Daring Ventures Supplies Replace

Cast Monetary Effects and Sturdy Stability Sheet

Fourth Quarter of 2022: $236 million in earnings, $172 million in working coins waft, $166 million in internet income and $104 million in adjusted internet income ¹
Complete Yr of 2022: $1,065 million in earnings, $743 million in working coins waft, $669 million in internet income and $505 million in adjusted internet income ¹
A coins stability of $696 million and no debt as at December 31, 2022
Undrawn US$2 billion revolving credit score facility with a July 18, 2027 adulthood date
Declared a quarterly dividend ¹ of $0.15 in step with commonplace percentage

Prime High quality Asset Base

Streaming agreements on 20 working mines and 12 construction tasks
93% of attributable manufacturing from belongings within the lowest part in their respective price curves ^2,³
30 years of mine existence in keeping with Confirmed and Possible Mineral Reserves and attainable further mine existence from mineral useful resource conversion and exploration ²^,4
Attributable gold an identical manufacturing of 148,300 oz within the Fourth Quarter of 2022 and 638,100 for the Complete Yr of 2022
Reasonable annual manufacturing for the ten-year duration finishing December 31, 2032 , is predicted to be roughly 850,000 gold an identical oz (“GEOs”) ²^,³^,⁵
Finished the prior to now disclosed termination of the Yauliyacu priceless steel acquire settlement (“PMPA”), leading to a $51 million acquire at the disposition within the fourth quarter

Management in Sustainability

Most sensible Scores: #1 out of 114 priceless metals corporations and World Most sensible 50 out of over 15,000 multi-sector corporations by means of Sustainalytics, AA rated by means of MSCI, and High rated by means of ISS
Dedication to Web-0 Carbon Emissions by means of 2050 supported by means of meantime goals protecting all subject matter emissions together with Scope 3
Established a sustainability connected component in reference to the revolving credit score facility
Known as some of the Absolute best 50 Company Voters in Canada by means of Company Knights

Operational Assessment

(all figures in US greenbacks until differently famous)		This fall 2022		This fall 2021	Trade		2022		2021	Trade
Gadgets produced
Gold oz		70,099		87,296	(19.7) %		286,805		341,521	(16.0) %
Silver oz		5,352		6,356	(15.8) %		23,997		25,999	(7.7) %
Palladium oz		3,869		4,733	(18.3) %		15,485		20,908	(25.9) %
Cobalt kilos		128		381	(66.4) %		724		2,293	(68.4) %
Gold an identical oz ³		148,323		184,551	(19.6) %		638,113		754,591	(15.4) %
Gadgets bought
Gold oz		68,996		79,622	(13.3) %		293,234		312,465	(6.2) %
Silver oz		4,935		5,116	(3.5) %		21,570		22,860	(5.6) %
Palladium oz		3,396		4,641	(26.8) %		15,076		19,344	(22.1) %
Cobalt kilos		187		228	(18.0) %		1,038		886	17.2 %
Gold an identical oz ³		142,190		157,439	(9.7) %		617,450		656,074	(5.9) %
Trade in PBND and Stock
Gold an identical oz ³		(11,870)		11,252	23,122		(47,055)		33,628	80,683
Earnings	$	236,051	$	278,197	(15.1) %	$	1,065,053	$	1,201,665	(11.4) %
Web income	$	166,125	$	291,822	(43.1) %	$	669,126	$	754,885	(11.4) %
In line with percentage	$	0.367	$	0.648	(43.4) %	$	1.482	$	1.677	(11.6) %
Adjusted internet income ¹	$	103,744	$	132,232	(21.5) %	$	504,912	$	592,079	(14.7) %
In line with percentage ¹	$	0.229	$	0.293	(21.8) %	$	1.118	$	1.315	(15.0) %
Working coins flows	$	172,028	$	195,290	(11.9) %	$	743,424	$	845,145	(12.0) %
In line with percentage ¹	$	0.381	$	0.433	(12.0) %	$	1.646	$	1.878	(12.4) %

All quantities in 1000’s excluding gold, palladium & gold an identical oz, and in step with percentage quantities.

Fourth Quarter Working Asset Highlights

Salobo: Within the fourth quarter of 2022, Salobo produced 37,900 oz of attributable gold, a lower of roughly 21% relative to the fourth quarter of 2021, essentially because of decrease throughput and grades. In line with Vale S.A.’s (“Vale”), plant availability used to be impacted because of further deliberate and corrective upkeep carried out within the fourth quarter.

Vale reviews the Salobo III mine growth mission, which can build up the mill throughput by means of 50%, effectively commenced on the finish of 2022. The mission is composed of 2 strains, the primary of which began up within the fourth quarter of 2022 and the second one anticipated to begin within the first quarter of 2023.

Next to the quarter, Wheaton and Vale agreed to amend the Salobo PMPA to regulate the growth fee phrases as a way to supply higher flexibility for the ramp-up of the growth whilst additionally keeping up an incentive for Vale to maximise grade on an annual foundation. The growth fee will now be phased, with Wheaton making an preliminary fee as soon as exact throughput is expanded above 32 million tonnes in step with annum (“Mtpa”) and a 2d fee if exact throughput is expanded above 35 Mtpa, by means of January 1, 2031 . The overall cumulative bills will vary from $283 million to $552 million , dependent at Vale’s timing for every of the manufacturing will increase. As well as, Wheaton will probably be required to make annual bills of between $5.1 million to $8.5 million for a 10-year duration following fee of the growth bills if the Salobo mine maintains a high-grade mine plan.

Antamina: Within the fourth quarter of 2022, Antamina produced 1.1 million oz of attributable silver, a lower of roughly 19% relative to the fourth quarter of 2021, essentially because of decrease grades as in step with the mine plan.

Peñasquito: Within the fourth quarter of 2022, Peñasquito produced 1.8 million oz of attributable silver, a lower of roughly 18% relative to the fourth quarter of 2021 with decrease restoration and grades as in step with the mine plan.

Constancia: Within the fourth quarter of 2022, Constancia produced 0.7 million oz of attributable silver and 10,500 oz of attributable gold, an build up of roughly 13% and six%, respectively, relative to the fourth quarter of 2021, with the rise in silver being essentially because of larger grades and restoration whilst the rise in gold manufacturing being essentially because of the mining of higher-grade subject matter. In line with Hudbay Minerals Inc. (“Hudbay”), gold manufacturing used to be less than anticipated within the fourth quarter because of temporary adjustments within the mine plan that prioritized the processing of decrease grade stockpiles and shorter-haulage distance ore from the Constancia pit as opposed to higher-grade ore from the Pampacancha pit. Those adjustments had been applied by means of Hudbay to ration gas all the way through a duration of nation-wide social unrest and street blockades following a metamorphosis in Peru’s political management in early December 2022 , and ensured the plant persisted to perform uninterrupted.

Sudbury : Within the fourth quarter of 2022, Vale’s Sudbury mines produced 6,300 oz of attributable gold, an build up of roughly 45% relative to the fourth quarter of 2021, essentially because of larger throughput as fourth quarter 2021 manufacturing used to be impacted by means of the transient closure of the Totten Mine after the shaft used to be broken on September 26, 2021 .

Stillwater : Within the fourth quarter of 2022, the Stillwater mines produced 2,200 oz of attributable gold and three,900 oz of attributable palladium, a lower of roughly 18% for gold and 18% for palladium relative to the fourth quarter of 2021. As in step with Sibanye-Stillwater Restricted (“Sibanye”), the ramp-up of manufacturing put up the regional flood match in early June 2022 improved effectively, with manufacturing charges normalising all the way through This fall 2022. Sibanye continues to reposition the Stillwater operations for the present abilities scarcity and converting macro atmosphere and expects additional normalization of manufacturing charges in 2023.

San Dimas: Within the fourth quarter of 2022, San Dimas produced 10,000 oz of attributable gold, a lower of roughly 27% relative to the fourth quarter of 2021, essentially because of the mining of decrease grade subject matter. In line with First Majestic Silver Corp., silver and gold grades had been impacted essentially because of the processing of decrease grade construction ores from the Perez vein and better tonnages from underground spaces with difficult floor prerequisites throughout the Jessica and Regina veins within the Noche Buena house.

Different Gold: Within the fourth quarter of 2022, general Different Gold attributable manufacturing used to be 3,100 oz, a lower of roughly 63% relative to the fourth quarter of 2021, essentially because of the closure of the 777 mine in June 2022 .

Different Silver: Within the fourth quarter of 2022, general Different Silver attributable manufacturing used to be 1.8 million oz, a lower of roughly 19% relative to the fourth quarter of 2021, essentially because of the position of Stratoni into care and upkeep, the closure of the 777 mine and the termination of the Keno Hill and Yauliyacu PMPAs.

Voisey’s Bay: Within the fourth quarter of 2022, the Voisey’s Bay mine produced 128,000 kilos of attributable cobalt, a lower of roughly 66% relative to the fourth quarter of 2021, essentially because of mining decrease grade subject matter all the way through the continued transitional duration between the depletion of the Ovoid open-pit mine and ramp-up to complete manufacturing of the Voisey’s Bay underground mission. Vale reviews that bodily crowning glory of the Voisey’s Bay underground mine extension used to be 81% on the finish of the fourth quarter. In the second one quarter of 2021, Vale completed the primary ore manufacturing from the Reid Brook deposit, the primary of 2 underground mines to be evolved within the mission. Jap Deeps, the second one deposit, has began to extract construction ore from the deposit and is scheduled to begin the principle manufacturing ramp-up in the second one part of 2023.

Detailed mine-by-mine manufacturing and gross sales figures may also be discovered within the Appendix to this press liberate and in Wheaton’s consolidated MD&A within the ‘Result of Operations and Operational Overview’ phase.

Fourth Quarter Building Asset Highlights

Blackwater Challenge: Artemis Gold Inc. (“Artemis”) introduced that it had performed an order for building apparatus required for primary building actions with the preliminary fleet anticipated to be delivered in early Q2 2023. As well as, plant website online preparation is definitely improved with the vast majority of the majority earth works finished, and paintings at the building camp is continuing on agenda with 150 rooms and kitchen amenities heading in the right direction to be in a position for career by means of the tip of February. Artemis additionally introduced that it has closed the $385 million mission mortgage facility to fund a major factor of the estimated building prices of the Blackwater mission. On March 9, 2023 , Artemis introduced the approval of its BC Mines Act Allow for the Blackwater mission. The approval of the BC Mines Act Allow is the overall step required to permit Artemis to start primary works building actions on the Blackwater Mine in Q1 2023 with the expectancy of an preliminary gold pour in the second one part of 2024.

