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 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 death particularly impactful for the company he helped build from its inception.

Throughout his tenure, Gillin served as Chair of the Compensation Committee while maintaining active membership on both the Governance and Sustainability and Audit Committees. This multifaceted involvement allowed him to contribute to various aspects of corporate oversight, from executive compensation structures to environmental and social governance practices. His leadership was instrumental in establishing Wheaton Precious Metals as a significant player in the precious metals industry, particularly through his role in developing 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.

Gillin's legacy includes helping to build a company known for delivering high cash operating margins and maintaining a competitive dividend strategy. These financial strengths have positioned Wheaton Precious Metals as a premier precious metals streaming company in the global market. The company's streaming model, which Gillin helped refine, provides unique value propositions for investors seeking exposure to precious metals without the operational risks associated with traditional mining operations.

In recognition of Gillin's substantial contributions and his commitment to corporate social responsibility, 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 values and the company's ongoing dedication to community engagement, demonstrating how corporate leadership can extend beyond financial performance to include meaningful social impact. The enhanced donation serves as a testament to Gillin's influence in fostering a corporate culture that balances business excellence with social responsibility.

The loss of such an influential founding member comes at a time when Wheaton Precious Metals continues to navigate the evolving precious metals market. Gillin's absence will be felt across the organization, particularly as the company moves forward without the guidance of one of its original architects. His contributions to establishing the company's governance framework and strategic direction will continue to influence Wheaton Precious Metals' operations and decision-making processes for years to come, ensuring that his impact on the organization endures beyond his tenure.