Wheaton Precious Metals Mourns Loss of Founding Board Member Peter Gillin

The unexpected death of Peter Gillin, a founding board member of Wheaton Precious Metals, represents a significant loss for the organization as he played a pivotal role in the company's development over more than two decades. Gillin's extensive service included leadership positions on critical board committees that substantially 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 passing particularly impactful for the precious metals streaming company.

Throughout his tenure with Wheaton Precious Metals, Gillin served as Chair of the Compensation Committee and was an active member of both the Governance and Sustainability Committee and the Audit Committee. This multi-faceted involvement allowed him to shape corporate policies across compensation structures, governance practices, and financial oversight. His leadership was instrumental in establishing Wheaton Precious Metals as a significant player in the precious metals industry, particularly through his contributions to the company's distinctive 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 development, 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 his legacy of balancing strong business leadership with social consciousness.

Gillin's lasting impact on Wheaton Precious Metals includes helping to build a company known for delivering high cash operating margins and maintaining a competitive dividend strategy. His guidance was crucial in establishing the financial discipline and operational excellence that have become hallmarks of the company's performance in the precious metals sector. The loss of his institutional knowledge and strategic insight comes at a time when the company continues to navigate complex market conditions in the global precious metals industry.