Copper Global Complicated: Hudbay reviews that it has performed a brand new technique at Copper Global occupied with mission de-risking and a two-phase mine plan with the primary section positioned on personal land claims. The pre-feasibility find out about for Section I of Copper Global is well-advanced with the principle facility engineering finished and metallurgical take a look at paintings being analyzed as a part of the listen leaching industry off reviews. The pre-feasibility find out about is predicted to be launched in the second one quarter of 2023.

Goose Challenge : Next to the quarter, Sabina Gold & Silver Corp. (“Sabina”) introduced that it had entered right into a definitive settlement (the “Settlement”) pursuant to which B2Gold Corp. has agreed to obtain all the issued and remarkable stocks of Sabina.

Marathon Challenge: Technology Mining Restricted (“Gen Mining”) introduced that the Marathon Challenge used to be authorized by means of the joint Federal and Provincial Environmental Review procedure, and that they’re going to now continue to acquire the essential lets in for building and operation.

Curipamba Challenge : Adventus Mining Company (“Adventus”) introduced that the Executive of Ecuador has signed the Funding Contract in fortify of the improvement of the El Domo deposit, which is a part of the Curipamba Challenge.

Portfolio Optimization

Yauliyacu: On August 18, 2022 , the Corporate introduced that it had entered into an settlement with Glencore percent (“Glencore”) to terminate its silver movement at the Yauliyacu mine in Peru for a coins fee of $150 million , much less the combination price of any deliveries to Wheaton, previous to remaining, of silver produced next to December 31, 2021 . The transaction closed on December 6, 2022 , and the Corporate won a coins fee of $132 million . The Yauliyacu PMPA used to be terminated on December 14, 2022 .

Monetary Overview

Revenues

Earnings used to be $236 million within the fourth quarter of 2022 representing a fifteen% lower from the fourth quarter of 2021 due essentially to a ten% lower within the choice of GEOs³ bought; and a 6% lower within the moderate discovered gold equivalent³ worth.

Earnings used to be $1,065 million within the 12 months ended December 31, 2022 , representing an 11% lower from 2021 due essentially to a 6% lower within the choice of gold equivalent³ oz bought; and a 6% lower within the moderate discovered gold equivalent³ worth.

Money Prices and Margin

Reasonable coins costs¹ within the fourth quarter of 2022 had been $434 in step with GEO² as in comparison to $433 within the fourth quarter of 2021. This led to a coins working margin¹ of $1,226 in step with GEO³ bought, a lower of 8% as when put next with the fourth quarter of 2021.

Reasonable coins costs¹ in 2022 had been $433 in step with GEO² as in comparison to $439 in 2021. This led to a coins working margin¹ of $1,292 in step with GEO³ bought, a 7% lower from the 2021.

Stability Sheet (at December 31, 2022 )

Roughly $696 million of money available.
All over the fourth quarter of 2022, the Corporate made in advance coins bills totaling $44 million relative to PMPAs.
With the prevailing coins available coupled with the totally undrawn $2 billion revolving credit score facility, the Corporate is definitely located to fund all remarkable commitments and identified contingencies in addition to offering flexibility to obtain further accretive mineral movement pursuits.

Reserves and Assets (at December 31, 2022 )

Confirmed and Possible Mineral Reserves as a consequence of Wheaton had been 13.90 million oz of gold when put next with 14.04 million oz as reported in Wheaton’s 2021 Annual Knowledge Shape (“AIF”), a lower of one%; 489.2 million oz of silver when put next with 564.6 million oz, lower of 13%; 0.60 million oz palladium when put next with 0.63 million oz, a lower of three%; 0.17 million oz of platinum, unchanged; and 33.2 million kilos of cobalt in comparison to 31.4 million kilos, an build up of 6%. On a GEO ³ foundation, general Confirmed and Possible Mineral Reserves for all metals as a consequence of Wheaton had been 21.27 million oz, a lower of five% with 2% associated with the terminations of the Yauliyacu and Keno Hill streams and the closure of the 777 mine.
Measured and Indicated Mineral Assets as a consequence of Wheaton had been 5.47 million oz of gold when put next with 5.44 million oz as reported in Wheaton’s 2021 AIF, an build up of one%; 674.8 million oz of silver when put next with 767.8 million oz, a lower of 12%; 0.09 million oz of palladium in comparison to 0.12 million oz, a lower of 28%; 0.097 million oz of platinum, unchanged; and 1.5 million kilos of cobalt, unchanged. On a GEO ³ foundation, general Measured and Indicated Mineral Assets for all metals as a consequence of Wheaton had been 14.38 million oz, a lower of 8% with 6% associated with the terminations of the Yauliyacu and Keno Hill streams.
Inferred Mineral Assets as a consequence of Wheaton had been 4.69 million oz of gold when put next with 4.98 million oz as reported in Wheaton’s 2021 AIF, a lower of 6%; 327.9 million oz of silver when put next with 461.1 million oz, a lower of 29%, 0.35 million oz of palladium, unchanged; 0.017 million oz of platinum, unchanged; and seven.8 million kilos of cobalt in comparison to 6.8, an build up of 13%. On a GEO ³ foundation, general Inferred Mineral Assets for all metals as a consequence of Wheaton had been 9.37 million oz, a lower of 18% with 13% associated with the terminations of the Yauliyacu and Keno Hill streams.

Estimated attributable reserves and sources contained on this press liberate are in keeping with knowledge to be had to the Corporate as of March 2, 2023 , and due to this fact is not going to replicate updates, if any, after that date. Up to date reserves and sources information incorporating year-end 2022 estimates may also be incorporated within the Corporate’s 2022 Annual Knowledge Shape. Wheaton’s most modern attributable reserves and sources, as of December 31, 2022 , may also be discovered at the Corporate’s web site at www.wheatonpm.com .

Sustainability

Group Funding Program:

In 2022, Wheaton’s contribution to the Nature Accept as true with of B.C. used to be directed against the Shoal Creek Estuary as a way to gain, offer protection to and make stronger estuaries alongside the B.C. beach. Within the fourth quarter, the Fall Gala Offered by means of Wheaton raised over $1.5 million in fortify of The Nature Accept as true with’s conservation systems.
In 2022, Wheaton made a $1 million dedication to the British Columbia Institute of Era’s Encourage Marketing campaign geared toward reworking the campus right into a dynamic new finding out atmosphere.
Within the fourth quarter, the Sports activities Celebrities Competition Offered by means of Wheaton Treasured Metals raised over CA$550,000 in fortify of Particular Olympics BC and the Canucks for Youngsters Fund.

About Wheaton Treasured Metals Corp. and Outlook

Wheaton is the arena’s premier priceless metals streaming corporate with the highest-quality portfolio of long-life, low cost belongings. Its industry style provides buyers commodity worth leverage and exploration upside however with a far decrease possibility profile than a conventional mining corporate. Wheaton delivers among the perfect coins working margins within the mining business, permitting it to pay a aggressive dividend and keep growing via accretive acquisitions. In consequence, Wheaton has persistently outperformed gold and silver, in addition to different mining investments. Wheaton is dedicated to solid ESG practices and giving again to the communities the place Wheaton and its mining companions perform. Wheaton creates sustainable price via streaming for all of its stakeholders.

Wheaton’s estimated attributable manufacturing in 2023 in addition to the 5-year moderate and 10-year annual gold an identical manufacturing is as follows:

Steel	2023 Forecast ²	5-year Annual Reasonable (2023-2027) ²^,⁵	10-year Annual Reasonable (2023-2032) ²^,⁵
Gold Oz.	320,000 to 350,000
Silver Oz. (‘000s)	20,000 to 22,000
Different Metals (Palladium & Cobalt) (GEOs ³ )	22,000 to twenty-five,000
General Gold Similar Oz. ³	600,000 to 660,000	810,000	850,000

In 2023, gold an identical manufacturing is forecast to be somewhat larger than 2022 as anticipated more potent attributable manufacturing from Salobo and Constancia is forecast to be offset by means of weaker manufacturing from Antamina and the termination of the silver movement on Yauliyacu. Attributable manufacturing is forecast to extend at Salobo because of uninterrupted operations in addition to the start-up of the Salobo III mine growth and at Constancia because of larger grades related to the mining of the Pampacancha deposit. Attributable manufacturing is forecast to lower a Antamina because of decrease grades as in step with the mine plan.

Reasonable forecast manufacturing over the following 5 years is predicted to extend essentially because of expected persisted manufacturing enlargement from Salobo, Stillwater , Constancia, Voisey’s Bay and Marmato in addition to incremental manufacturing oz from Blackwater, Toroparu, Marathon, Copper Global Complicated and Santo Domingo against the latter finish of the forecast duration. Reasonable forecast manufacturing over the following ten years contains further incremental manufacturing from the Fenix mission, Kutcho mission and the Victor mine in Sudbury . Vale S.A. has indicated the potential of an extra growth after the Salobo III growth, however Wheaton does no longer these days come with this in its forecast. Finally, even supposing Barrick Gold Corp. continues to advance a complete assessment of the Pascua Lama mission, Wheaton does no longer come with any manufacturing from the mission in its estimated moderate ten-year manufacturing steerage.

According to Wheaton Treasured Metals™ Corp.’s (“Wheaton Treasured Metals”, “Wheaton” or the “Corporate”) MD&A and Monetary Statements, connection with the Corporate and Wheaton contains the Corporate’s wholly owned subsidiaries.

Webcast and Convention Name Main points

A convention name will probably be hung on Friday, March 10, 2023 , beginning at 11:00 am (Jap Time) to speak about those effects. To take part within the reside name please use some of the following strategies:

To sign up for the convention name with out operator help, chances are you’ll sign up and input your telephone quantity right here to obtain an speedy automatic name again.

Dial toll loose from Canada or the USA: 1-888 664-6383
Dial from outdoor Canada or the USA: 1-416-764-8650
Cross code: 94667668
Reside audio webcast: Webcast Hyperlink

Members must dial in 5 to 10 mins ahead of the decision.

