Commodities

Wheaton Metals' 2023 Sustainability Report Released on Investing.com

By Hazle Jakubowski

May 23, 2024

136

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") has announced the publication of its 2023 Sustainability Report (the "Report"), highlighting their commitment to Environmental, Social and Governance (ESG) considerations in all facets of their operations. 

 

The President and CEO of Wheaton stated that this report is a testament to Wheaton's pledge to uphold industry-leading best practices and invest in communities for positive outcomes. He emphasized on the crucial role mining industry plays in a low-carbon future and socio-economic development. As part of this, Wheaton provides capital to companies demonstrating responsible mining practices through its precious metals streaming business model. 

 

The 2023 Sustainability Report offers an extensive review of Wheaton’s performance across various ESG topics including updates on strategy, targets, commitments as well as oversight within the company. The information presented was guided by standards from leading bodies such as the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), and Task Force on Climate-Related Financial Disclosures (TCFD).  

 

Furthermore, the report serves as a progress update on implementing United Nations’ Global Compact's ten principles. It should be noted that a separate TCFD-aligned Climate Change Report will be released later this year with detailed climate-related disclosures. 

 

As one of world's premier precious metals streaming company with high-quality portfolio assets, Wheaton aims at delivering highest cash operating margins in mining industry which allows it pay competitive dividends whilst growing through accretive acquisitions. This unique business model provides investors leverage over commodity prices along with exploration upside but typically lower risk profile than traditional mining companies. 

 

In alignment with strong ESG practices, Wheaton is committed towards giving back to communities where they operate creating sustainable value through streaming approach while outperforming gold silver and other mining investments consistently. 

 

This press release does contain forward-looking statements concerning business operations financial performance under US Private Securities Litigation Reform Act 1995 and applicable Canadian securities legislation. These forward-looking statements are based on assumptions believed to be reasonable by the management but subject to known and unknown risks uncertainties factors which could lead actual results performance or achievements of Wheaton materially different from those expressed implied. 

 

Risks related to climate change, ESG matters, ability to achieve commitments goals at Wheaton and Mining Operations among others have been discussed in "Description of the Business Risk Factors" section in Wheaton's Annual Information Form available on SEDAR+ at www.sedarplus.ca  

 

Forward-looking statements are also based on other assumptions including no material adverse change in market price of commodities accurate future production estimations from mining operations mineral reserves resources each party satisfying their obligations as per precious metals purchase agreements royalty agreements application of CRA Settlement assessment impact implementation 15% global minimum tax expectations regarding resolution legal tax matters achieved. 

  

In conclusion, while there may be potential challenges ahead for Wheaton Precious Metals Corp., the company remains committed towards its vision for sustainable growth benefiting all stakeholders.



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