The Ultimate Gold Royalty Stream:
Earn Huge Income From the New Gold Bull Market

Right now, we’re seeing a monumental shift in the gold market. Central banks are scooping up gold at the fastest pace since 1967.

The last time this happened, it preceded gold’s biggest bull market in history. During the 1970s, gold went from about $35 an ounce all the way to a high of $878 on January 21, 1980.

That’s a more than 2,400% gain in just 10 years.

Billionaire hedge fund founder Ray Dalio says he sees a “paradigm shift” in the gold market, similar to what happened in the 1970s after President Nixon took the dollar off the gold standard.

Hedge fund manager David Einhorn, founder of Greenlight Capital, also sees gold going “higher, perhaps much higher.”

Now, while bullion, gold ETFs, and mining stocks might do well…

I believe royalty streams are a FAR better way to profit from this new gold boom.

Royalty streams allow you to diversify your holdings across several mining stakes, so they’re much lower-risk than investing in a miner… and they can generate far bigger gains than simply buying gold.

For example…

Between 2005 and 2010, gold went on a big bull run, gaining 211% in just five years.

Not bad.

But the gold royalty stream company in this report rose 1,108% over the same period!

This royalty stream saw a gain 5X larger than gold’s…

Without options… or any type of risky leverage!

As gold continues a bull phase this year, I expect we’ll see a repeat of this success. Gold has already gained close to $710 an ounce, or almost 27%, so far in 2025. That puts it on track for its biggest annual rise since 2010.

And Wheaton Precious Metals (NYSE: WPM) is the company to add to your portfolio to profit from it.

A River of Gold

Based in Vancouver, Canada, Wheaton Precious Metals isn’t a mining company. It’s a precious metals streaming company.

See, most mining operations are focused on one or two metals – gold, silver, copper, cobalt, etc. But rarely are those minerals alone in the ground. Different metals are often found lumped together. For example, gold is usually found with silver, lead, zinc, and copper.

A gold mining company makes most of its money by selling the gold it digs up. But then it’s left with all the silver, lead, zinc, and copper that it spent time and money to extract along with the gold.

That’s where Wheaton comes in. Streamers like Wheaton give capital to miners upfront, and in exchange, they receive the extra metals those miners have no use for. Then they sell those metals on the market and pocket the cash just as a miner would.

For example, if a company is mining for copper, it may get some gold that it won’t have much use for as a copper miner. The streaming company will buy that gold (guaranteeing that the copper miner can make some profit on it) and then sell it for a higher price at market.

Wheaton buys gold, silver, nickel, cobalt, and other minerals directly from miners at contractually agreed-upon below-market prices. That means it has very predictable costs and high profit margins.

This also gives the miners guaranteed profits for metals that would otherwise be useless to them, and it insulates them from potential downturns in the market price of those minerals. Not to mention, it’s easier for them to move the minerals they aren’t targeting in their mines.

Wheaton, meanwhile, is able to profit from mining operations while taking on none of the risk.

As with oil and gas extraction, mining is a risky business. You may open a mine only to learn its reserves are much lower than previously thought − never mind the overhead of mining equipment, staff, taxes, and environmental regulations that miners have to deal with.

On the other hand, Wheaton simply moves the minerals, collects a profit, and then gives the money back to its shareholders through a dividend check.

It’s essentially a mineral royalties company, just as Permian Basin Royalty Trust (NYSE: PBT) is for oil and gas. But what sets Wheaton apart is that it’s incredibly well diversified − both in the geographical distribution of the mines it works with and in the types of minerals it buys and sells.

Stream Some Profits Into Your Portfolio

Wheaton is one of the largest precious metals streaming companies in the world. It has streaming agreements with 18 operating mines and 28 development projects across the Americas and Europe.

Those mines produce gold, silver, cobalt, palladium, and platinum as byproducts of the minerals they’re actually mining for. And Wheaton buys them all and sells them.

The company celebrated its 20th anniversary in 2024, remaining as nimble and entrepreneurial as it was in its first year. Despite the entry of more than 20 new competitors into the streaming business, Wheaton continues to be a leader and maintains 40% of the market share.

It also generated over $1 billion in operating cash flows in fiscal 2024, a new annual record.

During times of global turbulence, gold is seen as a store of value and a comfort metal of choice. As a result, the company has benefited from high gold prices and strong central bank purchases over the past few years.

While high gold prices bring challenges with finding new streaming partners due to the impact on valuations, the company skillfully added high-quality streams throughout 2024. The most notable one was the Montage-Kone transaction, which was the largest precious metals streaming transaction by one company in close to a decade.

The company’s revenue mix in 2024 was focused on gold and silver, but it included a few other metals as well. Sixty-eight percent of it came from gold, 30% came from silver, 1% came from palladium, and 1% came from cobalt.

Geographically, revenues are even more diversified. They’re split primarily among Brazil, Mexico, Peru, and Canada. The rest comes from Europe, the U.S., Colombia, and Ecuador.

The company has partnered with some heavy hitters in the mining industry, like Newmont (NYSE: NEM) and Barrick Mining (NYSE: B). It has had gold, silver, and even cobalt streams from those mines.

The cobalt produced as a byproduct of nickel mining in the Voisey’s Bay Mine in Canada is particularly interesting. Cobalt is one of the most vital minerals to producing electric vehicle (EV) batteries. Most of the world’s supply comes out of the Congo, but it’s a scarce resource that will go up in value as the EV market booms in the coming years.

That being said, gold and silver are the meat and potatoes of Wheaton’s business.

Wheaton’s average cost per gold equivalent ounce (GEO) was $470 in the second quarter of 2025. This resulted in a cash operating margin of $2,717 per GEO sold, an increase of 37% over the second quarter of 2024. The company also brought in a strong $415 million in operating cash flow during the quarter, a $181 million increase year over year.

It returns some of that money to its shareholders in the form of a quarterly dividend that equates to a 0.71% yield. Its payout ratio based on free cash flow is 37.7%.

That dividend should continue paying out royalties for many years to come. The company’s streaming partners have just under 60 years of reserve and resource mine life remaining, between “proven and probable,” “measured and indicated,” and “inferred” resources.

If you buy Wheaton today, you’ll collect royalties for years to come on a river of gold and silver that miners of copper, nickel, and other metals produce and are eager to sell. In the short term, the gold bull market should cause Wheaton’s share price to surge.

Profiting From the New Gold Bull Market

The stage is set for the gold bull run to continue beyond this year. The bullion boom of the 1970s could repeat itself.

Gold is an effective long-term inflation hedge, and with inflation still elevated and eroding consumers’ purchasing power, protecting that buying power is still on everyone’s mind.

We should also see increased demand for gold from China, whose reserves surpassed $200 billion in value in 2025. Additionally, central banks around the world are buying more gold as they seek to manage currency and geopolitical risks. In fact, 2024 was the third consecutive year that central banks bought more than 1,000 metric tons of gold. Should that continue through the rest of 2025 and beyond, that increased demand for gold should push prices higher.

Lastly, with the ongoing wars in Ukraine and Gaza, tensions with China, and North Korea up to its usual tricks, the world is not getting any safer.

When there’s trouble, people flock to gold… and Wheaton is the best way to profit from it.

During the last gold bull market, it shot up 1,108%. That’s a 5X larger gain than the 211% gold returned in the bull run from 2005 to 2010… all without options or risky leverage.

If you’re looking to diversify your royalty streams after picking up some oil and gas royalties, Wheaton is the company to add to your portfolio.

Recommendation: Buy Wheaton Precious Metals (NYSE: WPM) at market.