The convention name will probably be recorded and to be had till March 17, 2023 at 11:59 pm ET . The webcast will probably be to be had for 12 months. You’ll be able to concentrate to an archive of the decision by means of some of the following strategies:

Dial toll loose from Canada or the USA: 1-888 390-0541
Dial from outdoor Canada or the USA: 1-416-764-8677
Cross code: 667668 #
Archived audio webcast: Webcast Hyperlink

This income liberate must be learn at the side of Wheaton Treasured Metals’ MD&A and Monetary Statements, that are to be had at the Corporate’s web site at www.wheatonpm.com and feature been posted on SEDAR at www.sedar.com .

Mr. Wes Carson , P.Eng., Vice President, Mining Operations, Neil Burns , P.Geo., Vice President, Technical Products and services for Wheaton Treasured Metals and Ryan Ulansky , P.Eng., Vice President, Engineering, are a “certified particular person” as such time period is outlined below Nationwide Device 43-101, and feature reviewed and authorized the technical knowledge disclosed on this information liberate (particularly Mr. Carson has reviewed manufacturing figures, Mr. Burns has reviewed mineral useful resource estimates and Mr. Ulansky has reviewed the mineral reserve estimates).

Wheaton Treasured Metals believes that there aren’t any important variations between its company governance practices and the ones required to be adopted by means of United States home issuers below the NYSE record requirements. This affirmation is positioned at the Wheaton Treasured Metals web site at http://www.wheatonpm.com/Corporate/corporate-governance/default.aspx.

Finish Notes

____________________________

¹ Please seek advice from non-IFRS measures on the finish of this press liberate. Dividends declared within the referenced calendar quarter, relative to the monetary result of the prior quarter. Main points of the dividend may also be discovered within the Wheaton’s information liberate date March 9, 2023, titled “Wheaton Treasured Metals Announces Quarterly Dividend.”
² Statements made on this phase include forward-looking knowledge with recognize to forecast manufacturing, investment remarkable commitments and proceeding to obtain accretive mineral movement pursuits and readers are cautioned that exact results might range. Please see “Cautionary Be aware Relating to Ahead-Having a look Statements” for subject matter dangers, assumptions and essential disclosure related to this data.
³ Corporate reviews & S and P Capital IQ est. of 2022 byproduct price curves for gold, zinc/lead, copper, PGM, nickel & silver mines. GEOs in the case of 2022 manufacturing, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: gold $1,800/ounces, silver $24/ounces, palladium $2,100/ounces and cobalt $33/lb. GEOs in the case of 2023 outlook are in keeping with the next commodity worth assumptions: gold $1,850/ounces, silver $24/ounces, palladium $1,800/ounces, platinum $1,100/ounces and cobalt $18.75/lb.
⁴ Portfolio mine existence in keeping with recoverable reserves and sources as of Dec 31, 2022 and 2022 exact mill throughput and is weighted by means of particular person reserve and useful resource class.
⁵ 5- and ten-year steerage don’t come with optionality manufacturing from Pascua Lama, Navidad, Cotabambas, Metates or further expansions at Salobo outdoor of the mission these days in building. As well as, five-year steerage additionally does no longer come with any manufacturing from Kutcho, or the Victor mission at Sudbury.

Consolidated Statements of Profits

	Years Ended December 31
(US greenbacks and stocks in 1000’s, excluding in step with percentage quantities)	2022		2021
Gross sales	$	1,065,053	$	1,201,665
Price of gross sales
Price of gross sales, apart from depletion	$	267,621	$	287,947
Depletion		231,952		254,793
General price of gross sales	$	499,573	$	542,740
Gross margin	$	565,480	$	658,925
Basic and administrative bills		35,831		35,119
Percentage primarily based repayment		20,060		19,265
Donations and neighborhood investments		6,296		6,601
Impairment (impairment reversal) of mineral movement pursuits		(8,611)		(156,717)
Profits from operations	$	511,904	$	754,657
Acquire on disposal of mineral movement passion		(155,868)		–
Different (source of revenue) expense		(7,449)		(5,776)
Profits ahead of finance prices and source of revenue taxes	$	675,221	$	760,433
Finance prices		5,586		5,817
Profits ahead of source of revenue taxes	$	669,635	$	754,616
Source of revenue tax (expense) restoration		(509)		269
Web income	$	669,126	$	754,885
Elementary income in step with percentage	$	1.482	$	1.677
Diluted income in step with percentage	$	1.479	$	1.673
Weighted moderate choice of stocks remarkable
Elementary		451,570		450,138
Diluted		452,344		451,170

Consolidated Stability Sheets

	As at December 31		As at December 31
(US greenbacks in 1000’s)	2022		2021
Property
Present belongings
Money and coins equivalents	$	696,089	$	226,045
Accounts receivable		10,187		11,577
Cobalt stock		10,530		8,712
Different		3,287		3,390
General latest belongings	$	720,093	$	249,724
Non-current belongings
Mineral movement pursuits	$	5,707,019	$	5,905,797
Early deposit mineral movement pursuits		46,092		34,741
Mineral royalty passion		6,606		6,606
Lengthy-term fairness investments		256,095		61,477
Refundable deposit – 777 PMPA		8,073		–
Convertible notes receivable		–		17,086
Belongings, plant and kit		4,210		5,509
Different		11,718		15,211
General non-current belongings	$	6,039,813	$	6,046,427
General belongings	$	6,759,906	$	6,296,151
Liabilities
Present liabilities
Accounts payable and accumulated liabilities	$	12,570	$	13,939
Present taxes payable		2,763		132
Present portion of efficiency percentage devices		14,566		14,807
Present portion of rent liabilities		818		813
General latest liabilities	$	30,717	$	29,691
Non-current liabilities
Efficiency percentage devices		6,673		11,498
Hire liabilities		1,152		2,060
Deferred source of revenue taxes		165		100
Pension legal responsibility		3,524		2,685
General non-current liabilities	$	11,514	$	16,343
General liabilities	$	42,231	$	46,034
Shareholders’ fairness
Issued capital	$	3,752,662	$	3,698,998
Reserves		66,547		47,036
Retained income		2,898,466		2,504,083
General shareholders’ fairness	$	6,717,675	$	6,250,117
General liabilities and shareholders’ fairness	$	6,759,906	$	6,296,151

Consolidated Statements of Money Flows

	Years Ended December 31
(US greenbacks in 1000’s)	2022		2021
Working actions
Web income	$	669,126	$	754,885
Changes for
Depreciation and depletion		233,539		256,685
Acquire on disposal of mineral movement passion		(155,868)		–
Impairment (reversal of impairment of mineral movement pursuits		(8,611)		(156,717)
Hobby expense		91		352
Fairness settled inventory primarily based repayment		5,846		5,262
Efficiency percentage devices		(4,196)		(2,925)
Pension expense		1,033		1,014
Source of revenue tax expense (restoration)		509		(269)
Loss (acquire) on honest price adjustment of percentage acquire warrants held		1,033		2,101
Honest price (acquire) loss on convertible observe receivable		1,380		(5,733)
Funding source of revenue known in internet income		(6,774)		(462)
Different		(1,313)		(510)
Trade in non-cash running capital		1,573		(8,072)
Money generated from operations ahead of source of revenue taxes and passion	$	737,368	$	845,611
Source of revenue taxes recovered (paid)		(171)		(279)
Hobby paid		(93)		(429)
Hobby won		6,320		242
Money generated from working actions	$	743,424	$	845,145
Financing actions
Financial institution debt repaid	$	–	$	(195,000)
Credit score facility extension charges		(1,357)		(1,727)
Percentage acquire choices exercised		10,368		7,953
Hire bills		(800)		(780)
Dividends paid		(237,097)		(218,052)
Money (used for) generated from financing actions	$	(228,886)	$	(407,606)
Making an investment actions
Mineral movement pursuits	$	(151,929)	$	(520,891)
Early deposit mineral movement pursuits		(1,500)		(1,500)
Mineral royalty passion		–		(3,571)
Web proceeds on disposal of mineral movement pursuits		131,763		–
Acquisition of long-term investments		(22,768)		(7,453)
Proceeds on disposal of long-term investments		–		129,753
Dividends won		453		221
Different		(316)		(775)
Money (used for) generated from making an investment actions	$	(44,297)	$	(404,216)
Impact of alternate fee adjustments on coins and coins equivalents	$	(197)	$	39
Building up in coins and coins equivalents	$	470,044	$	33,362
Money and coins equivalents, starting of 12 months		226,045		192,683
Money and coins equivalents, finish of 12 months	$	696,089	$	226,045

Abstract of Gadgets Produced

		This fall 2022	Q3 2022	Q2 2022	Q1 2022	This fall 2021	Q3 2021	Q2 2021	Q1 2021
Gold oz produced ²
Salobo		37,939	44,212	34,129	44,883	48,235	55,205	55,590	46,622
Sudbury ³		6,342	3,437	5,289	5,362	4,379	148	4,563	7,004
Constancia		10,496	7,196	8,042	6,311	9,857	8,533	5,525	2,453
San Dimas ⁴		10,037	11,808	10,044	10,461	13,714	11,936	11,478	10,491
Stillwater ⁵		2,185	1,833	2,171	2,497	2,664	2,949	2,962	3,041
Different
	Minto	2,567	3,182	2,480	4,060	3,506	1,703	3,206	2,638
	777 ⁶	–	–	3,509	4,003	4,462	4,717	5,035	6,280
	Marmato	533	542	778	477	479	433	1,713	–
General Different		3,100	3,724	6,767	8,540	8,447	6,853	9,954	8,918
General gold oz produced		70,099	72,210	66,442	78,054	87,296	85,624	90,072	78,529
Silver oz produced ²
Peñasquito		1,761	2,017	2,089	2,219	2,145	2,180	2,026	2,202
Antamina		1,107	1,377	1,379	1,260	1,366	1,548	1,558	1,577
Constancia		655	564	584	506	578	521	468	406
Different
	Los Filos ⁷	23	23	23	42	37	17	26	31
	Zinkgruvan	664	642	739	577	482	658	457	420
	Yauliyacu ⁸	261	463	756	637	382	372	629	737
	Stratoni ⁹	–	–	–	–	129	18	164	165
	Minto	33	42	25	45	44	25	33	21
	Neves-Corvo	369	323	345	344	522	362	408	345
	Aljustrel	313	246	292	287	325	314	400	474
	Cozamin	157	179	169	186	213	199	183	230
	Marmato	9	7	8	11	7	10	39	–
	Keno Hill ¹⁰	–	–	48	20	30	44	55	27
	777 ⁶	–	–	80	91	96	81	83	130
General Different		1,829	1,925	2,485	2,240	2,267	2,100	2,477	2,580
General silver oz produced		5,352	5,883	6,537	6,225	6,356	6,349	6,529	6,765
Palladium oz produced ²
Stillwater ⁵		3,869	3,229	3,899	4,488	4,733	5,105	5,301	5,769
Cobalt kilos produced ²
Voisey’s Bay		128	226	136	234	381	370	380	1,162 ¹¹
GEOs produced ¹²		148,323	158,554	160,646	170,590	184,551	183,012	190,272	196,756
Reasonable payable fee ²
Gold		94.9 %	95.0 %	95.1 %	95.2 %	96.0 %	96.0 %	95.8 %	95.0 %
Silver		83.5 %	85.5 %	85.5 %	86.1 %	86.0 %	86.6 %	86.9 %	86.6 %
Palladium		91.7 %	95.0 %	94.6 %	92.7 %	92.2 %	94.5 %	95.0 %	91.6 %
Cobalt		93.3 %	93.3 %	93.3 %	93.3 %	93.3 %	93.3 %	93.3 %	93.3 %
GEO ¹²		89.2 %	90.2 %	90.1 %	90.5 %	91.4 %	91.3 %	91.8 %	90.7 %

