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 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 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 company's leadership structure and institutional knowledge.

Throughout his tenure, 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 contribute substantially to Wheaton Precious Metals' corporate governance practices, executive compensation strategies, and sustainability initiatives. His committee leadership helped shape the company's approach to risk management, executive oversight, and long-term strategic planning, establishing frameworks that will continue to guide the organization's operations.

In recognition of Gillin's substantial contributions to the company's development and success, Wheaton Precious Metals will honor his memory by increasing its charitable contribution to the Heart and Stroke Foundation of Canada. This gesture reflects both Gillin's personal commitment to corporate social responsibility and the company's dedication to community engagement. The enhanced donation serves as a meaningful tribute to a leader who consistently emphasized the importance of balancing corporate objectives with social responsibility throughout his career.

As a premier precious metals streaming company, Wheaton Precious Metals has distinguished itself through a business model that offers investors strategic advantages, including leverage to commodity prices and exploration potential with lower risk compared to traditional mining enterprises. 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, contributing to the development of the streaming business model that has become increasingly influential in mining finance.

The loss of Gillin's institutional knowledge and strategic insight comes at a time when the precious metals market faces evolving challenges and opportunities. His contributions to the company's governance structure and strategic direction have left a lasting impact that will continue to influence Wheaton Precious Metals' operations and decision-making processes. The company's ability to navigate leadership transitions while maintaining its strategic focus will be closely watched by investors and industry observers as it moves forward without one of its foundational leaders.