Wheaton Precious Metals Mourns Loss of Founding Board Member Peter Gillin

Wheaton Precious Metals announced the passing of Peter Gillin, a founding board member who played a pivotal role in the company's development over more than two decades. Gillin's extensive service included leadership positions on critical board committees, significantly influencing the company's strategic direction throughout his tenure. His unexpected death comes as a profound loss for the organization, particularly since his planned retirement had been previously announced ahead of the 2025 Annual General Meeting.

Throughout his distinguished career with the company, Gillin served as Chair of the Compensation Committee and was an active member of both the Governance and Sustainability and Audit Committees. His multifaceted involvement across these key governance bodies allowed him to shape corporate policies and strategic decisions that defined Wheaton Precious Metals' trajectory. The company has announced it will honor Gillin's memory by increasing its charitable contribution to the Heart and Stroke Foundation of Canada, reflecting his deep commitment to corporate social responsibility and community engagement that characterized his leadership approach.

Gillin's legacy is particularly significant given Wheaton Precious Metals' position as a premier precious metals streaming company. The business model he helped develop offers investors strategic advantages, including leverage to commodity prices and exploration potential with lower risk compared to traditional mining enterprises. Under his guidance, the company distinguished itself through delivering high cash operating margins and maintaining a competitive dividend strategy. His leadership was instrumental in establishing Wheaton Precious Metals as a significant player in the precious metals industry, creating a foundation that continues to drive the company's success in global markets.

The loss of Gillin's institutional knowledge and strategic insight comes at a time when the precious metals sector faces evolving market dynamics and increasing investor interest in alternative mining investment structures. His contributions to developing the streaming model have left an indelible mark on the industry, influencing how companies approach risk management and capital allocation in resource extraction. The increased donation to the Heart and Stroke Foundation of Canada serves as a fitting tribute to a leader who consistently balanced corporate excellence with social responsibility throughout his career.