1)	All figures in 1000’s excluding gold and palladium oz produced.
2)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures and payable charges are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures and payable charges is also up to date in long run classes as additional info is won.
3)	Made out of the Coleman, Copper Cliff, Garson, Creighton and Totten gold pursuits. Operations on the Sudbury mines had been suspended from June 1, 2021 to August 9, 2021 because of a labour disruption by means of unionized staff.
4)	Beneath the phrases of the San Dimas PMPA, the Corporate is entitled to an quantity equivalent to twenty-five% of the payable gold manufacturing plus an extra quantity of gold equivalent to twenty-five% of the payable silver manufacturing transformed to gold at a hard and fast gold to silver alternate ratio of 70:1 from the San Dimas mine. If the typical gold to silver worth ratio decreases to lower than 50:1 or will increase to greater than 90:1 for a duration of 6 months or extra, then the “70” will likely be revised to “50” or “90”, because the case is also, till such time as the typical gold to silver worth ratio is between 50:1 to 90:1 for a duration of 6 months or extra during which match the “70” will likely be reinstated. Efficient April 1, 2020, the mounted gold to silver alternate ratio used to be revised to 90:1, with the 70:1 ratio being reinstated on October 15, 2020. For reference, attributable silver manufacturing from prior classes is as follows: This fall 2022 – 348,000 oz; Q3 2022 – 412,000 oz; Q2 2022 – 382,000 oz; Q1 2022 – 408,000 oz; This fall 2021 – 544,000 oz; Q3 2021 – 472,000 oz; Q2 2021 – 467,000 oz; Q1 2021 – 429,000 oz..
5)	Made out of the Stillwater and East Boulder gold and palladium pursuits.
6)	On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced.
7)	Operations at Los Filos had been briefly suspended from June 22, 2021 to July 26, 2021 as the results of unlawful blockades by means of a bunch of unionized staff and participants of the Xochipala neighborhood.
8)	On December 14, 2022 the Corporate terminated the Yauliyacu PMPA in alternate for a coins fee of $132 million.
9)	The Stratoni mine used to be positioned into care and upkeep all the way through This fall-2021.
10)	On September 7, 2022, the Corporate terminated the Keno Hill movement in alternate for $141 million of Hecla commonplace stocks won as attention.
11)	Efficient January 1, 2021, the Corporate used to be entitled to cobalt manufacturing from the Voisey’s Bay mine. As in step with the Voisey’s Bay PMPA with Vale, Wheaton is entitled to any cobalt processed on the Lengthy Harbour Processing Plant as of January 1, 2021, leading to reported manufacturing within the first quarter of 2021 together with some subject matter produced on the Voisey’s Bay mine within the earlier quarter.
12)	GEOs, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: $1,800 in step with ounce gold; $24.00 in step with ounce silver; $2,100 in step with ounce palladium; and $33.00 in step with pound cobalt; in line with the ones utilized in estimating the Corporate’s manufacturing steerage for 2022.

Abstract of Gadgets Bought

		This fall 2022	Q3 2022	Q2 2022	Q1 2022	This fall 2021	Q3 2021	Q2 2021	Q1 2021
Gold oz bought
Salobo		41,029	31,818	48,515	42,513	47,171	35,185	57,296	51,423
Sudbury ²		4,988	5,147	7,916	3,712	965	1,915	6,945	3,691
Constancia		6,013	6,336	7,431	10,494	6,196	8,159	2,321	1,676
San Dimas		10,943	10,196	10,633	10,070	15,182	11,346	11,214	10,273
Stillwater ³		1,783	2,127	2,626	2,628	2,933	2,820	2,574	3,074
Different
	Minto	2,982	2,559	2,806	3,695	2,462	1,907	2,359	2,390
	777	785	3,098	3,629	4,388	4,290	5,879	5,694	2,577
	Marmato	473	719	781	401	423	438	1,687	–
General Different		4,240	6,376	7,216	8,484	7,175	8,224	9,740	4,967
General gold oz bought		68,996	62,000	84,337	77,901	79,622	67,649	90,090	75,104
Silver oz bought
Peñasquito		2,066	1,599	2,096	2,188	1,818	2,210	1,844	2,174
Antamina		1,114	1,155	1,177	1,468	1,297	1,502	1,499	1,930
Constancia		403	498	494	644	351	484	295	346
Different
	Los Filos	16	24	41	42	17	12	42	27
	Zinkgruvan	547	376	650	355	346	354	355	293
	Yauliyacu	337	1,005	817	44	551	182	601	1,014
	Stratoni	–	–	(2)	133	42	41	167	117
	Minto	23	22	21	31	27	24	29	26
	Neves-Corvo	80	105	167	204	259	193	215	239
	Aljustrel	156	185	123	145	133	155	208	257
	Cozamin	150	154	148	177	174	170	168	173
	Marmato	7	8	11	8	8	10	35	–
	Keno Hill	1	30	30	27	24	51	33	12
	777	35	73	75	87	69	99	109	49
General Different		1,352	1,982	2,081	1,253	1,650	1,291	1,962	2,207
General silver oz bought		4,935	5,234	5,848	5,553	5,116	5,487	5,600	6,657
Palladium oz bought
Stillwater ³		3,396	4,227	3,378	4,075	4,641	5,703	3,869	5,131
Cobalt kilos bought
Voisey’s Bay		187	115	225	511	228	131	395	132
GEOs bought ⁴		142,190	138,824	170,371	166,065	157,439	149,862	176,502	172,271
Cumulative payable devices PBND ⁵
Gold oz		63,601	65,978	59,331	81,365	84,989	80,819	66,238	70,072
Silver oz		2,820	3,444	3,543	3,910	4,200	3,845	3,802	3,738
Palladium oz		5,098	5,041	6,267	5,535	5,629	5,619	6,822	5,373
Cobalt kilos		257	402	280	550	596	637	777	820
GEO ⁴		111,867	125,151	119,009	150,032	158,477	150,317	139,145	141,206
Stock available
Cobalt kilos		633	556	582	410	657	488	134	132

1)	All figures in 1000’s excluding gold and palladium oz bought.
2)	Made out of the Coleman, Copper Cliff, Garson, Creighton and Totten gold pursuits.
3)	Made out of the Stillwater and East Boulder gold and palladium pursuits.
4)	GEOs, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: $1,800 in step with ounce gold; $24.00 in step with ounce silver; $2,100 in step with ounce palladium; and $33.00 in step with pound cobalt; in line with the ones utilized in estimating the Corporate’s manufacturing steerage for 2022.
5)	Payable gold, silver and palladium oz in addition to cobalt kilos produced however no longer but delivered (“PBND”) are in keeping with control estimates. Those figures is also up to date in long run classes as additional info is won.

Result of Operations

The working result of the Corporate’s reportable working segments are summarized within the tables and remark underneath.

3 Months Ended December 31, 2022
	Gadgets Produced²	Gadgets Bought	Reasonable Discovered Value ($’s In line with Unit)		Reasonable Money Price ($’s In line with Unit) ³		Reasonable Depletion ($’s In line with Unit)		Gross sales		Impairment (Fees) Reversals / Acquire on Disposal ⁴		Web Profits		Money Float From Operations		General Property
Gold
Salobo	37,939	41,029	$	1,728	$	416	$	334	$	70,878	$	–	$	40,110	$	53,800	$	2,383,262
Sudbury ⁵	6,342	4,988		1,712		400		1,092		8,538		–		1,095		7,809		283,416
Constancia	10,496	6,013		1,728		416		271		10,388		–		6,255		7,885		95,583
San Dimas	10,037	10,943		1,728		624		260		18,903		–		9,231		12,071		155,865
Stillwater	2,185	1,783		1,728		309		429		3,080		–		1,765		2,530		215,852
Different ⁶	3,100	4,240		1,713		894		59		7,264		(1,719)		1,505		4,697		494,143
	70,099	68,996	$	1,725	$	475	$	357	$	119,051	$	(1,719)	$	59,961	$	88,792	$	3,628,121
Silver
Peñasquito	1,761	2,066	$	21.28	$	4.36	$	3.57	$	43,949	$	–	$	27,577	$	34,943	$	293,674
Antamina	1,107	1,114		21.28		4.33		7.06		23,701		–		11,009		18,872		545,368
Constancia	655	403		21.28		6.14		6.35		8,572		–		3,538		6,098		192,947
Different ⁷	1,829	1,352		22.15		6.19		5.03		29,953		51,443		66,228		20,283		453,096
	5,352	4,935	$	21.52	$	5.00	$	4.98	$	106,175	$	51,443	$	108,352	$	80,196	$	1,485,085
Palladium
Stillwater	3,869	3,396	$	1,939	$	357	$	399	$	6,586	$	–	$	4,018	$	5,373	$	226,812
Platinum
Marathon	–	–	$	n.a.	$	n.a.	$	n.a.	$	–	$	–	$	–	$	–	$	9,428
Cobalt
Voisey’s Bay	128	187	$	22.62	$	16.52 ⁸	$	13.72	$	4,239	$	–	$	(1,426)	$	3,766	$	357,573
Working effects									$	236,051	$	49,724	$	170,905	$	178,127	$	5,707,019
Different
Basic and administrative													$	(8,383)	$	(6,399)
Percentage primarily based repayment														(8,474)		–
Donations and neighborhood investments														(2,916)		(2,742)
Finance prices														(1,377)		(1,028)
Different														4,000		4,100
Source of revenue tax														12,370		(30)
General different													$	(4,780)	$	(6,099)	$	1,052,887
													$	166,125	$	172,028	$	6,759,906

