does Wheaton use cookies?

We use Google Analytics for aggregated, anonymized website traffic analysis. In order to track your session usage, Google drops a cookie (_ga) with a randomly generated ClientID in your browser. This ID is anonymized and contains no identifiable information like email, phone number, name, etc. We also send Google your IP Address. We use Google Analytics to track aggregated website behavior such as how visitors use the website, including the number of visitors to the website and the pages they have visited. This information is important to us for improving the user experience and determining website effectiveness. This information is used only for internal purposes. If you would like to access what browsing information we have - or ask us to delete any Google Analytics data - please delete your _ga cookies, reach out to us via info@wheatonpm.com, and/or install the Google Analytics Opt-Out Browser Add-On.

Miscellaneous

Wheaton Precious Metals has provided information on this website that is summarized from its public disclosures. Visitors to this website are cautioned that they should review Wheaton Precious Metals' full public disclosure record at www.sedarplus.ca and www.sec.gov for details regarding Wheaton Precious Metals' business and operations. References to Wheaton Precious Metals include Wheaton Precious Metals Corp. and its direct and indirect subsidiaries.

Jurisdiction

By visiting this site, you agree that these terms and conditions will be governed by and construed in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable therein and you agree to be bound by the laws of those jurisdictions. These terms and conditions, including all other documents incorporated by reference herein, are binding and constitute an agreement between Wheaton Precious Metals and you with respect to your use of this website. If any part of the terms and conditions is determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, such determination shall not affect the remaining provisions hereof.

For individuals who visit our website located at www.wheatonpm.com  (“our website”), we may collect information from you or from your activities on the sites. 

Wheaton may collect the following information regarding visitors to our website: domain name, name, information regarding what pages are accessed, information volunteered by you, such as survey information, contact details, home and/or business address, e-mail address, or website registrations, and your preferred means of communication. Wheaton collects and logs this information for statistical purposes. Wheaton uses “session cookies” to assist in navigation of the site, but does not gather or store personal information after you leave the site. 

Like most websites and other Internet services, we may collect certain technical and device information about your use of the website, including but not limited to information concerning the type of internet browser or computer operating system you are using, your IP address, the domain name of your internet service provider, your “click path” through our website, and the website or advertisement that was linked to or from the websites when you visited. To do this, we may use cookies and other technology, including browser fingerprinting. Amongst other things, this information allows us to dynamically personalize the website for users.

We may use and disclose your personal information for the following purposes:

• to manage our relationship with you, to communicate with you and to provide you with information or services and to support your use of our products and services;
• to operate, improve and develop the quality of the website through polls, surveys and other similar feedback gathering activities conducted by us;
• to analyze the needs and activities of our website users and customers to help us better serve them, to prepare analytics and profiling for business intelligence and marketing purposes;
• to conduct research and analysis related to our business, products and services;
• to manage our website and respond to inquiries and other requests, including troubleshooting;
• to provide you with information that we think may interest you, including in regards to our products and services, and to personalize your experience visiting our website; 
• to enforce this Policy;
• to prevent fraud or potentially illegal activities; 
• to investigate legal claims; and
• as required to comply with applicable laws or as authorized by applicable laws.

As a general proposition, any personal information that Wheaton and its website operators collect will not be disclosed to third parties. The intent is that the information will be used for the exclusive use of Wheaton. However, in order to improve integrity of the data, to assist in maintaining security over the data, or as requested by law, some personal information may be required to be disclosed. 

If we provide your information to third party service providers, then we require that the service providers maintain the confidentiality of your personal information and keep your personal information secure.  We also require that they only use your personal information for the limited purposes for which it is provided. 

Cautionary note regarding forward-looking statements

The information contained in this website 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. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements with respect to:

• the future price of commodities;
• the estimation of future production from mining operations from which Wheaton Precious Metals purchases precious metals (the “Mining Operations”) (including in the estimation of production, mill throughput, grades, recoveries and exploration potential);
• the estimation of mineral reserves and mineral resources (including the estimation of reserve conversion rates and the realization of such estimations);
• the commencement, timing and achievement of construction, expansion or improvement projects by Wheaton’s precious metals purchase agreement and royalty agreement (together “PMPAs”) counterparties at Mining Operations;
• the payment of upfront cash consideration to counterparties under PMPAs, the satisfaction of each party's obligations in accordance with PMPAs and the receipt by Wheaton Precious Metals of precious metals and cobalt production in respect of the applicable Mining Operations under PMPAs or other payments under royalty arrangements;
• the ability of Wheaton’s PMPA counterparties to comply with the terms of a PMPA (including as a result of the business, mining operations and performance of Wheaton’s PMPA counterparties) and the potential impacts of such on Wheaton;
• future payments by Wheaton Precious Metals in accordance with PMPAs, including any acceleration of payments;
• the costs of future production;
• the estimation of produced but not yet delivered ounces;
• the future sales of Common Shares under, the amount of net proceeds from, and the use of the net proceeds from, the ATM Program;
• continued listing of the Common Shares on the LSE, NYSE and TSX;
• any statements as to future dividends;
• the ability to fund outstanding commitments and the ability to continue to acquire accretive PMPAs;
• projected increases to Wheaton's production and cash flow profile;
• projected changes to Wheaton’s production mix;
• the ability of Wheaton’s PMPA counterparties to comply with the terms of any other obligations under agreements with Wheaton Precious Metals;
• the ability to sell precious metals and cobalt production;
• confidence in Wheaton Precious Metals’ business structure;
• Wheaton Precious Metals’ assessment of taxes payable, including the implementation of a 15% global minimum tax, and the impact of the CRA Settlement;
• possible CRA domestic audits for taxation years subsequent to 2016 and international audits;
• Wheaton Precious Metals’ assessment of the impact of any tax reassessments;
• Wheaton Precious Metals’ intention to file future tax returns in a manner consistent with the CRA Settlement;
• Wheaton Precious Metals’ climate change and environmental commitments; and
• assessments of the impact and resolution of various legal and tax matters, including but not limited to audits.

Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “projects”, “intends”, “anticipates” or “does not anticipate”, or “believes”, “potential”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. 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 but not limited to:

• risks associated with fluctuations in the price of commodities (including Wheaton’s ability to sell its precious metals or cobalt production at acceptable prices or at all);
• risks related to the Mining Operations (including fluctuations in the price of the primary or other commodities mined at such operations, regulatory, political and other risks of the jurisdictions in which the Mining Operations are located, actual results of mining, risks associated with exploration, development, operating, expansion and improvement at the Mining Operations, environmental and economic risks of the Mining Operations, and changes in project parameters as Mining Operations plans continue to be refined);
• absence of control over the Mining Operations and having to rely on the accuracy of the public disclosure and other information Wheaton receives from the owners and operators of the Mining Operations as the basis for its analyses, forecasts and assessments relating to its own business;
• risks related to the uncertainty in the accuracy of mineral reserve and mineral resource estimation;
• risks related to the satisfaction of each party’s obligations in accordance with the terms of Wheaton Precious Metals’ PMPAs, including the ability of the companies with which Wheaton Precious Metals has PMPAs to perform their obligations under those PMPAs in the event of a material adverse effect on the results of operations, financial condition, cash flows or business of such companies, any acceleration of payments, estimated throughput and exploration potential;
• risks relating to production estimates from Mining Operations, including anticipated timing of the commencement of production by certain Mining Operations;
• Wheaton’s interpretation of, or compliance with, or application of, tax laws and regulations or accounting policies and rules, being found to be incorrect or the tax impact to Wheaton Precious Metals’ business operations being materially different than currently contemplated;
• any challenge or reassessment by the CRA of Wheaton Precious Metals’ tax filings being successful and the potential negative impact to Wheaton Precious Metals’ previous and future tax filings;
• risks in assessing the impact of the CRA Settlement (including whether there will be any material change in Wheaton Precious Metals’ facts or change in law or jurisprudence);
• risks related to any potential amendments to Canada’s transfer pricing rules under the Income Tax Act (Canada) that may result from the Department of Finance’s consultation paper released June 6, 2023;
• risks relating to the implementation of a 15% global minimum tax, including the Federal budget bill, C-69, which contains the GMTA reflecting application of global minimum tax to in-scope companies for fiscal years beginning on or after December 31, 2023 and the legislation enacted in Luxembourg that applies to the income of Wheaton Precious Metals’ Luxembourg subsidiary as of January 1, 2024 and Wheaton Precious Metals and its other subsidiaries from January 1, 2025;
• counterparty credit and liquidity risks;
• mine operator and counterparty concentration risks;
• indebtedness and guarantees risks;
• hedging risk;
• competition in the streaming industry risk;
• risks relating to security over underlying assets;
• risks relating to third-party PMPAs;
• risks relating to revenue from royalty interests;
• risks related to Wheaton’s acquisition strategy;
• risks relating to third-party rights under PMPAs;
• risks relating to future financings and security issuances;
• risks relating to unknown defects and impairments;
• risks related to governmental regulations;
• risks related to international operations of Wheaton and the Mining Operations;
• risks relating to exploration, development, operating, expansions and improvements at the Mining Operations;
• risks related to environmental regulations;
• the ability of Wheaton and the Mining Operations to obtain and maintain necessary licenses, permits, approvals and rulings;
• the ability of Wheaton and the Mining Operations to comply with applicable laws, regulations and permitting requirements;
• lack of suitable supplies, infrastructure and employees to support the Mining Operations;
• risks related to underinsured Mining Operations;
• inability to replace and expand mineral reserves, including anticipated timing of the commencement of production by certain Mining Operations (including increases in production, estimated grades and recoveries);
• uncertainties related to title and indigenous rights with respect to the mineral properties of the Mining Operations;
• the ability of Wheaton and the Mining Operations to obtain adequate financing;
• the ability of the Mining Operations to complete permitting, construction, development and expansion;
• challenges related to global financial conditions;
• risks associated with environmental, social and governance matters;
• risks related to fluctuations in commodity prices of metals produced from the Mining Operations other than precious metals or cobalt;
• risks related to claims and legal proceedings against Wheaton or the Mining Operations;
• risks related to the market price of the Common Shares of Wheaton;
• the ability of Wheaton and the Mining Operations to retain key management employees or procure the services of skilled and experienced personnel;
• risks related to interest rates;
• risks related to the declaration, timing and payment of dividends;
• risks related to access to confidential information regarding Mining Operations;
• risks associated with multiple listings of the Common Shares on the LSE, NYSE and TSX;
• risks associated with a possible suspension of trading of Common Shares;
• risks associated with the sale of Common Shares under the ATM Program, including the amount of any net proceeds from such offering of Common Shares and the use of any such proceeds;
• equity price risks related to Wheaton’s holding of longterm investments in other companies;
• risks relating to activist shareholders;
• risks relating to reputational damage;
• risks relating to expression of views by industry analysts;
• risks related to the impacts of climate change and the transition to a low-carbon economy;
• risks associated with the ability to achieve climate change and environmental commitments at Wheaton and at the Mining Operations;
• risks related to ensuring the security and safety of information systems, including cyber security risks;
• risks relating to generative artificial intelligence;
• risks relating to compliance with anti-corruption and anti-bribery laws;
• risks relating to corporate governance and public disclosure compliance;
• risks of significant impacts on Wheaton or the Mining Operations as a result of an epidemic or pandemic;
• risks related to the adequacy of internal control over financial reporting;
• other risks discussed in the section entitled “Description of the Business – Risk Factors” in Wheaton’s most recent Annual Information Form available on SEDAR+ at www.sedarplus.ca, and in Wheaton’s Form 40-F and Form 6-Ks, all on file with the U.S. Securities and Exchange Commission in Washington, D.C. and available on EDGAR (the "Disclosure”).

