Wheaton Precious Metals president and CEO Randy Smallwood.
Wheaton Precious Metals (TSX: WPM; NYSE: WPM; LSE: WPM) is celebrating one of its most active deal-making years, clinching eight transactions with over $1 billion in commitments over roughly the past 12 months, says president and CEO Randy Smallwood.
He says the current deal-making environment has worsened, lamenting a diminished availability of high-quality projects meeting the team’s investment criteria. He suggests the industry’s chronic underinvestment in exploration and development for new mines is partly to blame.