$62.0B
USD
Market cap · 2026–10 · week 40
🇨🇦 Canada, Vancouver
Country
Royalties & Streaming
Sector
Gold · Silver · Senior · Streamer · Canada · Brazil · Peru
Last updated 21 June 2026
Data compiled from public filings — information only, not investment advice. AI‑assisted; see methodology.
Overview:
Wheaton Precious Metals Corp. is a senior precious metals streaming company headquartered in Vancouver, Canada, with portfolio exposure across the Americas, Europe, and Africa spanning 18 countries. The portfolio comprises 42 long-term agreements with 34 different mining counterparties, structured as 34 precious metal purchase agreements (of which 3 are early deposit agreements) and 5 royalty agreements, covering 23 mining assets that are currently operating, 23 at various stages of development, and 2 in care and maintenance. Key assets include Salobo, Antamina, Peñasquito, Constancia, and Stillwater, complemented by emerging contributors such as Blackwater, Goose, and Platreef. The business model provides investors with leverage to gold, silver, palladium, and cobalt prices and exploration upside while avoiding the direct capital, environmental, and operating costs borne by mine operators. Under each purchase agreement, the entity makes an upfront payment plus a fixed per-unit cash payment for every ounce or pound delivered, generally set at or below prevailing market prices, insulating margins from cost inflation. Fixed per-ounce production payments across most operating streams underpin amongst the highest cash operating margins in the mining industry, supporting a competitive, growing dividend and continued accretive acquisitions. The organization's standing as a partner of choice that offers innovative and reliable capital solutions provides a durable competitive advantage. As a non-operator, the group remains exposed to commodity price cycles and the operational performance and decisions of third-party mine operators.
Strategy:
Strategic focus centers on enhancing the portfolio through the selective acquisition of high-quality streams on tier-one assets backed by experienced management teams. The enterprise intends to unlock value through scale and diversification, pursuing accretive transactions while preserving balance-sheet flexibility to act opportunistically across the commodity cycle. A core objective is to sustain a progressively growing dividend, which is formulaically linked to operating cash flow, without compromising the capacity to fund new growth. Capital allocation is prioritized toward geologically sound and technically robust projects, blending immediate cash flow from operating streams with a deep pipeline of development and pre-development interests. The group advances organic growth as development assets such as Blackwater, Goose, Platreef, Fenix, Mineral Park, and Marmato move toward and ramp into production. A defining growth target is approximately 50% production growth to 1.2 million gold equivalent ounces by 2030, driven by contributions from existing operating assets and the maturing development book, with attributable production further supported by recently added streams on Spring Valley, Hemlo, and the expanded Antamina silver interest.
Management:
Executive leadership is headed by President & Chief Executive Officer Haytham Hodaly, who assumed the role effective March 31, 2026 after playing a central part in the company's corporate development and growth strategy, succeeding long-tenured leader Randy Smallwood. The Board is chaired by Non-Executive Chair Randy Smallwood, a co-founder who led the enterprise as Chief Executive Officer for more than 15 years before transitioning to the chair. George Brack, who had served as Chair of the Board since 2022, now serves as Lead Independent Director, reinforcing independent oversight following the leadership transition. The senior team includes newly appointed Chief Financial Officer Vincent Lau and Executive Vice President, Strategy and General Counsel Curt Bernardi, who steward treasury discipline and transaction structuring. Governance is exercised through a Board of Directors operating under a framework of standing committees covering audit, governance and compensation matters, with directors required to disclose and manage potential conflicts of interest. The leadership group maintains a deliberately lean organizational structure, allowing a small specialized team to manage a large, globally diversified portfolio of streaming and royalty interests.
Sustainability:
The organization's sustainability framework is guided by environmental and corporate social responsibility policies, with sustainability considerations embedded directly into investment decisions and ongoing engagement with mining partners. The group works collaboratively with operators to support community investments that drive positive social and environmental outcomes at the asset level rather than operating mines itself. In 2025, the enterprise contributed nearly $9.4 million to over 150 charitable causes and initiatives worldwide, supporting education, health, community development, and environmental stewardship across its operating jurisdictions. A signature initiative is the Future of Mining Challenge, whose second edition focused on sustainable water management and selected Cetos Water as its winner for technology that converts mining wastewater into clean, reusable water. The company supports responsible mining practices among its counterparties and integrates environmental, social, and governance criteria into the due-diligence process applied before entering new stream and royalty agreements. These commitments reinforce the partner-of-choice positioning that underpins the firm's access to high-quality assets and operators.
Structure:
A major structural development came on February 16, 2026, when the company entered into a definitive purchase agreement with BHP Group Limited for BHP's 33.75% portion of the silver produced at the Antamina mine in Peru, for total upfront cash consideration of $4.3 billion; upon closing the combined silver interest rises to 67.5%, layered on top of the existing Glencore-sourced stream and commencing April 1, 2026. On November 6, 2025, the enterprise entered into a purchase agreement with Waterton Gold LP for gold production from the Spring Valley project in Nevada, committing total upfront cash consideration of $670 million in staged installments plus an associated facility of up to $150 million. On November 26, 2025, the group entered into a $300 million purchase agreement with Hemlo Mining Corp. covering the operating Hemlo gold mine in Ontario, alongside a $30 million (Cdn$42 million) participation in Hemlo's October 2025 equity offering. In connection with CMOC's acquisition of Lumina, CMOC exercised a 33% buy-back option under the Cangrejos agreement for a cash payment of $102 million, generating an $86 million gain. The corporate structure is held through wholly-owned subsidiaries including Wheaton Precious Metals International Ltd., Silver Wheaton Luxembourg S.a.r.l., and Wheaton Precious Metals (Cayman) Co., which hold many of the international stream agreements.
Hedge:
The treasury policy maintains an unhedged posture across long-term commodity exposures so that shareholders retain direct, undiluted leverage to gold, silver, palladium, and cobalt prices over the life of each agreement. To mitigate short-term volatility, the policy permits occasionally entering into forward contracts in respect of deliveries that the company is highly confident will occur within a given quarter, a tactical rather than structural use of derivatives. As of December 31, 2025, the company had not used derivative financial instruments to manage the risks associated with its long-term operations and accordingly remained inherently exposed to currency, interest-rate, and commodity price fluctuations.
Source:
Wheaton Precious Metals Corp. - Annual Report - 2025
Stream Operating · 17 projects
Salobo
Asset · Stream · Operating
Brazil
Gold
4/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Vale SA
Operator name:
Vale SA
Environment:
Onshore
Environment:
Onshore
Country:
Brazil
Country:
Brazil
Interest conditions:
75% of payable gold; Per ounce cash payment of $433; The Company will be required to make annual payments of $8 million over a 10-year period if the Salobo mine implements a high-grade mine plan.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Salobo mine operated by Vale in Brazil. Expected to deliver significant attributable gold production.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
75% of payable gold; Per ounce cash payment of $433; The Company will be required to make annual payments of $8 million over a 10-year period if the Salobo mine implements a high-grade mine plan.
|
8.29 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
75% of payable gold; Per ounce cash payment of $433; The Company will be required to make annual payments of $8 million over a 10-year period if the Salobo mine implements a high-grade mine plan.
8.29 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
767.7 mt
|
8.29 moz
|
0.34 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
767.7 mt
Contained
8.29 moz
Grade
0.34 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
6.22 moz
|
6.22 moz
|
Commodity
Gold
Prov. & Prob. (share %)
6.22 moz
Total (share %)
6.22 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Antamina
Asset · Stream · Operating
Peru
Silver
2/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Glencore / BHP
Operator name:
Glencore / BHP
Environment:
Onshore
Environment:
Onshore
Country:
Peru
Country:
Peru
Interest conditions:
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Antamina mine operated by Glencore and BHP in Peru.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
|
72.8 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
72.8 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
261.2 mt
|
72.8 moz
|
8.7 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
261.2 mt
Contained
72.8 moz
Grade
8.7 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
49.14 moz
|
49.14 moz
|
Commodity
Silver
Prov. & Prob. (share %)
49.14 moz
Total (share %)
49.14 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Antamina
|
🇵🇪 Peru, Ancash
|
1.66% NPI royalty on all metals produced from areas subject to our royalty interest at the Antamina mine.
|
Antamina
Location
Conditions
🇵🇪 Peru, Ancash
1.66% NPI royalty on all metals produced from areas subject to our royalty interest at the Antamina mine.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Antamina
|
🇵🇪 Peru, Ancash
|
Stream based on recovered silver from Teck's attributable 22.5% interest in Antamina, subject to fixed 90% payability; Ongoing payment of 5% of spot silver price; Stream reduces by one-third after 86 Moz Ag delivered.
|
Antamina
Location
Conditions
🇵🇪 Peru, Ancash
Stream based on recovered silver from Teck's attributable 22.5% interest in Antamina, subject to fixed 90% payability; Ongoing payment of 5% of spot silver price; Stream reduces by one-third after 86 Moz Ag delivered.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Peñasquito
Asset · Stream · Operating
Mexico
Silver
2/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Newmont Corp.
Operator name:
Newmont Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Mexico
Country:
Mexico
Interest conditions:
25% of payable silver; Per ounce cash payment of $4.62.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Peñasquito mine operated by Newmont in Mexico.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
25% of payable silver; Per ounce cash payment of $4.62.
|
57.5 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
25% of payable silver; Per ounce cash payment of $4.62.
57.5 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
55.3 mt
|
57.5 moz
|
32.4 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
55.3 mt
Contained
57.5 moz
Grade
32.4 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
14.38 moz
|
14.38 moz
|
Commodity
Silver
Prov. & Prob. (share %)
14.38 moz
Total (share %)
14.38 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Peñasquito
|
🇲🇽 Mexico, Zacatecas
|
2.0% NSR royalty on all metals produced from areas subject to our royalty interest at the Peñasquito mine. Acquired in January 2007 from Minera Kennecott S.A. de C.V.
|
Peñasquito
Location
Conditions
🇲🇽 Mexico, Zacatecas
2.0% NSR royalty on all metals produced from areas subject to our royalty interest at the Peñasquito mine. Acquired in January 2007 from Minera Kennecott S.A. de C.V.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Aljustrel
Asset · Stream · Operating
Portugal, Iberian Pyrite Belt
Silver
2/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Almina
Operator name:
Almina
Environment:
Onshore
Environment:
Onshore
Country:
Portugal
Country:
Portugal
Geological province:
Iberian Pyrite Belt
Geological province:
Iberian Pyrite Belt
Interest conditions:
100% of payable silver contained in concentrate containing less than 15% copper for 50 years.