1)	Gadgets of gold, silver and palladium produced and bought are reported in oz, whilst cobalt is reported in kilos. All figures in 1000’s excluding gold and palladium oz produced and bought and in step with unit quantities.
2)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
3)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
4)	The acquire on disposal of Different silver pursuits pertains to the termination of the Yauliyacu PMPA, whilst the impairment of Different gold pursuits pertains to the 777 PMPA.
5)	Made out of the working Coleman, Copper Cliff, Garson, Creighton and Totten gold pursuits and the non-operating Stobie and Victor gold pursuits.
6)	Made out of the working Minto and Marmato gold pursuits in addition to the non-operating 777, Copper Global Complicated (previously known as Rosemont), Santo Domingo, Blackwater, Fenix, Goose, Marathon and Curipamba gold pursuits. On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced.
7)	Made out of the working Los Filos, Zinkgruvan, Neves-Corvo, Aljustrel, Minto, Cozamin and Marmato silver pursuits, the non-operating 777, Loma de Los angeles Plata, Stratoni, Pascua-Lama, Copper Global Complicated (previously known as Rosemont), Blackwater and Curipamba silver pursuits and the prior to now owned Yauliyacu and Keno Hill silver pursuits. The Stratoni mine used to be positioned into care and upkeep all the way through This fall-2021. On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced. On September 7, 2022, the Keno Hill movement used to be terminated in alternate for $141 million of Hecla commonplace inventory. On December 14, 2022 the Yauliyacu PMPA used to be terminated in alternate for a coins fee of $132 million.
8)	Money price in step with pound of cobalt bought all the way through the fourth quarter of 2022 contains a listing impairment fee of $1.6 million, leading to an build up of $8.71 in step with pound. The Corporate displays the cobalt stock on the decrease of price and internet realizable will proceed to observe the marketplace worth of cobalt relative to the wearing of the stock at every reporting duration.

On a gold an identical and silver an identical foundation, effects for the Corporate for the 3 months ended December 31, 2022 had been as follows:

3 Months Ended December 31, 2022
	Oz. Produced ¹	Oz. Bought	Reasonable Discovered Value ($’s In line with Ounce)	Reasonable Money Price ($’s In line with Ounce) ²	Money Working Margin ($’ s In line with Ounce) ³	Reasonable Depletion ($’s In line with Ounce)	Gross Margin ($’s In line with Ounce)
Gold an identical foundation ⁴	148,323	142,190	$ 1,660	$ 434	$ 1,226	$ 374	$ 852

1)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
2)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
3)	Seek advice from dialogue on non-IFRS measure (iv) on the finish of this press liberate.
4)	GEOs, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: $1,800 in step with ounce gold; $24.00 in step with ounce silver; $2,100 in step with ounce palladium; and $33.00 in step with pound cobalt; in line with the ones utilized in estimating the Corporate’s manufacturing steerage for 2022.

3 Months Ended December 31, 2021
	Gadgets Produced²	Gadgets Bought	Reasonable Discovered Value ($’s In line with Unit)		Reasonable Money Price ($’s In line with Unit) ³		Reasonable Depletion ($’s In line with Unit)		Gross sales		Impairment Reversal ⁴		Web Profits (Loss)		Money Float From Operations		General Property
Gold
Salobo	48,235	47,171	$	1,799	$	412	$	374	$	84,849	$	–	$	47,781	$	63,659	$	2,437,939
Sudbury ⁵	4,379	965		1,795		400		1,024		1,732		–		357		1,346		307,169
Constancia	9,857	6,196		1,799		412		315		11,147		–		6,642		8,398		103,789
San Dimas	13,714	15,182		1,799		618		322		27,309		–		13,030		17,923		166,723
Stillwater	2,664	2,933		1,799		319		397		5,275		–		3,176		4,340		219,785
Different ⁶	8,447	7,175		1,795		676		42		12,875		–		7,721		8,463		364,792
	87,296	79,622	$	1,798	$	472	$	338	$	143,187	$	–	$	78,707	$	104,129	$	3,600,197
Silver
Peñasquito	2,145	1,818	$	23.28	$	4.29	$	3.55	$	42,314	$	–	$	28,064	$	34,515	$	322,018
Antamina	1,366	1,297		23.33		4.73		7.53		30,250		–		14,351		25,091		580,052
Constancia	578	351		23.28		6.08		7.56		8,170		–		3,383		5,739		205,884
Different ⁷	2,267	1,650		23.48		7.22		5.83		38,770		–		17,226		26,118		593,195
	6,356	5,116	$	23.36	$	5.47	$	5.57	$	119,504	$	–	$	63,024	$	91,463	$	1,701,149
Palladium
Stillwater	4,733	4,641	$	1,918	$	340	$	442	$	8,902	$	–	$	5,268	$	7,323	$	232,830
Cobalt
Voisey’s Bay	381	228	$	28.94	$	4.68	$	8.17	$	6,604	$	156,717	$	160,390	$	2,443	$	371,621
Working effects									$	278,197	$	156,717	$	307,389	$	205,358	$	5,905,797
Different
Basic and administrative													$	(8,547)	$	(6,043)
Percentage primarily based repayment														(5,519)		–
Donations and neighborhood investments														(2,889)		(3,067)
Finance prices														(1,508)		(1,026)
Different														3,581		296
Source of revenue tax														(685)		(228)
General different													$	(15,567)	$	(10,068)	$	390,354
													$	291,822	$	195,290	$	6,296,151

1)	Gadgets of gold, silver and palladium produced and bought are reported in oz, whilst cobalt is reported in kilos. All figures in 1000’s excluding gold and palladium oz produced and bought and in step with unit quantities.
2)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
3)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
4)	Pertains to the Voisey’s Bay PMPA.
5)	Made out of the working Coleman, Copper Cliff, Garson, Creighton and Totten gold pursuits in addition to the non-operating Stobie and Victor gold pursuits.
6)	Made out of the working Minto, 777 and Marmato gold pursuits in addition to the non-operating Copper Global Complicated gold passion (previously known as Rosemont). On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced.
7)	Made out of the working Los Filos, Zinkgruvan, Stratoni, Neves-Corvo, Aljustrel, Minto, 777, Marmato and Cozamin silver pursuits, the non-operating Loma de Los angeles Plata, Copper Global Complicated (previously known as Rosemont) and Pascua-Lama silver pursuits and the prior to now owned Keno Hill and Yauliyacu silver pursuits. The Stratoni mine used to be positioned into care and upkeep all the way through This fall-2021. On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced. On September 7, 2022, the Keno Hill movement used to be terminated in alternate for $141 million of Hecla commonplace inventory. On December 14, 2022 the Yauliyacu PMPA used to be terminated in alternate for a coins fee of $132 million.

On a gold an identical and silver an identical foundation, effects for the Corporate for the 3 months ended December 31, 2021 had been as follows:

3 Months Ended December 31, 2021
	Oz. Produced ¹	Oz. Bought	Reasonable Discovered Value ($’s In line with Ounce)	Reasonable Money Price ($’s In line with Ounce) ²	Money Working Margin ($’ s In line with Ounce) ³	Reasonable Depletion ($’s In line with Ounce)	Gross Margin ($’s In line with Ounce)
Gold an identical foundation ⁴	184,551	157,439	$ 1,767	$ 433	$ 1,334	$ 377	$ 957

1)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
2)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
3)	Seek advice from dialogue on non-IFRS measure (iv) on the finish of this press liberate.
4)	GEOs, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: $1,800 in step with ounce gold; $24.00 in step with ounce silver; $2,100 in step with ounce palladium; and $33.00 in step with pound cobalt; in line with the ones utilized in estimating the Corporate’s manufacturing steerage for 2022.

Yr Ended December 31, 2022
	Gadgets Produced²	Gadgets Bought	Reasonable Discovered Value ($’s In line with Unit)		Reasonable Money Price ($’s In line with Unit) ³		Reasonable Depletion ($’s In line with Unit)		Gross sales		Impairment (Fees) Reversals / Acquire on Disposal ⁴		Web Profits		Money Float From Operations		General Property
Gold
Salobo	161,163	163,875	$	1,807	$	416	$	334	$	296,145	$	–	$	173,257	$	227,933	$	2,383,262
Sudbury ⁵	20,430	21,763		1,802		400		1,091		39,211		–		6,752		30,789		283,416
Constancia	32,045	30,274		1,812		414		271		54,868		–		34,142		42,348		95,583
San Dimas	42,350	41,842		1,798		623		260		75,238		–		38,327		49,186		155,865
Stillwater	8,686	9,164		1,810		325		429		16,583		–		9,667		13,600		215,852
Different ⁶	22,131	26,316		1,811		760		48		47,653		(1,719)		24,687		27,610		494,143
	286,805	293,234	$	1,806	$	472	$	350	$	529,698	$	(1,719)	$	286,832	$	391,466	$	3,628,121
Silver
Peñasquito	8,086	7,949	$	21.97	$	4.36	$	3.57	$	174,635	$	–	$	111,634	$	139,978	$	293,674
Antamina	5,123	4,914		21.94		4.40		7.06		107,794		–		51,488		85,824		545,368
Constancia	2,309	2,039		21.97		6.10		6.35		44,798		–		19,421		32,358		192,947
Different ⁷	8,479	6,668		21.56		6.95		5.50		143,776		166,198		226,995		96,251		453,096
	23,997	21,570	$	21.84	$	5.33	$	5.22	$	471,003	$	166,198	$	409,538	$	354,411	$	1,485,085
Palladium
Stillwater	15,485	15,076	$	2,133	$	377	$	399	$	32,160	$	–	$	20,455	$	26,472	$	226,812
Platinum
Marathon	–	–	$	n.a.	$	n.a.	$	n.a.	$	–	$	–	$	–	$	–	$	9,428
Cobalt
Voisey’s Bay	724	1,038	$	31.00	$	8.10 ⁸	$	10.26	$	32,192	$	–	$	13,134	$	28,449	$	357,573
Working effects									$	1,065,053	$	164,479	$	729,959	$	800,798	$	5,707,019
Different
Basic and administrative													$	(35,831)	$	(35,332)
Percentage primarily based repayment														(20,060)		(18,161)
Donations and neighborhood investments														(6,296)		(5,718)
Finance prices														(5,586)		(4,135)
Different														7,449		6,143
Source of revenue tax														(509)		(171)
General different													$	(60,833)	$	(57,374)	$	1,052,887
													$	669,126	$	743,424	$	6,759,906

