Silver Wheaton (now Wheaton Precious Metals)

Wheaton Precious Metals, formerly Silver Wheaton, is a global leader in precious metals streaming—an investment model where it finances mining companies upfront in exchange for the right to purchase gold and silver at fixed, often lower-than-market prices over the long term. This allows Wheaton to generate income from the metals' price increases without directly owning or operating mines. The company's revenue largely depends on the production levels and market prices of metals like silver and gold it has contracts for, providing investors with exposure to precious metals' upside while reducing operational risks associated with mining.