Description
As at 31 December 2025
Wheaton 50-year silver stream on the Aljustrel mine operated by Almina in Portugal.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver contained in concentrate containing less than 15% copper for 50 years.
|
36 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver contained in concentrate containing less than 15% copper for 50 years.
36 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
27 mt
|
36 moz
|
41.4 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
27 mt
Contained
36 moz
Grade
41.4 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
36 moz
|
36 moz
|
Commodity
Silver
Prov. & Prob. (share %)
36 moz
Total (share %)
36 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Constancia
Asset · Stream · Operating
Peru
Silver
2/5
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Hudbay
Operator name:
Hudbay
Environment:
Onshore
Environment:
Onshore
Country:
Peru
Country:
Peru
Interest conditions:
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
Description
As at 31 December 2025
Wheaton life-of-mine silver and gold stream on the Constancia mine operated by Hudbay in Peru.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
|
42.1 moz P&P + M&I
|
|
Gold
|
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
|
0.34 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
42.1 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Gold
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
0.34 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
258.5 mt
|
0.34 moz
|
0.04 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
516.9 mt
|
42.1 moz
|
2.5 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
258.5 mt
Contained
0.34 moz
Grade
0.04 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
516.9 mt
Contained
42.1 moz
Grade
2.5 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
42.1 moz
|
42.1 moz
|
|
Gold
|
0.34 moz
|
0.34 moz
|
Commodity
Silver
Prov. & Prob. (share %)
42.1 moz
Total (share %)
42.1 moz
Commodity
Gold
Prov. & Prob. (share %)
0.34 moz
Total (share %)
0.34 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Los Filos
Asset · Stream · Operating
Mexico, Guerrero Gold Belt
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Equinox Gold Corp.
Operator name:
Equinox Gold Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Mexico
Country:
Mexico
Geological province:
Guerrero Gold Belt
Geological province:
Guerrero Gold Belt
Interest conditions:
100% of payable silver for 25 years; Per ounce cash payment of $4.74.
Description
As at 31 December 2025
Wheaton 25-year silver stream on the Los Filos mine operated by Equinox Gold in Mexico.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver for 25 years; Per ounce cash payment of $4.74.
|
12.8 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver for 25 years; Per ounce cash payment of $4.74.
12.8 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
70.7 mt
|
12.8 moz
|
5.6 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
70.7 mt
Contained
12.8 moz
Grade
5.6 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
12.8 moz
|
12.8 moz
|
Commodity
Silver
Prov. & Prob. (share %)
12.8 moz
Total (share %)
12.8 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Marmato
Asset · Stream · Operating
Colombia
Gold
1/5
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Aris Mining Corp.
Operator name:
Aris Mining Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Colombia
Country:
Colombia
Interest conditions:
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
Description
As at 31 December 2025
Wheaton life-of-mine silver and gold stream on the Marmato mine operated by Aris Mining in Colombia.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
|
0.33 moz P&P + M&I
|
|
Silver
|
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
|
5.8 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
0.33 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
5.8 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
3.2 mt
|
0.33 moz
|
3.16 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
29.5 mt
|
5.8 moz
|
6.1 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
3.2 mt
Contained
0.33 moz
Grade
3.16 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
29.5 mt
Contained
5.8 moz
Grade
6.1 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.33 moz
|
0.33 moz
|
|
Silver
|
5.8 moz
|
5.8 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.33 moz
Total (share %)
0.33 moz
Commodity
Silver
Prov. & Prob. (share %)
5.8 moz
Total (share %)
5.8 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Neves-Corvo
Asset · Stream · Operating
Portugal, Iberian Pyrite Belt
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Boliden
Operator name:
Boliden
Environment:
Onshore
Environment:
Onshore
Country:
Portugal
Country:
Portugal
Geological province:
Iberian Pyrite Belt
Geological province:
Iberian Pyrite Belt
Interest conditions:
100% of payable silver for 50 years; Per ounce cash payment of $4.55.
Description
As at 31 December 2025
Wheaton 50-year silver stream on the Neves-Corvo mine operated by Boliden in Portugal.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver for 50 years; Per ounce cash payment of $4.55.
|
23.6 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver for 50 years; Per ounce cash payment of $4.55.
23.6 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
24 mt
|
23.6 moz
|
30.7 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
24 mt
Contained
23.6 moz
Grade
30.7 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
23.6 moz
|
23.6 moz
|
Commodity
Silver
Prov. & Prob. (share %)
23.6 moz
Total (share %)
23.6 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Stillwater
Asset · Stream · Operating
United States, Stillwater Complex
Gold
1/5
Palladium
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Sibanye-Stillwater Ltd.
Operator name:
Sibanye-Stillwater Ltd.
Environment:
Onshore
Environment:
Onshore
Country:
United States
Country:
United States
Geological province:
Stillwater Complex
Geological province:
Stillwater Complex
Interest conditions:
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
Description
As at 31 December 2025
Wheaton life-of-mine gold and palladium stream on the Stillwater mines operated by Sibanye-Stillwater in the United States.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
|
0.53 moz P&P + M&I
|
|
Palladium
|
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
|
0.48 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
0.53 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Palladium
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
0.48 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
45 mt
|
0.53 moz
|
0.37 g/t
|
—
|
2025-12-31
|
|
Palladium
|
Proven And Probable
|
No
|
1.4 mt
|
0.48 moz
|
10.5 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
45 mt
Contained
0.53 moz
Grade
0.37 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Palladium
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.4 mt
Contained
0.48 moz
Grade
10.5 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.53 moz
|
0.53 moz
|
|
Palladium
|
0.48 moz
|
0.48 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.53 moz
Total (share %)
0.53 moz
Commodity
Palladium
Prov. & Prob. (share %)
0.48 moz
Total (share %)
0.48 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Zinkgruvan
Asset · Stream · Operating
Sweden
Silver
2/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Boliden
Operator name:
Boliden
Environment:
Onshore
Environment:
Onshore
Country:
Sweden
Country:
Sweden
Interest conditions:
100% of payable silver; Per ounce cash payment of $4.81.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Zinkgruvan mine operated by Boliden in Sweden.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver; Per ounce cash payment of $4.81.
|
31.8 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver; Per ounce cash payment of $4.81.
31.8 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
13.8 mt
|
31.8 moz
|
71.6 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
13.8 mt
Contained
31.8 moz
Grade
71.6 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
31.8 moz
|
31.8 moz
|
Commodity
Silver
Prov. & Prob. (share %)
31.8 moz
Total (share %)
31.8 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Sudbury
Asset · Stream · Operating
Canada, Sudbury Igneous Complex
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Vale SA
Operator name:
Vale SA
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Geological province:
Sudbury Igneous Complex
Geological province:
Sudbury Igneous Complex
Interest conditions:
70% of payable gold for 20 years; Per ounce cash payment of $400.
Description
As at 31 December 2025
Wheaton 20-year gold stream on the Sudbury mines operated by Vale in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
70% of payable gold for 20 years; Per ounce cash payment of $400.
|
0.29 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
70% of payable gold for 20 years; Per ounce cash payment of $400.
0.29 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
21.2 mt
|
0.29 moz
|
0.42 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
21.2 mt
Contained
0.29 moz
Grade
0.42 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.2 moz
|
0.2 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.2 moz
Total (share %)
0.2 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Sudbury
|
🇨🇦 Canada, Ontario
|
50% of precious metals contained in ore produced from the footwall portions of McCreedy West, Levack and Podolsky. Ongoing payment of 60% of spot price when gold exceeds $1,333/oz (capped at $1,200/oz).
|
Location
Conditions
🇨🇦 Canada, Ontario
50% of precious metals contained in ore produced from the footwall portions of McCreedy West, Levack and Podolsky. Ongoing payment of 60% of spot price when gold exceeds $1,333/oz (capped at $1,200/oz).
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Cozamin
Asset · Stream · Operating
Mexico
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Capstone Copper Corp.
Operator name:
Capstone Copper Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Mexico
Country:
Mexico
Interest conditions:
50% of payable silver until 10 million ounces, then 33%.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Cozamin mine operated by Capstone in Mexico.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
50% of payable silver until 10 million ounces, then 33%.
|
3.7 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
50% of payable silver until 10 million ounces, then 33%.
3.7 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
2.8 mt
|
3.7 moz
|
40.6 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
2.8 mt
Contained
3.7 moz
Grade
40.6 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
1.85 moz
|
1.85 moz
|
Commodity
Silver
Prov. & Prob. (share %)
1.85 moz
Total (share %)
1.85 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Cozamin Mine
|
🇲🇽 Mexico, Zacatecas
|
1.0% NSR Cu/Ag on southeastern portion of Cozamin mine (Calicanto and Mala Noche veins)
|
Cozamin Mine
Location
Conditions
🇲🇽 Mexico, Zacatecas
1.0% NSR Cu/Ag on southeastern portion of Cozamin mine (Calicanto and Mala Noche veins)
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Voisey's Bay
Asset · Stream · Operating
Canada
Cobalt
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Vale SA
Operator name:
Vale SA
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
42.4% of payable cobalt until 31 million pounds, then 21.2%; Per pound cash payment of $9.02.
Description
As at 31 December 2025
Wheaton life-of-mine cobalt stream on the Voisey's Bay mine operated by Vale in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Cobalt
|
42.4% of payable cobalt until 31 million pounds, then 21.2%; Per pound cash payment of $9.02.
|
13.06 kt P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Cobalt
42.4% of payable cobalt until 31 million pounds, then 21.2%; Per pound cash payment of $9.02.
