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 substantially influenced the company's strategic direction and governance framework. His contributions spanned multiple areas of corporate oversight, reflecting his deep commitment to the company's long-term success and ethical business practices.

Throughout his distinguished tenure, Gillin served as Chair of the Compensation Committee while maintaining active membership on both the Governance and Sustainability Committee and the Audit Committee. This comprehensive involvement allowed him to shape key aspects of corporate policy, from executive compensation structures to sustainability initiatives and financial oversight mechanisms. 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.

In recognition of Gillin's substantial contributions to Wheaton Precious Metals' growth and development, the company will honor his memory by increasing its charitable contribution to the Heart and Stroke Foundation of Canada. This meaningful gesture reflects Gillin's demonstrated commitment to corporate social responsibility and community engagement throughout his career. The enhanced donation serves as a tribute to his legacy of balancing strong business leadership with meaningful social impact.

As a premier precious metals streaming company, Wheaton Precious Metals has distinguished itself through an innovative 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 its reputation for financial stability and strategic growth.

The loss of such an influential founding member comes at a time when the company continues to navigate complex market conditions in the precious metals sector. Gillin's institutional knowledge and strategic insights had been valuable assets throughout the company's evolution from its early stages to its current position as an industry leader. His absence will be felt across the organization as Wheaton Precious Metals moves forward without one of its original architects and most experienced directors.