Randy Smallwood
The Strategist
The long view, patient, analytical, playing several moves ahead.
Randy Smallwood demonstrates the hallmarks of The Strategist throughout this interview, consistently framing gold's role and Wheaton's business model within long-term structural thinking. He connects macroeconomic forces, the weaponization of the US dollar, central bank behavior, and digital innovation into a coherent thesis about gold's enduring value.
“Taken the capital cost, there's no surprises. We've taken the operating cost, there's no surprises. In terms of the quantity of the metal produced, we have a long track record. Most streaming companies, but wheat and we definitely have a long track record of delivering and beating our production forecasts.”
“Just kind of scared me off. I was always very active in the outdoors, very active in sports, skiing, soccer, rugby, all the way through my teenage years, lots of backpacking, lots of hiking trips and so on.”
“Because I don't want anyone to feel like an obligation that they have to go forward. And I've been up front with my shareholders. I don't have a problem if a year from now we haven't done any transactions from here to over this next year because here's what I do know is that we'll have about 600 plus million of free cash flow coming right…”
“And so I live and breathe this company. I don't work, there's no 40-hour work week, there's no 60-hour work week, there's no 80-hour work week. I think about what we can do every day of the week. Yeah, I maybe have time, obviously, family and stuff like that, but you put the effort in. And that's the best way.”
Money Maze Podcast: “Gold: Why, How and Now? With Randy Smallwood, Chair of the World Gold Council and CEO of Wheaton Precious Metals”
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