13.06 kt P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Cobalt
|
Proven And Probable
|
No
|
12 mt
|
13.06 kt
|
0.11 %
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Cobalt
Category
Proven And Probable
Incl. of reserves
No
Tonnage
12 mt
Contained
13.06 kt
Grade
0.11 %
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Cobalt
|
5.54 kt
|
5.54 kt
|
Commodity
Cobalt
Prov. & Prob. (share %)
5.54 kt
Total (share %)
5.54 kt
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Voisey's Bay
|
🇨🇦 Canada, Newfoundland and Labrador
|
3% NVR on all metals produced from Voisey’s Bay, of which Royal Gold, Inc.’s wholly-owned indirect subsidiary, International Royalty Corporation, is the general partner and 90% owner.
|
Voisey's Bay
Location
Conditions
🇨🇦 Canada, Newfoundland and Labrador
3% NVR on all metals produced from Voisey’s Bay, of which Royal Gold, Inc.’s wholly-owned indirect subsidiary, International Royalty Corporation, is the general partner and 90% owner.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Voisey's Bay
|
🇨🇦 Canada, Newfoundland and Labrador
|
22.82% stream of all cobalt production from open pit and underground operations; Steps down to 11.41% once 7,600t of finished cobalt has been delivered; Purchase price is 18% of industry cobalt reference price until the original $300M upfront deposit is reduced to nil, increasing to 22% thereafter.
|
Voisey's Bay
Location
Conditions
🇨🇦 Canada, Newfoundland and Labrador
22.82% stream of all cobalt production from open pit and underground operations; Steps down to 11.41% once 7,600t of finished cobalt has been delivered; Purchase price is 18% of industry cobalt reference price until the original $300M upfront deposit is reduced to nil, increasing to 22% thereafter.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
San Dimas
Asset · Stream · Operating
Mexico
Gold
1/5
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
First Majestic Silver Corp.
Operator name:
First Majestic Silver Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Mexico
Country:
Mexico
Interest conditions:
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the San Dimas mine operated by First Majestic in Mexico.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
|
0.07 moz P&P + M&I
|
|
Silver
|
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
|
6.4 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
0.07 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Silver
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
6.4 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
0.8 mt
|
0.07 moz
|
2.84 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
0.8 mt
|
6.4 moz
|
245.5 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
0.8 mt
Contained
0.07 moz
Grade
2.84 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
0.8 mt
Contained
6.4 moz
Grade
245.5 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.02 moz
|
0.02 moz
|
|
Silver
|
1.6 moz
|
1.6 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.02 moz
Total (share %)
0.02 moz
Commodity
Silver
Prov. & Prob. (share %)
1.6 moz
Total (share %)
1.6 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Hemlo
Asset · Stream · Operating
Canada
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Hemlo Mining Corp.
Operator name:
Hemlo Mining Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
10.13% of payable gold until 135,750 ounces, then 6.75% until an additional 117,998 ounces, then 4.5%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Hemlo mine operated by Hemlo Mining Corp. in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
10.13% of payable gold until 135,750 ounces, then 6.75% until an additional 117,998 ounces, then 4.5%.
|
0.07 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
10.13% of payable gold until 135,750 ounces, then 6.75% until an additional 117,998 ounces, then 4.5%.
0.07 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
2.6 mt
|
0.07 moz
|
0.85 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
2.6 mt
Contained
0.07 moz
Grade
0.85 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.01 moz
|
0.01 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.01 moz
Total (share %)
0.01 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Hemlo
|
🇨🇦 Canada, Ontario
|
3% NSR royalty and a 50% NPI royalty on a portion of the western down-dip underground extension, principally the Lower C Zone. The 50% NPI portion of the royalty began paying in the third quarter of 2012 after the upfront capital costs had been recovered by Barrick.
|
|
|
Hemlo (TPFM Royalty)
|
🇨🇦 Canada, Ontario
|
NSR royalty on Hemlo gold mine
|
Location
Conditions
🇨🇦 Canada, Ontario
3% NSR royalty and a 50% NPI royalty on a portion of the western down-dip underground extension, principally the Lower C Zone. The 50% NPI portion of the royalty began paying in the third quarter of 2012 after the upfront capital costs had been recovered by Barrick.
Hemlo (TPFM Royalty)
Location
Conditions
🇨🇦 Canada, Ontario
NSR royalty on Hemlo gold mine
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Blackwater
Asset · Stream · Operating
Canada
Silver
2/5
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Artemis Gold Inc.
Operator name:
Artemis Gold Inc.
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
Description
As at 31 December 2025
Wheaton life-of-mine gold and silver stream on the Blackwater mine operated by Artemis Gold in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
|
31.6 moz P&P + M&I
|
|
Gold
|
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
|
0.57 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
31.6 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Gold
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
0.57 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
24.1 mt
|
0.57 moz
|
0.74 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
169.9 mt
|
31.6 moz
|
5.8 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
24.1 mt
Contained
0.57 moz
Grade
0.74 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
169.9 mt
Contained
31.6 moz
Grade
5.8 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
2.53 moz
|
2.53 moz
|
|
Gold
|
0.05 moz
|
0.05 moz
|
Commodity
Silver
Prov. & Prob. (share %)
2.53 moz
Total (share %)
2.53 moz
Commodity
Gold
Prov. & Prob. (share %)
0.05 moz
Total (share %)
0.05 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Blackwater
|
🇨🇦 Canada, British Columbia
|
0.21% NSR royalty on gold and silver.
|
Blackwater
Location
Conditions
🇨🇦 Canada, British Columbia
0.21% NSR royalty on gold and silver.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Goose
Asset · Stream · Operating
Canada
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
B2Gold Corp.
Operator name:
B2Gold Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
2.78% of payable gold until 87,100 ounces, then 1.44% until 134,000 ounces, then 1.0%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Goose mine operated by B2Gold in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
2.78% of payable gold until 87,100 ounces, then 1.44% until 134,000 ounces, then 1.0%.
|
0.07 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
2.78% of payable gold until 87,100 ounces, then 1.44% until 134,000 ounces, then 1.0%.
0.07 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
0.3 mt
|
0.07 moz
|
6.82 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
0.3 mt
Contained
0.07 moz
Grade
6.82 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0 moz
|
0 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0 moz
Total (share %)
0 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Stream Development · 19 projects
Copper World Complex
Asset · Stream · Development
United States
Silver
2/5
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Hudbay
Operator name:
Hudbay
Environment:
Onshore
Environment:
Onshore
Country:
United States
Country:
United States
Interest conditions:
100% of payable gold and silver.
Description
As at 31 December 2025
Wheaton life-of-mine gold and silver stream on the Copper World Complex operated by Hudbay in the United States.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable gold and silver.
|
67.4 moz P&P + M&I
|
|
Gold
|
100% of payable gold and silver.
|
0.31 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable gold and silver.
67.4 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Gold
100% of payable gold and silver.
0.31 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
385.1 mt
|
0.31 moz
|
0.02 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
385.1 mt
|
67.4 moz
|
5.4 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
385.1 mt
Contained
0.31 moz
Grade
0.02 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
385.1 mt
Contained
67.4 moz
Grade
5.4 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
67.4 moz
|
67.4 moz
|
|
Gold
|
0.31 moz
|
0.31 moz
|
Commodity
Silver
Prov. & Prob. (share %)
67.4 moz
Total (share %)
67.4 moz
Commodity
Gold
Prov. & Prob. (share %)
0.31 moz
Total (share %)
0.31 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Copper World Project
|
🇺🇸 United States, Arizona
|
Arizona, United States | Operator: Hudbay Minerals Inc. | Metals: Cu, Mo, Ag & Au | Royalty: NSR: 2.085%
|
|
|
Copper World
|
🇺🇸 United States, Arizona
|
0.315% NSR Royalty (right of first refusal for additional 0.360% NSR Royalty).
|
Copper World Project
Location
Conditions
🇺🇸 United States, Arizona
Arizona, United States | Operator: Hudbay Minerals Inc. | Metals: Cu, Mo, Ag & Au | Royalty: NSR: 2.085%
Location
Conditions
🇺🇸 United States, Arizona
0.315% NSR Royalty (right of first refusal for additional 0.360% NSR Royalty).
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Kutcho
Asset · Stream · Development
Canada
Gold
1/5
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Kutcho
Operator name:
Kutcho
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
100% of payable gold and silver.
Description
As at 31 December 2025
Wheaton life-of-mine gold and silver stream on the Kutcho project operated by Kutcho in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
100% of payable gold and silver.
|
0.21 moz P&P + M&I
|
|
Silver
|
100% of payable gold and silver.
|
15.6 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
100% of payable gold and silver.
0.21 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Silver
100% of payable gold and silver.
15.6 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
17.4 mt
|
0.21 moz
|
0.38 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
17.4 mt
|
15.6 moz
|
27.9 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
17.4 mt
Contained
0.21 moz
Grade
0.38 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
17.4 mt
Contained
15.6 moz
Grade
27.9 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.21 moz
|
0.21 moz
|
|
Silver
|
15.6 moz
|
15.6 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.21 moz
Total (share %)
0.21 moz
Commodity
Silver
Prov. & Prob. (share %)
15.6 moz
Total (share %)
15.6 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Kutcho Creek
|
🇨🇦 Canada, British Columbia
|
Kutcho Creek polymetallic development royalty
|
Kutcho Creek
Location
Conditions
🇨🇦 Canada, British Columbia
Kutcho Creek polymetallic development royalty
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Marathon
Asset · Stream · Development
Canada
Gold
1/5
Platinum
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Generation Mining Ltd.
Operator name:
Generation Mining Ltd.
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
Description
As at 31 December 2025
Wheaton life-of-mine gold and platinum stream on the Marathon project operated by Generation Mining in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
|
0.28 moz P&P + M&I
|
|
Platinum
|
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
|
0.18 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
0.28 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Platinum
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
0.18 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
123.8 mt
|
0.28 moz
|
0.07 g/t
|
—
|
2025-12-31
|
|
Platinum
|
Proven And Probable
|
No
|
28.2 mt
|
0.18 moz
|
0.2 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
123.8 mt
Contained
0.28 moz
Grade
0.07 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Platinum
Category
Proven And Probable
Incl. of reserves
No
Tonnage
28.2 mt
Contained
0.18 moz
Grade
0.2 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.28 moz
|
0.28 moz
|
|
Platinum
|
0.18 moz
|
0.18 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.28 moz
Total (share %)
0.28 moz
Commodity
Platinum
Prov. & Prob. (share %)
0.18 moz
Total (share %)
0.18 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Mineral Park
Asset · Stream · Development
United States
Silver
2/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Waterton Copper LP
Operator name:
Waterton Copper LP
Environment:
Onshore
Environment:
Onshore
Country:
United States
Country:
United States
Interest conditions:
100% of payable silver.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Mineral Park mine operated by Waterton Copper in the United States.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver.
|
28.9 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver.