1)	Gadgets of gold, silver and palladium produced and bought are reported in oz, whilst cobalt is reported in kilos. All figures in 1000’s excluding gold and palladium oz produced and bought and in step with unit quantities.
2)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
3)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
4)	The acquire on disposal of Different silver pursuits pertains to the termination of the Keno Hill and Yauliyacu PMPAs, whilst the impairment of Different gold pursuits pertains to the 777 PMPA.
5)	Made out of the working Coleman, Copper Cliff, Garson, Creighton and Totten gold pursuits and the non-operating Stobie and Victor gold pursuits.
6)	Made out of the working Minto and Marmato gold pursuits in addition to the non-operating 777 and Copper Global Complicated (previously known as Rosemont), Santo Domingo, Blackwater, Fenix, Goose, Marathon and Curipamba gold pursuits. On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced.
7)	Made out of the working Los Filos, Zinkgruvan, Neves-Corvo, Aljustrel, Minto, Cozamin and Marmato silver pursuits, the non-operating 777, Loma de Los angeles Plata, Stratoni, Pascua-Lama, Copper Global Complicated (previously known as Rosemont), Blackwater and Curipamba silver pursuits and the prior to now owned Keno Hill and Yauliyacu silver pursuits. The Stratoni mine used to be positioned into care and upkeep all the way through This fall-2021. On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced. On September 7, 2022, the Keno Hill movement used to be terminated in alternate for $141 million of Hecla commonplace inventory. On December 14, 2022 the Yauliyacu PMPA used to be terminated in alternate for a coins fee of $132 million.
8)	Money price in step with pound of cobalt bought all the way through the fourth quarter of 2022 contains a listing impairment fee of $1.6 million, leading to an build up of $1.60 in step with pound. The Corporate displays the cobalt stock on the decrease of price and internet realizable will proceed to observe the marketplace worth of cobalt relative to the wearing of the stock at every reporting duration.

On a gold an identical and silver an identical foundation, effects for the Corporate for the 12 months ended December 31, 2022 had been as follows:

Yr Ended December 31, 2022
	Oz. Produced ¹	Oz. Bought	Reasonable Discovered Value ($’s In line with Ounce)	Reasonable Money Price ($’s In line with Ounce) ²	Money Working Margin ($’ s In line with Ounce) ³	Reasonable Depletion ($’s In line with Ounce)	Gross Margin ($’s In line with Ounce)
Gold an identical foundation ⁴	638,113	617,450	$ 1,725	$ 433	$ 1,292	$ 376	$ 916

1)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
2)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
3)	Seek advice from dialogue on non-IFRS measure (iv) on the finish of this press liberate.
5)	GEOs, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: $1,800 in step with ounce gold; $24.00 in step with ounce silver; $2,100 in step with ounce palladium; and $33.00 in step with pound cobalt; in line with the ones utilized in estimating the Corporate’s manufacturing steerage for 2022.

Yr Ended December 31, 2021
	Gadgets Produced²	Gadgets Bought	Reasonable Discovered Value ($’s In line with Unit)		Reasonable Money Price ($’s In line with Unit) ³		Reasonable Depletion ($’s In line with Unit)		Gross sales		Impairment Reversal ⁴		Web Profits		Money Float From Operations		General Property
Gold
Salobo	205,652	191,075	$	1,797	$	412	$	374	$	343,398	$	–	$	193,247	$	264,652	$	2,437,939
Sudbury ⁵	16,094	13,516		1,811		400		1,024		24,475		–		5,221		19,068		307,169
Constancia	26,368	18,352		1,797		411		315		32,974		–		19,658		25,438		103,789
San Dimas	47,619	48,015		1,797		617		322		86,290		–		41,199		56,679		166,723
Stillwater	11,616	11,401		1,797		325		397		20,487		–		12,259		16,784		219,785
Different ⁶	34,172	30,106		1,804		607		61		54,296		–		34,192		36,444		364,792
	341,521	312,465	$	1,798	$	459	$	361	$	561,920	$	–	$	305,776	$	419,065	$	3,600,197
Silver
Peñasquito	8,553	8,046	$	25.07	$	4.29	$	3.55	$	201,688	$	–	$	138,616	$	167,169	$	322,018
Antamina	6,049	6,228		25.17		5.04		7.53		156,735		–		78,458		125,688		580,052
Constancia	1,973	1,476		24.91		6.05		7.56		36,775		–		16,689		27,848		205,884
Different ⁷	9,424	7,110		25.07		8.06		5.56		178,231		–		81,393		123,359		593,195
	25,999	22,860	$	25.08	$	5.78	$	5.52	$	573,429	$	–	$	315,156	$	444,064	$	1,701,149
Palladium
Stillwater	20,908	19,344	$	2,369	$	433	$	442	$	45,834	$	–	$	28,891	$	37,450	$	232,830
Cobalt
Voisey’s Bay	2,293	886	$	23.11	$	4.67	$	8.17	$	20,482	$	156,717	$	165,819	$	3,687	$	371,621
Working effects									$	1,201,665	$	156,717	$	815,642	$	904,266	$	5,905,797
Different
Basic and administrative													$	(35,119)	$	(31,931)
Percentage primarily based repayment														(19,265)		(16,926)
Donations and neighborhood investments														(6,601)		(6,323)
Finance prices														(5,817)		(4,271)
Different														5,776		609
Source of revenue tax														269		(279)
General different													$	(60,757)	$	(59,121)	$	390,354
													$	754,885	$	845,145	$	6,296,151

1)	Gadgets of gold, silver and palladium produced and bought are reported in oz, whilst cobalt is reported in kilos. All figures in 1000’s excluding gold and palladium oz produced and bought and in step with unit quantities.
2)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
3)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
4)	Pertains to the Voisey’s Bay PMPA.
5)	Made out of the working Coleman, Copper Cliff, Garson, Creighton and Totten gold pursuits in addition to the non-operating Stobie and Victor gold pursuits.
6)	Made out of the working Minto, 777 and Marmato gold pursuits in addition to the non-operating Copper Global Complicated gold passion (previously known as Rosemont). On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced.
7)	Made out of the working Los Filos, Zinkgruvan, Stratoni, Neves-Corvo, Aljustrel, Minto, 777, Marmato and Cozamin silver pursuits, the non-operating Loma de Los angeles Plata, Copper Global Complicated (previously known as Rosemont) and Pascua-Lama silver pursuits and the prior to now owned Keno Hill and Yauliyacu silver pursuits. The Stratoni mine used to be positioned into care and upkeep all the way through This fall-2021. On June 22, 2022, Hudbay introduced that mining actions at 777 have concluded and closure actions have commenced. On September 7, 2022, the Keno Hill movement used to be terminated in alternate for $141 million of Hecla commonplace inventory. On December 14, 2022 the Yauliyacu PMPA used to be terminated in alternate for a coins fee of $132 million.

On a gold an identical and silver an identical foundation, effects for the Corporate for the 12 months ended December 31, 2021 had been as follows:

Yr Ended December 31, 2021
	Oz. Produced ¹	Oz. Bought	Reasonable Discovered Value ($’s In line with Ounce)	Reasonable Money Price ($’s In line with Ounce) ²	Money Working Margin ($’ s In line with Ounce) ³	Reasonable Depletion ($’s In line with Ounce)	Gross Margin ($’s In line with Ounce)
Gold an identical foundation ⁴	754,591	656,074	$ 1,832	$ 439	$ 1,393	$ 388	$ 1,005

1)	Amount produced constitute the quantity of gold, silver, palladium and cobalt contained in listen or doré previous to smelting or refining deductions. Manufacturing figures are in keeping with knowledge equipped by means of the operators of the mining operations to which the mineral movement pursuits relate or control estimates in the ones scenarios the place different knowledge isn’t to be had. Sure manufacturing figures is also up to date in long run classes as additional info is won.
2)	Seek advice from dialogue on non-IFRS measure (iii) on the finish of this press liberate.
3)	Seek advice from dialogue on non-IFRS measure (iv) on the finish of this press liberate.
4)	GEOs, that are equipped to lend a hand the reader, are in keeping with the next commodity worth assumptions: $1,800 in step with ounce gold; $24.00 in step with ounce silver; $2,100 in step with ounce palladium; and $33.00 in step with pound cobalt; in line with the ones utilized in estimating the Corporate’s manufacturing steerage for 2022.

Non-IFRS Measures

Wheaton has incorporated, during this record, sure non-IFRS efficiency measures, together with (i) adjusted internet income and altered internet income in step with percentage; (ii) working coins waft in step with percentage (fundamental and diluted); (iii) moderate coins prices of gold, silver and palladium on a in step with ounce foundation and cobalt on a in step with pound foundation; and (iv) coins working margin.

i.	Adjusted internet income and altered internet income in step with percentage are calculated by means of taking out the results of non-cash impairment fees (reversals) (if any), non-cash honest price (good points) losses and different one-time (source of revenue) bills in addition to the reversal of non-cash source of revenue tax expense (restoration) which is offset by means of source of revenue tax expense (restoration) known within the Statements of Shareholders’ Fairness and OCI, respectively. The Corporate believes that, along with standard measures ready according to IFRS, control and likely buyers use this data to guage the Corporate’s efficiency.

	The next desk supplies a reconciliation of adjusted internet income and altered internet income in step with percentage (fundamental and diluted).

