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 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 exchange-traded funds and mining stocks might do well…

Once again, 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 it’s much lower risk than investing in a miner… while the gains can be far bigger than those from 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 starts a new bull run this year, I expect we’ll see a repeat of this success. Gold has already gained close to $600 an ounce or over 28% so far in 2024. This puts the asset 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 this 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 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. Wheaton will buy that from the company, guaranteeing profit for that gold. Or a silver miner might come up with some nickel, but it’s the same story there. Wheaton will buy the nickel and sell it at market.

Wheaton buys directly from miners at a contractually agreed-upon below-market price for gold, silver, cobalt, etc. That still allows the miners to make a profit and insulate themselves from market fluctuations. 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.

It gives the miners guaranteed profits for metal that would otherwise be useless to them, and it insulates the miners from potential downturns in the market price of those minerals.

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

But Wheaton just 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 is for oil and gas.

But what sets Wheaton apart is that it’s incredibly well diversified both in geographical distribution of the mines it works with and in the types of minerals it deals in…

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 27 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. Wheaton buys them all and sells them…

The company’s revenue mix as of the second quarter of 2024 was focused on gold and silver with a few other metals as well. Sixty-one percent of it came from gold, 37% came from silver, 1% came from palladium, and 1% came from cobalt. Geographically, revenues are even more diversified. They’re split primarily between 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 and Barrick. It has gold, silver and even cobalt streams from those mines. The gold and the silver streams have value because of the gold bull market that’s brewing. More on that in a moment…

But the cobalt produced as a byproduct of nickel mining in the Vale Voisey’s Bay Mine in Canada is particularly interesting. Cobalt is one of the minerals vital 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.

Now, back to gold and silver – the meat and potatoes of Wheaton’s business. As a gold streamer, Wheaton has contracts with mines to buy metals at a set price under market value. That means it has very predictable costs and high profit margins.

Wheaton’s average cost per gold equivalent ounce (GEO) was $436 in the second quarter of 2024. With gold sitting around $2,650 per ounce, this resulted in a cash operating margin of $1,976 per GEO sold, an increase of 24% when compared with the second quarter of the previous year.

Wheaton delivered strong results in the second quarter of 2024 with $234 million in operating cash flow and bringing record cash flow of over $450 million for the first half of the year.

It returns some of that money to its shareholders in the form of a quarterly dividend that yields 1.03% and has a payout ratio of 46.51% at its share price as of this writing. It has raised its dividend five times in the past six years.

And 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 on a river of gold and silver that copper, nickel and other mines produce as a byproduct of their efforts for years to come. And in the short term, the gold bull market should see Wheaton surge in share price.

Profiting From the New Gold Bull Market

The stage is set for a bull market run for gold 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, as that country has reopened from very tight COVID-19 restrictions. Additionally, central banks around the world are buying more gold as they seek to manage currency and geopolitical risks. Should that continue through 2024, that increased demand for gold should push prices higher.

Lastly, with the wars in Ukraine and Gaza, tensions with China, North Korea up to its usual tricks, and plenty of other threats, 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.

Action to Take: Buy Wheaton Precious Metals (NYSE: WPM) at market.