28.9 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Silver
|
Proven And Probable
|
No
|
370.4 mt
|
28.9 moz
|
2.4 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
370.4 mt
Contained
28.9 moz
Grade
2.4 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Silver
|
28.9 moz
|
28.9 moz
|
Commodity
Silver
Prov. & Prob. (share %)
28.9 moz
Total (share %)
28.9 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Santo Domingo
Asset · Stream · Development
Chile
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Capstone Copper Corp.
Operator name:
Capstone Copper Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Chile
Country:
Chile
Interest conditions:
100% of payable gold until 285,000 ounces, then 67%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Santo Domingo project operated by Capstone in Chile.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
100% of payable gold until 285,000 ounces, then 67%.
|
0.61 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
100% of payable gold until 285,000 ounces, then 67%.
0.61 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
419.4 mt
|
0.61 moz
|
0.05 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
419.4 mt
Contained
0.61 moz
Grade
0.05 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.61 moz
|
0.61 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.61 moz
Total (share %)
0.61 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Stratoni
Asset · Stream · Development
Greece
Silver
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Eldorado Gold Corp.
Operator name:
Eldorado Gold Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Greece
Country:
Greece
Interest conditions:
100% of payable silver.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Stratoni mine operated by Eldorado Gold in Greece.
Stream interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
100% of payable silver.
|
-
|
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver.
-
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
El Domo
Asset · Stream · Development
Ecuador
Gold
1/5
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Silvercorp Metals Inc.
Operator name:
Silvercorp Metals Inc.
Environment:
Onshore
Environment:
Onshore
Country:
Ecuador
Country:
Ecuador
Interest conditions:
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
Description
As at 31 December 2025
Wheaton life-of-mine silver and gold stream on the El Domo project operated by Silvercorp in Ecuador.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
|
0.26 moz P&P + M&I
|
|
Silver
|
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
|
7.1 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
0.26 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Silver
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
7.1 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
3.2 mt
|
0.26 moz
|
2.52 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
4.9 mt
|
7.1 moz
|
45.7 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
3.2 mt
Contained
0.26 moz
Grade
2.52 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
4.9 mt
Contained
7.1 moz
Grade
45.7 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.2 moz
|
0.2 moz
|
|
Silver
|
5.32 moz
|
5.32 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.2 moz
Total (share %)
0.2 moz
Commodity
Silver
Prov. & Prob. (share %)
5.32 moz
Total (share %)
5.32 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Platreef
Asset · Stream · Development
South Africa, Bushveld Igneous Complex
Gold
1/5
Palladium
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Ivanhoe Mines Ltd.
Operator name:
Ivanhoe Mines Ltd.
Environment:
Onshore
Environment:
Onshore
Country:
South Africa
Country:
South Africa
Geological province:
Bushveld Igneous Complex
Geological province:
Bushveld Igneous Complex
Interest conditions:
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
Description
As at 31 December 2025
Wheaton life-of-mine gold, palladium, and platinum stream on the Platreef project operated by Ivanhoe Mines in South Africa.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
|
0.67 moz P&P + M&I
|
|
Palladium
|
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
|
0.35 moz P&P + M&I
|
|
Platinum
|
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
|
0.34 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
0.67 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Palladium
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
0.35 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Platinum
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
0.34 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
72.3 mt
|
0.67 moz
|
0.29 g/t
|
—
|
2025-12-31
|
|
Palladium
|
Proven And Probable
|
No
|
5.7 mt
|
0.35 moz
|
1.9 g/t
|
—
|
2025-12-31
|
|
Platinum
|
Proven And Probable
|
No
|
5.7 mt
|
0.34 moz
|
1.9 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
72.3 mt
Contained
0.67 moz
Grade
0.29 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Palladium
Category
Proven And Probable
Incl. of reserves
No
Tonnage
5.7 mt
Contained
0.35 moz
Grade
1.9 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Platinum
Category
Proven And Probable
Incl. of reserves
No
Tonnage
5.7 mt
Contained
0.34 moz
Grade
1.9 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.42 moz
|
0.42 moz
|
|
Palladium
|
0.22 moz
|
0.22 moz
|
|
Platinum
|
0.21 moz
|
0.21 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.42 moz
Total (share %)
0.42 moz
Commodity
Palladium
Prov. & Prob. (share %)
0.22 moz
Total (share %)
0.22 moz
Commodity
Platinum
Prov. & Prob. (share %)
0.21 moz
Total (share %)
0.21 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Stream | ||
|---|---|---|---|
| Location | Conditions | ||
|
Platreef
|
🇿🇦 South Africa, Limpopo
|
37.5% of payable gold, until 131,250 ounces of gold have been delivered; then, 30% of payable gold until 256,980 cumulative ounces have been delivered; then, if 256,980 cumulative ounces have not been delivered by December 7, 2061, 1.875% of payable gold thereafter. The gold stream is based on all recovered gold produced from Platreef, subject to a fixed payability of 80%. Royal Gold will make ongoing payments of $100 per ounce for each ounce of gold delivered until 256,980 ounces have been delivered, and then 80% of the spot price of gold for each ounce delivered thereafter.
|
Platreef
Location
Conditions
🇿🇦 South Africa, Limpopo
37.5% of payable gold, until 131,250 ounces of gold have been delivered; then, 30% of payable gold until 256,980 cumulative ounces have been delivered; then, if 256,980 cumulative ounces have not been delivered by December 7, 2061, 1.875% of payable gold thereafter. The gold stream is based on all recovered gold produced from Platreef, subject to a fixed payability of 80%. Royal Gold will make ongoing payments of $100 per ounce for each ounce of gold delivered until 256,980 ounces have been delivered, and then 80% of the spot price of gold for each ounce delivered thereafter.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Cotabambas
Asset · Stream · Development
Peru
GoldSilver
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Panoro
Operator name:
Panoro
Environment:
Onshore
Environment:
Onshore
Country:
Peru
Country:
Peru
Interest conditions:
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
Description
As at 31 December 2025
Wheaton life-of-mine gold and silver stream on the Cotabambas project operated by Panoro in Peru.
Stream interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
|
-
|
|
Silver
|
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
|
-
|
Commodity
Conditions
Reserves & Resources
Gold
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
-
Commodity
Conditions
Reserves & Resources
Silver
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
-
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
El Alto
Asset · Stream · Development
Chile
Silver
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Barrick
Operator name:
Barrick
Environment:
Onshore
Environment:
Onshore
Country:
Chile
Country:
Chile
Interest conditions:
25% of payable silver.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the El Alto project operated by Barrick in Chile and Argentina.
Stream interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
25% of payable silver.
|
-
|
Commodity
Conditions
Reserves & Resources
Silver
25% of payable silver.
-
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Fenix
Asset · Stream · Development
Chile
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Rio2 Limited
Operator name:
Rio2 Limited
Environment:
Onshore
Environment:
Onshore
Country:
Chile
Country:
Chile
Interest conditions:
22% of payable gold until 130,625 ounces, then 6% until 185,000 ounces, then 4% until 235,000 ounces, then 3.5%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Fenix project operated by Rio2 in Chile.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
22% of payable gold until 130,625 ounces, then 6% until 185,000 ounces, then 4% until 235,000 ounces, then 3.5%.
|
0.23 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
22% of payable gold until 130,625 ounces, then 6% until 185,000 ounces, then 4% until 235,000 ounces, then 3.5%.
0.23 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
15.1 mt
|
0.23 moz
|
0.48 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
15.1 mt
Contained
0.23 moz
Grade
0.48 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.05 moz
|
0.05 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.05 moz
Total (share %)
0.05 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Koné
Asset · Stream · Development
Cote Divoire
Gold
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Montage Gold Corp.
Operator name:
Montage Gold Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Cote dIvoire
Country:
Cote dIvoire
Interest conditions:
19.5% of payable gold until 400,000 ounces, then 10.8% until 530,000 ounces, then 5.4%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Koné project operated by Montage Gold in Côte d'Ivoire.
Stream interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
19.5% of payable gold until 400,000 ounces, then 10.8% until 530,000 ounces, then 5.4%.
|
-
|
Commodity
Conditions
Reserves & Resources
Gold
19.5% of payable gold until 400,000 ounces, then 10.8% until 530,000 ounces, then 5.4%.
-
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Koné
|
🇨🇮 Cote dIvoire, Worodougou Region
|
Koné NSR royalty
|
Location
Conditions
🇨🇮 Cote dIvoire, Worodougou Region
Koné NSR royalty
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Navidad
Asset · Stream · Development
Argentina
Silver
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Pan American Silver Corp.
Operator name:
Pan American Silver Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Argentina
Country:
Argentina
Interest conditions:
12.5% of payable silver.
Description
As at 31 December 2025
Wheaton life-of-mine silver stream on the Navidad project operated by Pan American Silver in Argentina.
Stream interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Silver
|
12.5% of payable silver.
|
-
|
Commodity
Conditions
Reserves & Resources
Silver
12.5% of payable silver.
-
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Toroparu
Asset · Stream · Development
Guyana
GoldSilver
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Aris Mining Corp.
Operator name:
Aris Mining Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Guyana
Country:
Guyana
Interest conditions:
10% of payable gold; 50% of payable silver.
Description
As at 31 December 2025
Wheaton life-of-mine gold and silver stream on the Toroparu project operated by Aris Mining in Guyana.
Stream interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
10% of payable gold; 50% of payable silver.
|
-
|
|
Silver
|
10% of payable gold; 50% of payable silver.
|
-
|
Commodity
Conditions
Reserves & Resources
Gold
10% of payable gold; 50% of payable silver.
-
Commodity
Conditions
Reserves & Resources
Silver
10% of payable gold; 50% of payable silver.
-
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Spring Valley
Asset · Stream · Development
United States
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Waterton Gold LP
Operator name:
Waterton Gold LP
Environment:
Onshore
Environment:
Onshore
Country:
United States
Country:
United States
Interest conditions:
8% of payable gold until 300,000 ounces, then 6%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Spring Valley project operated by Waterton Gold in the United States.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
8% of payable gold until 300,000 ounces, then 6%.
|
0.31 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
8% of payable gold until 300,000 ounces, then 6%.
