Wheaton Precious Metals focuses on investing in streaming contracts, while Franco-Nevada has a larger and more diversified portfolio, making it a lower-risk investment in precious metals. Wheaton provides capital to develop mines through streaming contracts, expected to produce 600,000 to 670,000 gold equivalent ounces in 2025.

Franco-Nevada, a gold-focused royalty and streaming company, has 434 assets across various sectors, with 82% in precious metals. It expects annual production of 495,000 to 525,000 GEOs through 2029, with potential for growth. Both companies reinvest cash flow from agreements into new investments and dividends.

Wheaton’s business model offers lower risk in gold and silver, but Franco-Nevada’s diversified portfolio makes it a preferred investment. Before buying, consider other top stock options identified by the Motley Fool Stock Advisor team, excluding Wheaton Precious Metals. Their recommendations have historically brought significant returns.

Read more at Yahoo Finance: 1 Stock I’d Buy Before Wheaton Precious Metals (WPM) In 2026