	3 Months Ended December 31					Years Ended December 31
(in 1000’s, excluding for in step with percentage quantities)		2022		2021			2022		2021
Web income		$	166,125	$	291,822		$	669,126	$	754,885
Upload again (deduct):
Impairment fee (reversal)			1,719		(156,717)			(8,611)		(156,717)
Acquire on disposal of Mineral Move Hobby			(51,443)		–			(155,868)		–
(Acquire) loss on honest price adjustment of percentage acquire warrants held			(67)		(290)			1,033		2,101
(Acquire) loss on honest price adjustment of convertible notes receivable			–		(1,597)			1,380		(5,733)
Source of revenue tax (expense) restoration known within the Remark of Shareholders’ Fairness			–		974			4,143		1,811
Source of revenue tax (expense) restoration known within the Remark of OCI			(7,214)		(325)			(6,513)		(2,314)
Source of revenue tax expense (restoration) due to disposal of Mineral Move Hobby, internet of above			(5,376)		–			2,404		–
Different			–		(1,635)			(2,182)		(1,954)
Adjusted internet income		$	103,744	$	132,232		$	504,912	$	592,079
Divided by means of:
Elementary weighted moderate choice of stocks remarkable			452,070		450,614			451,570		450,138
Diluted weighted moderate choice of stocks remarkable			452,778		451,570			452,344		451,170
Equals:
Adjusted income in step with percentage – fundamental		$	0.229	$	0.293		$	1.118	$	1.315
Adjusted income in step with percentage – diluted		$	0.229	$	0.293		$	1.116	$	1.312


ii.	Working coins waft in step with percentage (fundamental and diluted) is calculated by means of dividing coins generated by means of working actions by means of the weighted moderate choice of stocks remarkable (fundamental and diluted). The Corporate items working coins waft in step with percentage as control and likely buyers use this data to guage the Corporate’s efficiency compared to different corporations within the priceless steel mining business who provide effects on a an identical foundation.

	The next desk supplies a reconciliation of working coins waft in step with percentage (fundamental and diluted).

	3 Months Ended December 31					Years Ended December 31
(in 1000’s, excluding for in step with percentage quantities)		2022		2021			2022		2021
Money generated by means of working actions		$	172,028	$	195,290		$	743,424	$	845,145
Divided by means of:
Elementary weighted moderate choice of stocks remarkable			452,070		450,614			451,570		450,138
Diluted weighted moderate choice of stocks remarkable			452,778		451,570			452,344		451,170
Equals:
Working coins waft in step with percentage – fundamental		$	0.381	$	0.433		$	1.646	$	1.878
Working coins waft in step with percentage – diluted		$	0.380	$	0.432		$	1.643	$	1.873


iii.	Reasonable coins price of gold, silver and palladium on a in step with ounce foundation and cobalt on a in step with pound foundation is calculated by means of dividing the full price of gross sales, much less depletion, by means of the oz or kilos bought. Within the priceless steel mining business, it is a commonplace efficiency measure however does no longer have any standardized which means prescribed by means of IFRS. Along with standard measures ready according to IFRS, control and likely buyers use this data to guage the Corporate’s efficiency and talent to generate coins waft.

	The next desk supplies a calculation of moderate coins price of gold, silver and palladium on a in step with ounce foundation and cobalt on a in step with pound foundation.

	3 Months Ended December 31					Years Ended December 31
(in 1000’s, excluding for gold and palladium oz bought and in step with unit quantities)		2022		2021			2022		2021
Price of gross sales		$	114,870	$	127,525		$	499,573	$	542,740
Much less: depletion			(53,139)		(59,335)			(231,952)		(254,793)
Money price of gross sales		$	61,731	$	68,190		$	267,621	$	287,947
Money price of gross sales is made from:
General coins price of gold bought		$	32,749	$	37,550		$	138,468	$	143,272
General coins price of silver bought			24,674		27,993			115,058		132,151
General coins price of palladium bought			1,213		1,580			5,687		8,384
General coins price of cobalt bought			3,095		1,067			8,408		4,140
General coins price of gross sales		$	61,731	$	68,190		$	267,621	$	287,947
Divided by means of:
General gold oz bought			68,996		79,622			293,234		312,465
General silver oz bought			4,935		5,116			21,570		22,860
General palladium oz bought			3,396		4,641			15,076		19,344
General cobalt kilos bought			187		228			1,038		886
Equals:
Reasonable coins price of gold (in step with ounce)		$	475	$	472		$	472	$	459
Reasonable coins price of silver (in step with ounce)		$	5.00	$	5.47		$	5.33	$	5.78
Reasonable coins price of palladium (in step with ounce)		$	357	$	340		$	377	$	433
Reasonable coins price of cobalt (in step with pound)		$	16.52	$	4.68		$	8.10	$	4.67


iv.	Money working margin is calculated by means of subtracting the typical coins price of gold, silver and palladium on a in step with ounce foundation and cobalt on a in step with pound foundation from the typical discovered promoting worth of gold, silver and palladium on a in step with ounce foundation and cobalt on a in step with pound foundation. The Corporate items coins working margin as control and likely buyers use this data to guage the Corporate’s efficiency compared to different corporations within the priceless steel mining business who provide effects on a an identical foundation in addition to to guage the Corporate’s skill to generate coins waft.

	The next desk supplies a reconciliation of money working margin.

	3 Months Ended December 31					Years Ended December 31
(in 1000’s, excluding for gold and palladium oz bought and in step with unit quantities)		2022		2021			2022		2021
General gross sales:
Gold		$	119,051	$	143,187		$	529,698	$	561,920
Silver		$	106,175	$	119,504		$	471,003	$	573,429
Palladium		$	6,586	$	8,902		$	32,160	$	45,834
Cobalt		$	4,239	$	6,604		$	32,192	$	20,482
Divided by means of:
General gold oz bought			68,996		79,622			293,234		312,465
General silver oz bought			4,935		5,116			21,570		22,860
General palladium oz bought			3,396		4,641			15,076		19,344
General cobalt kilos bought			187		228			1,038		886
Equals:
Reasonable discovered worth of gold (in step with ounce)		$	1,725	$	1,798		$	1,806	$	1,798
Reasonable discovered worth of silver (in step with ounce)		$	21.52	$	23.36		$	21.84	$	25.08
Reasonable discovered worth of palladium (in step with ounce)		$	1,939	$	1,918		$	2,133	$	2,369
Reasonable discovered worth of cobalt (in step with pound)		$	22.62	$	28.94		$	31.00	$	23.11
Much less:
Reasonable coins price of gold ¹ (in step with ounce)		$	(475)	$	(472)		$	(472)	$	(459)
Reasonable coins price of silver ¹ (in step with ounce)		$	(5.00)	$	(5.47)		$	(5.33)	$	(5.78)
Reasonable coins price of palladium ¹ (in step with ounce)		$	(357)	$	(340)		$	(377)	$	(433)
Reasonable coins price of cobalt ¹ (in step with pound)		$	(16.52)	$	(4.68)		$	(8.10)	$	(4.67)
Equals:
Money working margin in step with gold ounce bought		$	1,250	$	1,326		$	1,334	$	1,339
As a proportion of discovered worth of gold			72 %		74 %			74 %		74 %
Money working margin in step with silver ounce bought		$	16.52	$	17.89		$	16.51	$	19.30
As a proportion of discovered worth of silver			77 %		77 %			76 %		77 %
Money working margin in step with palladium ounce bought		$	1,582	$	1,578		$	1,756	$	1,936
As a proportion of discovered worth of palladium			82 %		82 %			82 %		82 %
Money working margin in step with cobalt pound bought		$	6.10	$	24.26		$	22.90	$	18.44
As a proportion of discovered worth of cobalt			27 %		84 %			74 %		80 %

1) Please seek advice from non-IFRS measure (iii), above.

Those non-IFRS measures don’t have any standardized which means prescribed by means of IFRS, and different corporations might calculate those measures otherwise. The presentation of those non-IFRS measures is meant to supply additional info and must no longer be regarded as in isolation or as an alternative to measures of efficiency ready according to IFRS. For extra detailed knowledge, please seek advice from Wheaton’s MD&A to be had at the Corporate’s web site at www.wheatonpm.com and posted on SEDAR at www.sedar.com .