0.31 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
22.3 mt
|
0.31 moz
|
0.43 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
22.3 mt
Contained
0.31 moz
Grade
0.43 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.02 moz
|
0.02 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.02 moz
Total (share %)
0.02 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
Spring Valley
|
🇺🇸 United States, Nevada
|
0.5-3.5% NSR royalty Au (acquired via Terraco Gold Feb 2026)
|
|
|
Spring Valley
|
🇺🇸 United States, Nevada
|
Up to 3% NSR sliding scale royalty on the main portion of the Spring Valley Project; 3% NSR applies when gold price is $700/oz or higher; Sliding scale NSR is not payable on the first 500,000 ounces of gold recovered.
|
Spring Valley
Location
Conditions
🇺🇸 United States, Nevada
0.5-3.5% NSR royalty Au (acquired via Terraco Gold Feb 2026)
Spring Valley
Location
Conditions
🇺🇸 United States, Nevada
Up to 3% NSR sliding scale royalty on the main portion of the Spring Valley Project; 3% NSR applies when gold price is $700/oz or higher; Sliding scale NSR is not payable on the first 500,000 ounces of gold recovered.
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Kudz Ze Kayah
Asset · Stream · Development
Canada
Gold
1/5
Silver
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
BMC Minerals
Operator name:
BMC Minerals
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
Description
As at 31 December 2025
Wheaton life-of-mine gold and silver stream on the Kudz Ze Kayah project operated by BMC Minerals in Canada.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
|
0.05 moz P&P + M&I
|
|
Silver
|
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
|
4.8 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
0.05 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Silver
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
4.8 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
1.1 mt
|
0.05 moz
|
1.32 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
1.1 mt
|
4.8 moz
|
137.5 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.1 mt
Contained
0.05 moz
Grade
1.32 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.1 mt
Contained
4.8 moz
Grade
137.5 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0 moz
|
0 moz
|
|
Silver
|
0.35 moz
|
0.35 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0 moz
Total (share %)
0 moz
Commodity
Silver
Prov. & Prob. (share %)
0.35 moz
Total (share %)
0.35 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Kurmuk
Asset · Stream · Development
Ethiopia
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Allied Gold Corp.
Operator name:
Allied Gold Corp.
Environment:
Onshore
Environment:
Onshore
Country:
Ethiopia
Country:
Ethiopia
Interest conditions:
6.7% of payable gold until 220,000 ounces, then 4.8%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Kurmuk project operated by Allied Gold in Ethiopia.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
6.7% of payable gold until 220,000 ounces, then 4.8%.
|
0.18 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
6.7% of payable gold until 220,000 ounces, then 4.8%.
0.18 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
4.1 mt
|
0.18 moz
|
1.41 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
4.1 mt
Contained
0.18 moz
Grade
1.41 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.01 moz
|
0.01 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.01 moz
Total (share %)
0.01 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Cangrejos
Asset · Stream · Development
Ecuador
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
CMOC Group Limited
Operator name:
CMOC Group Limited
Environment:
Onshore
Environment:
Onshore
Country:
Ecuador
Country:
Ecuador
Interest conditions:
4.4% of payable gold until 469,000 ounces, then 2.9%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Cangrejos project operated by CMOC in Ecuador.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
4.4% of payable gold until 469,000 ounces, then 2.9%.
|
0.51 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
4.4% of payable gold until 469,000 ounces, then 2.9%.
0.51 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
29 mt
|
0.51 moz
|
0.55 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
29 mt
Contained
0.51 moz
Grade
0.55 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0.02 moz
|
0.02 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0.02 moz
Total (share %)
0.02 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Curraghinalt
Asset · Stream · Development
United Kingdom
Gold
1/5
Project information
As at 31 December 2025
Type:
Stream
Type:
Stream
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Dalradian Gold
Operator name:
Dalradian Gold
Environment:
Onshore
Environment:
Onshore
Country:
United Kingdom
Country:
United Kingdom
Interest conditions:
3.05% of payable gold until 125,000 ounces, then 1.5%.
Description
As at 31 December 2025
Wheaton life-of-mine gold stream on the Curraghinalt project operated by Dalradian Gold in the United Kingdom.
Stream interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
3.05% of payable gold until 125,000 ounces, then 1.5%.
|
0.08 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
3.05% of payable gold until 125,000 ounces, then 1.5%.
0.08 moz P&P + M&I
Stream interests — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
0.4 mt
|
0.08 moz
|
6.45 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
0.4 mt
Contained
0.08 moz
Grade
6.45 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0 moz
|
0 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0 moz
Total (share %)
0 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalty Development · 5 projects
Brewery Creek
Asset · Royalty · Development
Canada
Gold
Project information
As at 31 December 2025
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Victoria Gold
Operator name:
Victoria Gold
Environment:
Onshore
Environment:
Onshore
Country:
Canada
Country:
Canada
Interest conditions:
2.0% NSR Royalty for the first 600,000 ounces of gold produced, increasing to 2.75% thereafter.
Description
As at 31 December 2025
Wheaton life-of-mine NSR royalty on the Brewery Creek project operated by Victoria Gold in Canada.
Royalty interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
2.0% NSR Royalty for the first 600,000 ounces of gold produced, increasing to 2.75% thereafter.
|
-
|
Commodity
Conditions
Reserves & Resources
Gold
2.0% NSR Royalty for the first 600,000 ounces of gold produced, increasing to 2.75% thereafter.
-
Royalty interests — Assumptions & Disclaimers
Assumptions
- Royalty type is taken from the source filing (NSR = Net Smelter Return, GRR = Gross Royalty, Net Profit Interest, Sliding-Scale, etc.).
- Attribution. Royalty volumes are computed as gross underlying volume × disclosed royalty rate. Where the disclosure is already on an 'attributable' basis we leave it untouched and tag the row as Net (×1.0).
- Conditions column shows the interest_conditions text from each project (verbatim commercial terms where disclosed).
- Reserves & production figures belong to the operator, not the royalty holder; they are restated on the royalty holder's economic basis using the disclosed rate.
- The operator's reserve / resource classification carries through.
Disclaimer
- Royalty income depends entirely on the underlying operator's production decisions, commodity prices and contractual interpretation. Royalty agreements are often subject to caps, buy-back rights, area-of-interest disputes and re-classification; the headline rate may overstate or understate the actual cash that will be received.
DeLamar
Asset · Royalty · Development
United States
Gold
1/5
Silver
1/5
Project information
As at 31 December 2025
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Integra
Operator name:
Integra
Environment:
Onshore
Environment:
Onshore
Country:
United States
Country:
United States
Interest conditions:
1.5% NSR Royalty on Oxide and Mixed material.
Description
As at 31 December 2025
Wheaton life-of-mine NSR royalty on the DeLamar project operated by Integra in the United States.
Royalty interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
1.5% NSR Royalty on Oxide and Mixed material.
|
0.02 moz P&P + M&I
|
|
Silver
|
1.5% NSR Royalty on Oxide and Mixed material.
|
0.8 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
1.5% NSR Royalty on Oxide and Mixed material.
0.02 moz P&P + M&I
Commodity
Conditions
Reserves & Resources
Silver
1.5% NSR Royalty on Oxide and Mixed material.
0.8 moz P&P + M&I
Royalty interests — Assumptions & Disclaimers
Assumptions
- Royalty type is taken from the source filing (NSR = Net Smelter Return, GRR = Gross Royalty, Net Profit Interest, Sliding-Scale, etc.).
- Attribution. Royalty volumes are computed as gross underlying volume × disclosed royalty rate. Where the disclosure is already on an 'attributable' basis we leave it untouched and tag the row as Net (×1.0).
- Conditions column shows the interest_conditions text from each project (verbatim commercial terms where disclosed).
- Reserves & production figures belong to the operator, not the royalty holder; they are restated on the royalty holder's economic basis using the disclosed rate.
- The operator's reserve / resource classification carries through.
Disclaimer
- Royalty income depends entirely on the underlying operator's production decisions, commodity prices and contractual interpretation. Royalty agreements are often subject to caps, buy-back rights, area-of-interest disputes and re-classification; the headline rate may overstate or understate the actual cash that will be received.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
1.8 mt
|
0.02 moz
|
0.33 g/t
|
—
|
2025-12-31
|
|
Silver
|
Proven And Probable
|
No
|
1.8 mt
|
0.8 moz
|
13.6 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.8 mt
Contained
0.02 moz
Grade
0.33 g/t
Basis
—
Eff. date
2025-12-31
Commodity
Silver
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.8 mt
Contained
0.8 moz
Grade
13.6 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0 moz
|
0 moz
|
|
Silver
|
0.01 moz
|
0.01 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0 moz
Total (share %)
0 moz
Commodity
Silver
Prov. & Prob. (share %)
0.01 moz
Total (share %)
0.01 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Royalties & streams
All royalty and stream interests in the database that refer to this asset by name.
| Company | Royalty | ||
|---|---|---|---|
| Location | Conditions | ||
|
DeLamar
|
🇺🇸 United States, Idaho
|
DeLamar Au-Ag royalty
|
Location
Conditions
🇺🇸 United States, Idaho
DeLamar Au-Ag royalty
Royalties & streams — Assumptions
- Royalties and streams whose project name refers to this asset (matched on normalized asset name across all issuers in the database; accents and diacritics folded) and that share at least one commodity when the interest publishes commodity data. Names such as "Canadian Malartic NSR" are grouped with the Canadian Malartic project.
Mt Todd
Asset · Royalty · Development
Australia
Gold
1/5
Project information
As at 31 December 2025
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Vista
Operator name:
Vista
Environment:
Onshore
Environment:
Onshore
Country:
Australia
Country:
Australia
Interest conditions:
1.0% Gross Royalty until 3.47 million ounces of gold are delivered, then 0.667%.
Description
As at 31 December 2025
Wheaton life-of-mine gross royalty on the Mt Todd project operated by Vista in Australia.
Royalty interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
1.0% Gross Royalty until 3.47 million ounces of gold are delivered, then 0.667%.
|
0.05 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
1.0% Gross Royalty until 3.47 million ounces of gold are delivered, then 0.667%.
