$WPM

Gold prices fell 1% to $4,649.10/oz after a hotter-than-expected US inflation report, retreating from a three-month high. Spot gold is still up 14% in August. Silver also declined. The Fed's preferred inflation gauge, PCE, rose 3.7% YoY in July, above forecasts. Investors await Fed Chair Warsh's speech at Jackson Hole for further rate guidance. Gold's recent rally was driven by US Treasury bond market intervention and ETF inflows. Miners like Agnico Eagle and AngloGold have seen significant gain

Silver prices surged 20% in August, reaching $70/oz, driven by US Treasury bond buybacks. Miners like Hecla Mining (HL) and Wheaton Precious Metals (WPM) saw gains of 47% and 44%, respectively. Analysts' year-end targets range from $67 to $118/oz, reflecting uncertainty about future price movements.

Wheaton Precious Metals (WPM) and BHP Group (BHP) are involved in a $4.3B silver stream deal for BHP's Antamina mine. WPM CEO Haytham Hodaly expects similar large deals annually, driven by $2.7B annual free cash flow. Veteran investor Rick Rule highlights a $250B financing gap in mining, favoring streaming companies. McEwen Inc. (MUX) founder Rob McEwen criticizes the model for reducing operator resilience.

Insiders at four Canadian companies sold shares recently. CGI's former CEO George Schindler sold 89,721 shares for over $3.4-million, with CGI's stock down 18% year-to-date. Other insiders at CCL, George Weston, and Wheaton Precious Metals also sold shares, with proceeds exceeding $1.4-million, $2.6-million, and $500,000 respectively.

Wheaton Precious Metals (WPM) plans to pursue multi-billion-dollar streaming deals annually for 3-4 years, shifting from smaller transactions. The company recently completed a $4.3B deal with Antamina, leveraging its $2.5B credit facility and strong cash flow. CEO Haytham Hodaly expects production growth and a shift toward more gold-focused assets. WPM reported Q2 revenue of $929M and raised its dividend by 18%.

Wheaton Precious Metals (WPM) shares surged 11% as precious metals prices rebounded. The company's streaming model offers low costs ($12.50/oz silver, $650/oz gold) and benefits from high metal prices. The rally was driven by U.S. Treasury buyback expansion, which boosts safe-haven assets like gold. WPM's production is expected to rise 50% by 2030, but short-term risks remain.

Wheaton Precious Metals (WPM) stock rose 11% after the U.S. Treasury announced it would double long-term bond repurchases, driving bond yields down and increasing demand for precious metals. The rally followed a slump in gold and silver prices from earlier highs. The Fed may raise interest rates, which could impact gold and silver assets.

The TSX Composite Index fell 0.8% to 36,368 on Tuesday, led by declines in mining and financial sectors due to global bond yields and Middle East tensions. Major banks and miners dropped, while energy stocks rose on higher oil prices. NexGen Energy discussed a potential equity stake with BHP in its Rook I project.

Wheaton Precious Metals (WPM) expects to complete large-scale streaming deals annually, following a $4.3B transaction with BHP (BHP). CEO Haytham Hodaly anticipates $4.7B in commitments this year, with $2.5B credit capacity remaining. The company projects 50% production growth by 2030 and a shift to 60% gold in its portfolio. Q2 revenue was $929M, with operating cash flow up 57% YoY.

The S&P/TSX Composite Index fell to 36,500 on Tuesday due to rising bond yields and geopolitical risks. Financials and mining stocks declined, with RBC, TD Bank, Barrick, and WPM among the losers. NexGen Energy discussed its Rook I project with BHP. Canadian home sales rose less than expected in July, and US tariffs on Canada are set to increase.