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press liberate incorporates “forward-looking statements” throughout the which means of the US Personal Securities Litigation Reform Act of 1995 and “forward-looking knowledge” throughout the which means of acceptable Canadian securities law regarding the industry, operations and fiscal efficiency of Wheaton and, in some circumstances, the industry, mining operations and function of Wheaton’s PMPA counterparties. Ahead-looking statements, that are all statements as opposed to statements of ancient truth, come with, however don’t seem to be restricted to, statements with recognize to the long run worth of commodities, the estimation of long run manufacturing from Mining Operations (together with within the estimation of manufacturing, mill throughput, grades, recoveries and exploration attainable), the estimation of mineral reserves and mineral sources (together with the estimation of reserve conversion charges) and the belief of such estimations, the graduation, timing and fulfillment of building, growth or development tasks by means of Wheaton’s PMPA counterparties at mineral movement pursuits owned by means of Wheaton (the “Mining Operations”), the fee of in advance coins attention to counterparties below PMPAs, the pride of every birthday party’s tasks according to PMPAs and royalty preparations and the receipt by means of the Corporate of priceless metals and cobalt manufacturing in recognize of the acceptable Mining Operations below PMPAs or different bills below royalty preparations, the facility of Wheaton’s PMPA counterparties to agree to the phrases of a PMPA (together with because of the industry, mining operations and function of Wheaton’s PMPA counterparties) and the prospective affects of such on Wheaton, long run bills by means of the Corporate according to PMPAs, the prices of long run manufacturing, the estimation of produced however no longer but delivered oz, the have an effect on of epidemics (together with the COVID-19 virus pandemic), together with the prospective heightening of different dangers, long run gross sales of commonplace stocks below the ATM program, persisted record of the Corporate’s commonplace stocks, any statements as to long run dividends, the facility to fund remarkable commitments and the facility to proceed to obtain accretive PMPAs, together with any acceleration of bills, projected will increase to Wheaton’s manufacturing and coins waft profile, projected adjustments to Wheaton’s manufacturing combine, the facility of Wheaton’s PMPA counterparties to agree to the phrases of some other tasks below agreements with the Corporate, the facility to promote priceless metals and cobalt manufacturing, self assurance within the Corporate’s industry construction, the Corporate’s evaluate of taxes payable and the have an effect on of the CRA Agreement for years next to 2010, conceivable home audits for taxation years next to 2016 and world audits, the Corporate’s evaluate of the have an effect on of any tax reassessments, the Corporate’s aim to report long run tax returns in a fashion in line with the CRA Agreement, the Corporate’s local weather exchange and environmental commitments, and tests of the have an effect on and backbone of quite a lot of felony and tax issues, together with however no longer restricted to audits. Most often, those forward-looking statements may also be known by means of forward-looking terminology reminiscent of “plans”, “expects” or “does no longer be expecting”, “is predicted”, “price range”, “scheduled”, “estimates”, “forecasts”, “tasks”, “intends”, “anticipates” or “does no longer look ahead to”, or “believes”, “attainable”, or permutations of such phrases and words or statements that sure movements, occasions or effects “might”, “may”, “would”, “would possibly” or “will probably be taken”, “happen” or “be completed”. Ahead-looking statements are matter to identified and unknown dangers, uncertainties and different components that can motive the real effects, stage of task, efficiency or achievements of Wheaton to be materially other from the ones expressed or implied by means of such forward-looking statements, together with however no longer restricted to dangers in the case of the pride of every birthday party’s tasks according to the phrases of the Corporate’s PMPAs or royalty preparations, dangers related to fluctuations in the cost of commodities (together with Wheaton’s skill to promote its priceless metals or cobalt manufacturing at appropriate costs or in any respect), dangers associated with the Mining Operations (together with fluctuations in the cost of the principle or different commodities mined at such operations, regulatory, political and different dangers of the jurisdictions during which the Mining Operations are positioned, exact result of mining, dangers related to the exploration, construction, working, growth and development of the Mining Operations, environmental and financial dangers of the Mining Operations, and adjustments in mission parameters as plans proceed to be delicate), the absence of keep an eye on over the Mining Operations and having to depend at the accuracy of the general public disclosure and different knowledge Wheaton receives from the Mining Operations, uncertainty within the estimation of manufacturing from Mining Operations, uncertainty within the accuracy of mineral reserve and mineral useful resource estimation, dangers of important affects on Wheaton or the Mining Operations because of a pandemic (together with the COVID-19 virus pandemic), the facility of every birthday party to fulfill their tasks according to the phrases of the PMPAs, the estimation of long run manufacturing from Mining Operations, Wheaton’s interpretation of, compliance with or software of, tax rules and rules or accounting insurance policies and regulations being discovered to be flawed, any problem or reassessment by means of the CRA of the Corporate’s tax filings being a success and the prospective unfavourable have an effect on to the Corporate’s earlier and long run tax filings, assessing the have an effect on of the CRA Agreement (together with whether or not there will probably be any subject matter exchange within the Corporate’s information or exchange in legislation or jurisprudence), attainable implementation of a fifteen% world minimal tax, counterparty credit score and liquidity, mine operator focus, indebtedness and promises, hedging, festival, claims and felony court cases in opposition to Wheaton or the Mining Operations, safety over underlying belongings, governmental rules, world operations of Wheaton and the Mining Operations, exploration, construction, operations, expansions and enhancements on the Mining Operations, environmental rules, local weather exchange, Wheaton and the Mining Operations skill to acquire and handle essential licenses, lets in, approvals and rulings, Wheaton and the Mining Operations skill to agree to acceptable rules, rules and allowing necessities, loss of appropriate provides, infrastructure and staff to fortify the Mining Operations, lack of ability to switch and extend mineral reserves, together with expected timing of the graduation of manufacturing by means of sure Mining Operations (together with will increase in manufacturing, estimated grades and recoveries), uncertainties of name and indigenous rights with recognize to the Mining Operations, environmental, social and governance issues, Wheaton and the Mining Operations skill to acquire good enough financing, the Mining Operations skill to finish allowing, building, construction and growth, world monetary prerequisites, Wheaton’s acquisition technique and different dangers mentioned within the phase entitled “Description of the Trade – Possibility Components” in Wheaton’s Annual Knowledge Shape to be had on SEDAR at www.sedar.com , Wheaton’s Shape 40-F for the 12 months ended December 31, 2021 and Shape 6-Ok filed March 31, 2022 each on report with the U.S. Securities and Trade Fee on EDGAR (the “Disclosure”). Ahead-looking statements are in keeping with assumptions control these days believes to be affordable, together with (with out limitation): that there will probably be no subject matter adversarial exchange out there worth of commodities, that the Mining Operations will proceed to perform and the mining tasks will probably be finished according to public statements and succeed in their said manufacturing estimates, that the mineral reserves and mineral useful resource estimates from Mining Operations (together with reserve conversion charges) are correct, that every birthday party will fulfill their tasks according to the PMPAs, that Wheaton will proceed so that you can fund or download investment for remarkable commitments, that Wheaton will have the ability to supply and procure accretive PMPAs, that neither Wheaton nor the Mining Operations will endure important affects because of a pandemic (together with the COVID-19 virus pandemic), that any outbreak or danger of a deadly disease of a deadly disease or different contagions or epidemic illness will probably be adequately answered to in the neighborhood, nationally, locally and the world over, with out such reaction requiring any extended closure of the Mining Operations or having different subject matter adversarial results at the Corporate and counterparties to its PMPAs, that the buying and selling of the Corporate’s commonplace stocks is probably not adversely suffering from the variations in liquidity, agreement and clearing programs because of more than one listings of the Not unusual Stocks at the LSE, the TSX and the NYSE, that the buying and selling of the Corporate’s commonplace stocks is probably not suspended, and that the web proceeds of gross sales of commonplace stocks, if any, will probably be used as expected, that expectancies in regards to the solution of felony and tax issues will probably be completed (together with ongoing CRA audits involving the Corporate), that Wheaton has correctly regarded as the translation and alertness of Canadian tax legislation to its construction and operations, that Wheaton has filed its tax returns and paid acceptable taxes in compliance with Canadian tax legislation, that Wheaton’s software of the CRA Agreement is correct (together with the Corporate’s evaluate that there will probably be no subject matter exchange within the Corporate’s information or exchange in legislation or jurisprudence), and such different assumptions and components as set out within the Disclosure. There may also be no assurance that forward-looking statements will turn out to be correct and despite the fact that occasions or effects described within the forward-looking statements are discovered or considerably discovered, there may also be no assurance that they’re going to have the predicted penalties to, or results on, Wheaton. Readers must no longer position undue reliance on forward-looking statements and are cautioned that exact results might range. The forward-looking statements incorporated herein are for the aim of offering readers with knowledge to lend a hand them in figuring out Wheaton’s anticipated monetary and operational efficiency and might not be suitable for different functions. Any ahead searching remark speaks handiest as of the date on which it’s made, displays Wheaton’s control’s latest ideals in keeping with latest knowledge and is probably not up to date excluding according to acceptable securities rules. Even though Wheaton has tried to spot essential components that might motive exact effects, stage of task, efficiency or achievements to fluctuate materially from the ones contained in ahead–searching statements, there is also different components that motive effects, stage of task, efficiency or achievements to not be as expected, estimated or meant.

Cautionary Language Relating to Reserves And Assets

For additional knowledge on Mineral Reserves and Mineral Assets and on Wheaton extra usually, readers must seek advice from Wheaton’s Annual Knowledge Shape for the 12 months ended December 31, 2022 , which will probably be filed on or about March 31, 2023 and different steady disclosure paperwork filed by means of Wheaton since January 1, 2023 , to be had on SEDAR at www.sedar.com . Wheaton’s Mineral Reserves and Mineral Assets are matter to the {qualifications} and notes set forth therein. Mineral Assets which don’t seem to be Mineral Reserves don’t have demonstrated financial viability.

Cautionary Be aware to United States Traders Regarding Estimates of Measured, Indicated and Inferred Assets: The tips contained herein has been ready according to the necessities of the securities rules in impact in Canada , which fluctuate from the necessities of United States securities rules. The phrases “mineral reserve”, “confirmed mineral reserve” and “possible mineral reserve” are Canadian mining phrases outlined according to Canadian Nationwide Device 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) – CIM Definition Requirements on Mineral Assets and Mineral Reserves, followed by means of the CIM Council, as amended (the “CIM Requirements”). As well as, the phrases “mineral useful resource”, “measured mineral useful resource”, “indicated mineral useful resource” and “inferred mineral useful resource” are outlined in and required to be disclosed by means of NI 43-101. Traders are cautioned to not suppose that any phase or all the mineral deposits in those classes will ever be transformed into reserves. “Inferred mineral sources” have a large amount of uncertainty as to their life and as to their financial and felony feasibility. It can’t be assumed that each one or any a part of an inferred mineral useful resource will ever be upgraded to a better class. Beneath Canadian regulations, estimates of inferred mineral sources won’t shape the root of feasibility or pre-feasibility research, excluding in uncommon instances. Traders are cautioned to not suppose that each one or any a part of an inferred mineral useful resource exists or is economically or legally mineable. Mineral sources that don’t seem to be mineral reserves don’t have demonstrated financial viability. Disclosure of “contained oz” in a useful resource is allowed disclosure below Canadian rules. The SEC has followed amendments to its disclosure regulations to modernize the mineral assets disclosure necessities for issuers whose securities are registered with the SEC below the U.S. Securities Trade Act of 1934, as amended (the “Trade Act”). Those amendments was efficient February 25, 2019 (the “SEC Modernization Regulations”) with compliance required for the primary fiscal 12 months starting on or after January 1, 2021 . Beneath the SEC Modernization Regulations, the ancient assets disclosure necessities for mining registrants incorporated in SEC Business Information 7 will probably be rescinded and changed with disclosure necessities in subpart 1300 of SEC Legislation S-Ok. Following the transition duration, as a overseas personal issuer this is eligible to report reviews with the SEC pursuant to the multi-jurisdictional disclosure gadget, the Corporate isn’t required to supply disclosure on its mineral houses below the SEC Modernization Regulations and can proceed to supply disclosure below NI 43-101. Because of the adoption of the SEC Modernization Regulations, the SEC will acknowledge estimates of “measured mineral sources”, “indicated mineral sources” and “inferred mineral sources.” As well as, the SEC has amended its definitions of “confirmed mineral reserves” and “possible mineral reserves” to be “considerably an identical” to the corresponding definitions below the CIM Definition Requirements which can be required below NI 43-101. Then again, whilst the above phrases are “considerably an identical” to CIM Definition Requirements, there are variations within the definitions below the SEC Modernization Regulations and the CIM Definition Requirements. Accordingly, there’s no assurance any mineral reserves or mineral sources that the Corporate might document as “confirmed mineral reserves”, “possible mineral reserves”, “measured mineral sources”, “indicated mineral sources” and “inferred mineral sources” below NI 43-101 will be the identical had the Corporate ready the reserve or useful resource estimates below the factors followed below the SEC Modernization Regulations. Accordingly, knowledge contained herein that describes Wheaton’s mineral deposits might not be similar to an identical knowledge made public by means of U.S. corporations matter to reporting and disclosure necessities below the US federal securities rules and the foundations and rules thereunder. United States buyers are advised to imagine intently the disclosure in Wheaton’s Shape 40-F, a replica of that may be got from Wheaton or from https://www.sec.gov/edgar.shtml .

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