0.05 moz P&P + M&I
Royalty interests — Assumptions & Disclaimers
Assumptions
- Royalty type is taken from the source filing (NSR = Net Smelter Return, GRR = Gross Royalty, Net Profit Interest, Sliding-Scale, etc.).
- Attribution. Royalty volumes are computed as gross underlying volume × disclosed royalty rate. Where the disclosure is already on an 'attributable' basis we leave it untouched and tag the row as Net (×1.0).
- Conditions column shows the interest_conditions text from each project (verbatim commercial terms where disclosed).
- Reserves & production figures belong to the operator, not the royalty holder; they are restated on the royalty holder's economic basis using the disclosed rate.
- The operator's reserve / resource classification carries through.
Disclaimer
- Royalty income depends entirely on the underlying operator's production decisions, commodity prices and contractual interpretation. Royalty agreements are often subject to caps, buy-back rights, area-of-interest disputes and re-classification; the headline rate may overstate or understate the actual cash that will be received.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
1.6 mt
|
0.05 moz
|
0.94 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.6 mt
Contained
0.05 moz
Grade
0.94 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0 moz
|
0 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0 moz
Total (share %)
0 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Black Pine
Asset · Royalty · Development
United States
Gold
1/5
Project information
As at 31 December 2025
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Liberty Gold
Operator name:
Liberty Gold
Environment:
Onshore
Environment:
Onshore
Country:
United States
Country:
United States
Interest conditions:
0.5% NSR Royalty; Liberty Gold has an option to repurchase 50% of the NSR for $4 million.
Description
As at 31 December 2025
Wheaton life-of-mine NSR royalty on the Black Pine project operated by Liberty Gold in the United States.
Royalty interests
As at 31 December 2025 · exclusive
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
0.5% NSR Royalty; Liberty Gold has an option to repurchase 50% of the NSR for $4 million.
|
0.02 moz P&P + M&I
|
Commodity
Conditions
Reserves & Resources
Gold
0.5% NSR Royalty; Liberty Gold has an option to repurchase 50% of the NSR for $4 million.
0.02 moz P&P + M&I
Royalty interests — Assumptions & Disclaimers
Assumptions
- Royalty type is taken from the source filing (NSR = Net Smelter Return, GRR = Gross Royalty, Net Profit Interest, Sliding-Scale, etc.).
- Attribution. Royalty volumes are computed as gross underlying volume × disclosed royalty rate. Where the disclosure is already on an 'attributable' basis we leave it untouched and tag the row as Net (×1.0).
- Conditions column shows the interest_conditions text from each project (verbatim commercial terms where disclosed).
- Reserves & production figures belong to the operator, not the royalty holder; they are restated on the royalty holder's economic basis using the disclosed rate.
- The operator's reserve / resource classification carries through.
Disclaimer
- Royalty income depends entirely on the underlying operator's production decisions, commodity prices and contractual interpretation. Royalty agreements are often subject to caps, buy-back rights, area-of-interest disputes and re-classification; the headline rate may overstate or understate the actual cash that will be received.
Reserves & resources — reported lines
| Commodity | Category | Incl. of reserves | Tonnage | Contained | Grade | Basis | Eff. date |
|---|---|---|---|---|---|---|---|
|
Statement / total
|
|
|
|
|
|
|
|
|
Gold
|
Proven And Probable
|
No
|
1.5 mt
|
0.02 moz
|
0.32 g/t
|
—
|
2025-12-31
|
Commodity
Statement / total
Category
Incl. of reserves
Tonnage
Contained
Grade
Basis
Eff. date
Commodity
Gold
Category
Proven And Probable
Incl. of reserves
No
Tonnage
1.5 mt
Contained
0.02 moz
Grade
0.32 g/t
Basis
—
Eff. date
2025-12-31
Reserves & resources — reported lines — Assumptions & Disclaimers
Assumptions
- Per-row reserve/resource detail grouped by deposit (sub_asset — shown as the band header, not repeated per row), before the Mining metrics rollup sums them. Rows under "Statement / total" carry no sub_asset. "Incl. of reserves" is the row's is_inclusive flag — Yes = resources reported inclusive of reserves (M+I only in the rollup), No = exclusive (P+P + M+I summed), — = not specified. Tonnage is shown as reported.
Reserves & resources — detail
As at 31 December 2025
| Commodity | Prov. & Prob. (share %) | Total (share %) |
|---|---|---|
|
Gold
|
0 moz
|
0 moz
|
Commodity
Gold
Prov. & Prob. (share %)
0 moz
Total (share %)
0 moz
Reserves & resources — detail — Assumptions & Disclaimers
Assumptions
- Attributable. Per-category cells follow METALPILOT §6 (latest per project × commodity × category). Headline reserve base appears in Asset quality / mix.
Disclaimer
- Inferred is shown for context and excluded from headline totals. Petroleum rows may be deduped on development_status.
Metates
Asset · Royalty · Development
Mexico
GoldSilver
Project information
As at 31 December 2025
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Development
Status:
Development
Report standard:
-
Report standard:
-
Operator:
No
Operator:
No
Operator name:
Chesapeake
Operator name:
Chesapeake
Environment:
Onshore
Environment:
Onshore
Country:
Mexico
Country:
Mexico
Interest conditions:
0.5% NSR Royalty.
Description
As at 31 December 2025
Wheaton life-of-mine NSR royalty on the Metates project operated by Chesapeake in Mexico.
Royalty interests
As at 31 December 2025
| Commodity | Conditions | Reserves & Resources |
|---|---|---|
|
Gold
|
0.5% NSR Royalty.
|
-
|
|
Silver
|
0.5% NSR Royalty.
|
-
|
Commodity
Conditions
Reserves & Resources
Gold
0.5% NSR Royalty.
-
Commodity
Conditions
Reserves & Resources
Silver
0.5% NSR Royalty.
-
Royalty interests — Assumptions & Disclaimers
Assumptions
- Royalty type is taken from the source filing (NSR = Net Smelter Return, GRR = Gross Royalty, Net Profit Interest, Sliding-Scale, etc.).
- Attribution. Royalty volumes are computed as gross underlying volume × disclosed royalty rate. Where the disclosure is already on an 'attributable' basis we leave it untouched and tag the row as Net (×1.0).
- Conditions column shows the interest_conditions text from each project (verbatim commercial terms where disclosed).
- Reserves & production figures belong to the operator, not the royalty holder; they are restated on the royalty holder's economic basis using the disclosed rate.
- The operator's reserve / resource classification carries through.
Disclaimer
- Royalty income depends entirely on the underlying operator's production decisions, commodity prices and contractual interpretation. Royalty agreements are often subject to caps, buy-back rights, area-of-interest disputes and re-classification; the headline rate may overstate or understate the actual cash that will be received.
Assumptions
- The projects listed here reflect the information captured in this workspace and are not necessarily a complete picture of the company's portfolio. For authoritative figures, refer to the company's official filings.
5
Royalty interests
36
Stream interests
17
Operating projects
24
Development projects
Stream interests · 36 projects
As at 31 December 2025 · exclusive
| Stream | ||||||
|---|---|---|---|---|---|---|
| Location | Status | Commodity | Conditions | Reserves & Resources | ||
|
|
Antamina
Glencore / BHP
|
🇵🇪 Peru
|
Operating
|
Silver
|
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
|
72.8 moz P&P + M&I
|
|
|
Peñasquito
Newmont Corp.
|
🇲🇽 Mexico
|
Operating
|
Silver
|
25% of payable silver; Per ounce cash payment of $4.62.
|
57.5 moz P&P + M&I
|
|
|
Salobo
Vale SA
|
🇧🇷 Brazil
|
Operating
|
Gold
|
75% of payable gold; Per ounce cash payment of $433; The Company will be required to make annual payments of $8 million over a 10-year period if the Salobo mine implements a high-grade mine plan.
|
8.29 moz P&P + M&I
|
|
|
Aljustrel
Almina
|
🇵🇹 Portugal
|
Operating
|
Silver
|
100% of payable silver contained in concentrate containing less than 15% copper for 50 years.
|
36 moz P&P + M&I
|
|
|
Blackwater
Artemis Gold Inc.
|
🇨🇦 Canada
|
Operating
|
Silver
|
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
|
31.6 moz P&P + M&I
|
|
|
|
|
|
Gold
|
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
|
0.57 moz P&P + M&I
|
|
|
Constancia
Hudbay
|
🇵🇪 Peru
|
Operating
|
Silver
|
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
|
42.1 moz P&P + M&I
|
|
|
|
|
|
Gold
|
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
|
0.34 moz P&P + M&I
|
|
|
Cozamin
Capstone Copper Corp.
|
🇲🇽 Mexico
|
Operating
|
Silver
|
50% of payable silver until 10 million ounces, then 33%.
|
3.7 moz P&P + M&I
|
|
|
Goose
B2Gold Corp.
|
🇨🇦 Canada
|
Operating
|
Gold
|
2.78% of payable gold until 87,100 ounces, then 1.44% until 134,000 ounces, then 1.0%.
|
0.07 moz P&P + M&I
|
|
|
Hemlo
Hemlo Mining Corp.
|
🇨🇦 Canada
|
Operating
|
Gold
|
10.13% of payable gold until 135,750 ounces, then 6.75% until an additional 117,998 ounces, then 4.5%.
|
0.07 moz P&P + M&I
|
|
|
Los Filos
Equinox Gold Corp.
|
🇲🇽 Mexico
|
Operating
|
Silver
|
100% of payable silver for 25 years; Per ounce cash payment of $4.74.
|
12.8 moz P&P + M&I
|
|
|
Marmato
Aris Mining Corp.
|
🇨🇴 Colombia
|
Operating
|
Gold
|
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
|
0.33 moz P&P + M&I
|
|
|
|
|
|
Silver
|
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
|
5.8 moz P&P + M&I
|
|
|
Neves-Corvo
Boliden
|
🇵🇹 Portugal
|
Operating
|
Silver
|
100% of payable silver for 50 years; Per ounce cash payment of $4.55.
|
23.6 moz P&P + M&I
|
|
|
San Dimas
First Majestic Silver Corp.
|
🇲🇽 Mexico
|
Operating
|
Gold
|
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
|
0.07 moz P&P + M&I
|
|
|
|
|
|
Silver
|
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
|
6.4 moz P&P + M&I
|
|
|
Stillwater
Sibanye-Stillwater Ltd.
