Haytham Hodaly named CEO at Wheaton Precious Metals
Wheaton Precious Metals Corp. (WPM-TSX, WPM-NYSE) said its current President Haytham Hodaly will soon succeed Randy Smallwood as CEO, reflecting an ongoing leadership evolution to support the next phase of the company’s growth trajectory.
After more than 15 years of leading the business he co-founded, Smallwood will step down as CEO and assume the role of non-executive Chair of the Board of Directors, effective March 31, 2025. As Board Chair, Smallwood’s ongoing involvement will provide leadership continuity and alignment to the company’s long-term vision. George Brack, who has served as Chair of the Board since 2022 and Director since 2009, will concurrently transition to Lead Independent Director. Meanwhile, Hodaly, will transition to President and CEO and join the Board of Directors, effective March 31, 2026.
In that role, he will guide the company’s strategy and ensure effective execution across all areas of the business. Hodaly is a seasoned mining industry executive who joined Wheaton in 2012 as Senior Vice-President, Corporate Development, before being promoted to President last year.
Hodaly has played a pivotal role in executing over US$11 billion in streaming transactions, significantly enhancing the company’s growth trajectory. He was previously a director and mining analyst at RBC Capital Markets, where he provided strategic insights to institutional clients globally. He also directed research at Salman Partner Inc., contributing to its establishment as a leading independent, resource-focused investment dealer. He is an engineer by training.
Wheaton Precious Metals is a leading precious metals streaming company. Unlike traditional mining companies, Wheaton makes upfront payments and in return it purchases a fixed percentage of the future silver and/or gold production from a mine at a predetermined price. It can then sell the metal in the open market. In many cases, these agreements are for the life of the mine.
The company has streaming agreements covering 18 operating mines and 28 development stage projects. These include Vale’s Salobo mine in Brazil, Glencore AG’s Antamina mine in Peru and Newmont Corp’s [NEM-NYSE] Penasquito mine in Mexico. The company has guided investors to anticipate 2025 production of 600,000 to 670,000 gold equivalent ounces (GEOs) and forecasts growth of approximately 40% to 870,000 GEOs by 2029. “As the leading streaming company with the largest share of revenue derived from precious metals, we believe Wheaton offers an optimal opportunity for long-term exposure in this sector,’’ Smallwood said.
On Friday, the shares rose 3.2% or $5.72 to $184.91. The shares trade in a 52-week range of $214.31 and $.92.59