Forward-looking statements are based on assumptions management currently believes to be reasonable, including but not limited to:

• that there will be no material adverse change in the market price of commodities;
• that the Mining Operations will continue to operate and the mining projects will be completed in accordance with public statements and achieve their stated production estimates;
• that the mineral reserves and mineral resource estimates from Mining Operations (including reserve conversion rates) are accurate;
• that public disclosure and other information Wheaton receives from the owners and operators of the Mining Operations is accurate and complete;
• that the production estimates from Mining Operations are accurate;
• that each party will satisfy their obligations in accordance with the PMPAs;
• that Wheaton will continue to be able to fund or obtain funding for outstanding commitments;
• that Wheaton will be able to source and obtain accretive PMPAs;
• that the terms and conditions of a PMPA are sufficient to recover liabilities owed to Wheaton Precious Metals;
• that Wheaton has fully considered the value and impact of any third-party interests in PMPAs;
• that expectations regarding the resolution of legal and tax matters will be achieved (including CRA audits involving Wheaton Precious Metals);
• that Wheaton has properly considered the application of Canadian tax laws to its structure and operations;
• that Wheaton has filed its tax returns and paid applicable taxes in compliance with Canadian tax laws;
• that Wheaton's application of the CRA Settlement is accurate (including Wheaton Precious Metals’ assessment that there has been no material change in Wheaton Precious Metals’ facts or change in law or jurisprudence);
• that Wheaton’s assessment of the tax exposure and impact on Wheaton Precious Metals and its subsidiaries of the implementation of a 15% global minimum tax is accurate;
• that any sale of Common Shares under the ATM Program will not have a significant impact on the market price of the Common Shares and that the net proceeds of sales of Common Shares, if any, will be used as anticipated;
• that the trading of the Common Shares will not be adversely affected by the differences in liquidity, settlement and clearing systems as a result of multiple listings of the Common Shares on the LSE, the TSX and the NYSE;
• that the trading of Wheaton Precious Metals’ Common Shares will not be suspended;
• the estimate of the recoverable amount for any PMPA with an indicator of impairment;
• that neither Wheaton nor the Mining Operations will suffer significant impacts as a result of an epidemic or pandemic; and
• such other assumptions and factors as set out in the Disclosure.

Although Wheaton has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Wheaton. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. The forward-looking statements included herein are for the purpose of providing investors with information to assist them in understanding Wheaton’s expected financial and operational performance and may not be appropriate for other purposes. Any forward looking statement speaks only as of the date on which it is made. Wheaton does not undertake to update any forward-looking statements that are included or incorporated by reference herein, except in accordance with applicable securities laws.

Cautionary language regarding reserves and resources

For further information on Mineral Reserves and Mineral Resources and on Wheaton more generally, readers should refer to Wheaton’s Annual Information Form for the year ended December 31, 2023 and other continuous disclosure documents filed by Wheaton since January 1, 2024, available on SEDAR+ at www.sedarplus.ca. Wheaton’s Mineral Reserves and Mineral Resources are subject to the qualifications and notes set forth therein. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: The information contained herein has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms defined in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Definition Standards"). NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to U.S. companies. For example, there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under the standards of the SEC generally applicable to U.S. companies. Accordingly, information contained herein that describes Wheaton’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder. United States investors are urged to consider closely the disclosure in Wheaton’s Form 40-F, a copy of which may be obtained from Wheaton or from http://www.sec.gov/edgar.html.