|
🇺🇸 United States
|
Operating
|
Gold
|
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
|
0.53 moz P&P + M&I
|
|
|
|
|
|
Palladium
|
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
|
0.48 moz P&P + M&I
|
|
|
Sudbury
Vale SA
|
🇨🇦 Canada
|
Operating
|
Gold
|
70% of payable gold for 20 years; Per ounce cash payment of $400.
|
0.29 moz P&P + M&I
|
|
|
Voisey's Bay
Vale SA
|
🇨🇦 Canada
|
Operating
|
Cobalt
|
42.4% of payable cobalt until 31 million pounds, then 21.2%; Per pound cash payment of $9.02.
|
13.06 kt P&P + M&I
|
|
|
Zinkgruvan
Boliden
|
🇸🇪 Sweden
|
Operating
|
Silver
|
100% of payable silver; Per ounce cash payment of $4.81.
|
31.8 moz P&P + M&I
|
|
|
Cangrejos
CMOC Group Limited
|
🇪🇨 Ecuador
|
Development
|
Gold
|
4.4% of payable gold until 469,000 ounces, then 2.9%.
|
0.51 moz P&P + M&I
|
|
|
Copper World Complex
Hudbay
|
🇺🇸 United States
|
Development
|
Silver
|
100% of payable gold and silver.
|
67.4 moz P&P + M&I
|
|
|
|
|
|
Gold
|
100% of payable gold and silver.
|
0.31 moz P&P + M&I
|
|
|
Cotabambas
Panoro
|
🇵🇪 Peru
|
Development
|
Gold
|
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
|
-
|
|
|
|
|
|
Silver
|
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
|
-
|
|
|
Curraghinalt
Dalradian Gold
|
🇬🇧 United Kingdom
|
Development
|
Gold
|
3.05% of payable gold until 125,000 ounces, then 1.5%.
|
0.08 moz P&P + M&I
|
|
|
El Alto
Barrick
|
🇨🇱 Chile
|
Development
|
Silver
|
25% of payable silver.
|
-
|
|
|
El Domo
Silvercorp Metals Inc.
|
🇪🇨 Ecuador
|
Development
|
Gold
|
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
|
0.26 moz P&P + M&I
|
|
|
|
|
|
Silver
|
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
|
7.1 moz P&P + M&I
|
|
|
Fenix
Rio2 Limited
|
🇨🇱 Chile
|
Development
|
Gold
|
22% of payable gold until 130,625 ounces, then 6% until 185,000 ounces, then 4% until 235,000 ounces, then 3.5%.
|
0.23 moz P&P + M&I
|
|
|
Koné
Montage Gold Corp.
|
🇨🇮 Cote dIvoire
|
Development
|
Gold
|
19.5% of payable gold until 400,000 ounces, then 10.8% until 530,000 ounces, then 5.4%.
|
-
|
|
|
Kudz Ze Kayah
BMC Minerals
|
🇨🇦 Canada
|
Development
|
Gold
|
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
|
0.05 moz P&P + M&I
|
|
|
|
|
|
Silver
|
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
|
4.8 moz P&P + M&I
|
|
|
Kurmuk
Allied Gold Corp.
|
🇪🇹 Ethiopia
|
Development
|
Gold
|
6.7% of payable gold until 220,000 ounces, then 4.8%.
|
0.18 moz P&P + M&I
|
|
|
Kutcho
Kutcho
|
🇨🇦 Canada
|
Development
|
Gold
|
100% of payable gold and silver.
|
0.21 moz P&P + M&I
|
|
|
|
|
|
Silver
|
100% of payable gold and silver.
|
15.6 moz P&P + M&I
|
|
|
Marathon
Generation Mining Ltd.
|
🇨🇦 Canada
|
Development
|
Gold
|
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
|
0.28 moz P&P + M&I
|
|
|
|
|
|
Platinum
|
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
|
0.18 moz P&P + M&I
|
|
|
Mineral Park
Waterton Copper LP
|
🇺🇸 United States
|
Development
|
Silver
|
100% of payable silver.
|
28.9 moz P&P + M&I
|
|
|
Navidad
Pan American Silver Corp.
|
🇦🇷 Argentina
|
Development
|
Silver
|
12.5% of payable silver.
|
-
|
|
|
Platreef
Ivanhoe Mines Ltd.
|
🇿🇦 South Africa
|
Development
|
Gold
|
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
|
0.67 moz P&P + M&I
|
|
|
|
|
|
Palladium
|
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
|
0.35 moz P&P + M&I
|
|
|
|
|
|
Platinum
|
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
|
0.34 moz P&P + M&I
|
|
|
Santo Domingo
Capstone Copper Corp.
|
🇨🇱 Chile
|
Development
|
Gold
|
100% of payable gold until 285,000 ounces, then 67%.
|
0.61 moz P&P + M&I
|
|
|
Spring Valley
Waterton Gold LP
|
🇺🇸 United States
|
Development
|
Gold
|
8% of payable gold until 300,000 ounces, then 6%.
|
0.31 moz P&P + M&I
|
|
|
Stratoni
Eldorado Gold Corp.
|
🇬🇷 Greece
|
Development
|
Silver
|
100% of payable silver.
|
-
|
|
|
Toroparu
Aris Mining Corp.
|
🇬🇾 Guyana
|
Development
|
Gold
|
10% of payable gold; 50% of payable silver.
|
-
|
|
|
|
|
|
Silver
|
10% of payable gold; 50% of payable silver.
|
-
|
Antamina
Glencore / BHP
🇵🇪 Peru
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
33.75% of payable silver from Glencore, reducing to 22.5% after 140 million ounces; Additional 33.75% of payable silver from BHP effective April 1, 2026, reducing to 22.5% after 100 million ounces; Per ounce cash payment of 20% of spot price.
72.8 moz P&P + M&I
Peñasquito
Newmont Corp.
🇲🇽 Mexico
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
25% of payable silver; Per ounce cash payment of $4.62.
57.5 moz P&P + M&I
Salobo
Vale SA
🇧🇷 Brazil
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
75% of payable gold; Per ounce cash payment of $433; The Company will be required to make annual payments of $8 million over a 10-year period if the Salobo mine implements a high-grade mine plan.
8.29 moz P&P + M&I
Aljustrel
Almina
🇵🇹 Portugal
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
100% of payable silver contained in concentrate containing less than 15% copper for 50 years.
36 moz P&P + M&I
Blackwater
Artemis Gold Inc.
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
31.6 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Gold
8% of payable gold until 464,000 ounces, then 4%; 50% of payable silver until 17.8 million ounces, then 33%.
0.57 moz P&P + M&I
Constancia
Hudbay
🇵🇪 Peru
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
42.1 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Gold
100% of payable silver; 50% of payable gold; Per ounce cash payment of $6.32 for silver and $429 for gold.
0.34 moz P&P + M&I
Cozamin
Capstone Copper Corp.
🇲🇽 Mexico
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
50% of payable silver until 10 million ounces, then 33%.
3.7 moz P&P + M&I
Goose
B2Gold Corp.
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
2.78% of payable gold until 87,100 ounces, then 1.44% until 134,000 ounces, then 1.0%.
0.07 moz P&P + M&I
Hemlo
Hemlo Mining Corp.
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
10.13% of payable gold until 135,750 ounces, then 6.75% until an additional 117,998 ounces, then 4.5%.
0.07 moz P&P + M&I
Los Filos
Equinox Gold Corp.
🇲🇽 Mexico
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
100% of payable silver for 25 years; Per ounce cash payment of $4.74.
12.8 moz P&P + M&I
Marmato
Aris Mining Corp.
🇨🇴 Colombia
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
0.33 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Silver
100% of payable silver until 2.15 million ounces, then 50%; 10.5% of payable gold until 310,000 ounces, then 5.25%.
5.8 moz P&P + M&I
Neves-Corvo
Boliden
🇵🇹 Portugal
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
100% of payable silver for 50 years; Per ounce cash payment of $4.55.
23.6 moz P&P + M&I
San Dimas
First Majestic Silver Corp.
🇲🇽 Mexico
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
0.07 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Silver
25% of payable gold plus an additional amount of gold equal to 25% of payable silver converted to gold at a fixed ratio of 70:1.
6.4 moz P&P + M&I
Stillwater
Sibanye-Stillwater Ltd.
🇺🇸 United States
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
0.53 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Palladium
100% of payable gold; 4.5% of payable palladium until 375,000 ounces, then 2.25% until 550,000 ounces, then 1.0%.
0.48 moz P&P + M&I
Sudbury
Vale SA
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Operating
Gold
70% of payable gold for 20 years; Per ounce cash payment of $400.
0.29 moz P&P + M&I
Voisey's Bay
Vale SA
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Operating
Cobalt
42.4% of payable cobalt until 31 million pounds, then 21.2%; Per pound cash payment of $9.02.
13.06 kt P&P + M&I
Zinkgruvan
Boliden
🇸🇪 Sweden
Status
Commodity
Conditions
Reserves & Resources
Operating
Silver
100% of payable silver; Per ounce cash payment of $4.81.
31.8 moz P&P + M&I
Cangrejos
CMOC Group Limited
🇪🇨 Ecuador
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
4.4% of payable gold until 469,000 ounces, then 2.9%.
0.51 moz P&P + M&I
Copper World Complex
Hudbay
🇺🇸 United States
Status
Commodity
Conditions
Reserves & Resources
Development
Silver
100% of payable gold and silver.
67.4 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Gold
100% of payable gold and silver.
0.31 moz P&P + M&I
Cotabambas
Panoro
🇵🇪 Peru
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
-
Status
Commodity
Conditions
Reserves & Resources
Silver
25% of payable gold and 100% of payable silver until 90 million silver equivalent ounces, then 16.67% of gold and 66.67% of silver.
-
Curraghinalt
Dalradian Gold
🇬🇧 United Kingdom
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
3.05% of payable gold until 125,000 ounces, then 1.5%.
0.08 moz P&P + M&I
El Alto
Barrick
🇨🇱 Chile
Status
Commodity
Conditions
Reserves & Resources
Development
Silver
25% of payable silver.
-
El Domo
Silvercorp Metals Inc.
