Wheaton Precious Metals Mourns Loss of Founding Board Member Peter Gillin

The unexpected passing of Peter Gillin, a founding board member of Wheaton Precious Metals, represents a significant loss for the organization as it mourns a leader who helped shape the company's development over more than two decades. Gillin's extensive service included leadership positions on critical board committees that significantly influenced the company's strategic direction and governance framework. His planned retirement had been previously announced ahead of the 2025 Annual General Meeting, making his sudden death particularly impactful for the organization and its leadership team.

Throughout his tenure with Wheaton Precious Metals, Gillin served as Chair of the Compensation Committee while also maintaining active membership on both the Governance and Sustainability Committee and the Audit Committee. This multi-committee involvement provided him with comprehensive oversight of the company's operations and strategic initiatives. His leadership across these key governance bodies allowed him to contribute substantially to the company's development as a premier precious metals streaming company, a business model that offers investors strategic advantages including leverage to commodity prices and exploration potential with lower risk compared to traditional mining enterprises.

In recognition of Gillin's substantial contributions to the company's success, Wheaton Precious Metals will honor his memory by increasing its charitable contribution to the Heart and Stroke Foundation of Canada. This gesture reflects Gillin's demonstrated commitment to corporate social responsibility and community engagement throughout his career. The enhanced donation serves as a meaningful tribute to a leader who consistently advocated for responsible business practices and corporate citizenship.

Gillin's legacy includes helping to build a company known for delivering high cash operating margins and maintaining a competitive dividend strategy. His leadership was instrumental in establishing Wheaton Precious Metals as a significant player in the precious metals industry, where the company has distinguished itself through its unique streaming business model. The company's approach has provided investors with exposure to precious metals while mitigating many of the operational risks associated with traditional mining operations, a strategic advantage that Gillin helped cultivate during his extensive board service.

The loss of Gillin's expertise and institutional knowledge comes at a time when the precious metals market continues to evolve, requiring experienced leadership to navigate changing market conditions and investor expectations. His contributions to the company's governance structure and strategic direction will continue to influence Wheaton Precious Metals' operations as the organization moves forward without one of its foundational leaders. The company's commitment to honoring his memory through increased charitable giving underscores the lasting impact of his values and leadership philosophy on the organization's culture and community engagement initiatives.