🇪🇨 Ecuador
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
0.26 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Silver
75% of payable silver until 4.6 million ounces, then 50%; 50% of payable gold until 145,000 ounces, then 33%.
7.1 moz P&P + M&I
Fenix
Rio2 Limited
🇨🇱 Chile
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
22% of payable gold until 130,625 ounces, then 6% until 185,000 ounces, then 4% until 235,000 ounces, then 3.5%.
0.23 moz P&P + M&I
Koné
Montage Gold Corp.
🇨🇮 Cote dIvoire
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
19.5% of payable gold until 400,000 ounces, then 10.8% until 530,000 ounces, then 5.4%.
-
Kudz Ze Kayah
BMC Minerals
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
0.05 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Silver
7.375% of payable gold and silver until 330,000 ounces of gold and 43.3 million ounces of silver, then 6.125% until 59,800 ounces of gold and 7.96 million ounces of silver, then 5.5% until 270,200 ounces of gold and 35.34 million ounces of silver, then 6.75%.
4.8 moz P&P + M&I
Kurmuk
Allied Gold Corp.
🇪🇹 Ethiopia
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
6.7% of payable gold until 220,000 ounces, then 4.8%.
0.18 moz P&P + M&I
Kutcho
Kutcho
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
100% of payable gold and silver.
0.21 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Silver
100% of payable gold and silver.
15.6 moz P&P + M&I
Marathon
Generation Mining Ltd.
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
0.28 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Platinum
100% of payable gold until 150,000 ounces, then 67%; 22% of payable platinum until 120,000 ounces, then 15%.
0.18 moz P&P + M&I
Mineral Park
Waterton Copper LP
🇺🇸 United States
Status
Commodity
Conditions
Reserves & Resources
Development
Silver
100% of payable silver.
28.9 moz P&P + M&I
Navidad
Pan American Silver Corp.
🇦🇷 Argentina
Status
Commodity
Conditions
Reserves & Resources
Development
Silver
12.5% of payable silver.
-
Platreef
Ivanhoe Mines Ltd.
🇿🇦 South Africa
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
0.67 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Palladium
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
0.35 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Platinum
62.5% of payable gold until 218,750 ounces, then 50% until 428,300 ounces, then 3.125%; 5.25% of payable palladium and platinum until 350,000 ounces, then 3.0% until 485,115 ounces, then 0.1%.
0.34 moz P&P + M&I
Santo Domingo
Capstone Copper Corp.
🇨🇱 Chile
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
100% of payable gold until 285,000 ounces, then 67%.
0.61 moz P&P + M&I
Spring Valley
Waterton Gold LP
🇺🇸 United States
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
8% of payable gold until 300,000 ounces, then 6%.
0.31 moz P&P + M&I
Stratoni
Eldorado Gold Corp.
🇬🇷 Greece
Status
Commodity
Conditions
Reserves & Resources
Development
Silver
100% of payable silver.
-
Toroparu
Aris Mining Corp.
🇬🇾 Guyana
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
10% of payable gold; 50% of payable silver.
-
Status
Commodity
Conditions
Reserves & Resources
Silver
10% of payable gold; 50% of payable silver.
-
Stream interests · 36 projects — Assumptions & Disclaimers
Assumptions
- Stream % is the contractual share of the underlying commodity the company is entitled to purchase. 'Ongoing payment' is the fixed or formulaic per-unit amount the company pays the operator at delivery.
- Attribution. Stream volumes are gross underlying volume × stream %.
- Upfront deposit / completion test. Streams typically include an upfront deposit and a delivery-completion test; neither figure is rendered on this table — see the source contract.
Disclaimer
- Stream economics depend on the underlying operator's production, on the spot vs delivered-price spread, and on the operator's ability to meet the completion test. A failed completion test, a stream restructure or a buy-back may materially change the value of the stream.
Royalty interests · 5 projects
As at 31 December 2025 · exclusive
| Royalty | ||||||
|---|---|---|---|---|---|---|
| Location | Status | Commodity | Conditions | Reserves & Resources | ||
|
|
Black Pine
Liberty Gold
|
🇺🇸 United States
|
Development
|
Gold
|
0.5% NSR Royalty; Liberty Gold has an option to repurchase 50% of the NSR for $4 million.
|
0.02 moz P&P + M&I
|
|
|
Brewery Creek
Victoria Gold
|
🇨🇦 Canada
|
Development
|
Gold
|
2.0% NSR Royalty for the first 600,000 ounces of gold produced, increasing to 2.75% thereafter.
|
-
|
|
|
DeLamar
Integra
|
🇺🇸 United States
|
Development
|
Gold
|
1.5% NSR Royalty on Oxide and Mixed material.
|
0.02 moz P&P + M&I
|
|
|
|
|
|
Silver
|
1.5% NSR Royalty on Oxide and Mixed material.
|
0.8 moz P&P + M&I
|
|
|
Metates
Chesapeake
|
🇲🇽 Mexico
|
Development
|
Gold
|
0.5% NSR Royalty.
|
-
|
|
|
|
|
|
Silver
|
0.5% NSR Royalty.
|
-
|
|
|
Mt Todd
Vista
|
🇦🇺 Australia
|
Development
|
Gold
|
1.0% Gross Royalty until 3.47 million ounces of gold are delivered, then 0.667%.
|
0.05 moz P&P + M&I
|
Black Pine
Liberty Gold
🇺🇸 United States
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
0.5% NSR Royalty; Liberty Gold has an option to repurchase 50% of the NSR for $4 million.
0.02 moz P&P + M&I
Brewery Creek
Victoria Gold
🇨🇦 Canada
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
2.0% NSR Royalty for the first 600,000 ounces of gold produced, increasing to 2.75% thereafter.
-
DeLamar
Integra
🇺🇸 United States
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
1.5% NSR Royalty on Oxide and Mixed material.
0.02 moz P&P + M&I
Status
Commodity
Conditions
Reserves & Resources
Silver
1.5% NSR Royalty on Oxide and Mixed material.
0.8 moz P&P + M&I
Metates
Chesapeake
🇲🇽 Mexico
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
0.5% NSR Royalty.
-
Status
Commodity
Conditions
Reserves & Resources
Silver
0.5% NSR Royalty.
-
Mt Todd
Vista
🇦🇺 Australia
Status
Commodity
Conditions
Reserves & Resources
Development
Gold
1.0% Gross Royalty until 3.47 million ounces of gold are delivered, then 0.667%.
0.05 moz P&P + M&I
Royalty interests · 5 projects — Assumptions & Disclaimers
Assumptions
- Royalty type is taken from the source filing (NSR = Net Smelter Return, GRR = Gross Royalty, Net Profit Interest, Sliding-Scale, etc.).
- Attribution. Royalty volumes are computed as gross underlying volume × disclosed royalty rate. Where the disclosure is already on an 'attributable' basis we leave it untouched and tag the row as Net (×1.0).
- Conditions column shows the interest_conditions text from each project (verbatim commercial terms where disclosed).
- Reserves & production figures belong to the operator, not the royalty holder; they are restated on the royalty holder's economic basis using the disclosed rate.
- The operator's reserve / resource classification carries through.
Disclaimer
- Royalty income depends entirely on the underlying operator's production decisions, commodity prices and contractual interpretation. Royalty agreements are often subject to caps, buy-back rights, area-of-interest disputes and re-classification; the headline rate may overstate or understate the actual cash that will be received.
Reserves & resources — detail
As at 31 December 2025
| Project | |||
|---|---|---|---|
| Commodity | Prov. & Prob. (share %) | Total (share %) | |
|
Salobo
|
Gold
|
6.22 moz (63%)
|
6.22 moz (63%)
|
|
Antamina
|
Silver
|
49.14 moz (14%)
|
49.14 moz (14%)
|
|
Peñasquito
|
Silver
|
14.38 moz (4%)
|
14.38 moz (4%)
|
|
Aljustrel
|
Silver
|
36 moz (11%)
|
36 moz (11%)
|
|
Blackwater
|
Gold
|
0.05 moz (<1%)
|
0.05 moz (<1%)
|
|
Blackwater
|
Silver
|
2.53 moz (<1%)
|
2.53 moz (<1%)
|
|
Constancia
|
Gold
|
0.34 moz (3%)
|
0.34 moz (3%)
|
|
Constancia
|
Silver
|
42.1 moz (12%)
|
42.1 moz (12%)
|
|
Zinkgruvan
|
Silver
|
31.8 moz (9%)
|
31.8 moz (9%)
|
|
Cozamin
|
Silver
|
1.85 moz (<1%)
|
1.85 moz (<1%)
|
|
Goose
|
Gold
|
0 moz (<1%)
|
0 moz (<1%)
|
|
Hemlo
|
Gold
|
0.01 moz (<1%)
|
0.01 moz (<1%)
|
|
Los Filos
|
Silver
|
12.8 moz (4%)
|
12.8 moz (4%)
|
|
Marmato
|
Gold
|
0.33 moz (3%)
|
0.33 moz (3%)
|
|
Marmato
|
Silver
|
5.8 moz (2%)
|
5.8 moz (2%)
|
|
Neves-Corvo
|
Silver
|
23.6 moz (7%)
|
23.6 moz (7%)
|
|
San Dimas
|
Gold
|
0.02 moz (<1%)
|
0.02 moz (<1%)
|
|
San Dimas
|
Silver
|
1.6 moz (<1%)
|
1.6 moz (<1%)
|
|
Stillwater
|
Gold
|
0.53 moz (5%)
|
0.53 moz (5%)
|
|
Stillwater
|
Palladium
|
0.48 moz (69%)
|
0.48 moz (69%)
|
|
Sudbury
|
Gold
|
0.2 moz (2%)
|
0.2 moz (2%)
|
|
Voisey's Bay
|
Cobalt
|
5.54 kt
|
5.54 kt
|
|
Copper World Complex
|
Gold
|
0.31 moz (3%)
|
0.31 moz (3%)
|
|
Copper World Complex
|
Silver
|
67.4 moz (20%)
|
67.4 moz (20%)
|
|
Mineral Park
|
Silver
|
28.9 moz (9%)
|
28.9 moz (9%)
|
|
Black Pine
|
Gold
|
0 moz (<1%)
|
0 moz (<1%)
|
|
Cangrejos
|
Gold
|