Market Overview

Wheaton Precious Metals Announces Second Quarter Results for 2019 and Declares Third Quarterly Dividend of 2019

Share:

TSX: WPM
NYSE: WPM

VANCOUVER, Aug. 8, 2019 /CNW/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce its results for the second quarter ended June 30, 2019. All figures are presented in United States dollars unless otherwise noted.

In the second quarter of 2019, Wheaton generated over $100 million in operating cash flow and had attributable gold production of over 100,000 ounces. Through the first half of 2019, Wheaton is on track for record annual gold production and reconfirms 2019 gold equivalent production guidance.

Operational Overview




Q2 2019


Q2 2018

Change

Ounces produced







Gold



100,577


90,391

11.3 %

Silver (000's)



4,834


5,977

(19.1)%

Palladium



5,736


-

n.a.

Ounces sold







Gold



90,077


87,140

3.4 %

Silver (000's)



4,241


5,972

(29.0)%

Palladium



5,273


-

n.a.

Sales price per ounce







Gold


$

1,320

$

1,305

1.1 %

Silver


$

14.93

$

16.52

(9.6)%

Palladium


$

1,381

$

 n.a.

n.a.

Cash costs per ounce 1







Gold 1


$

420

$

407

3.2 %

Silver 1


$

5.14

$

4.54

13.2 %

Palladium 1


$

247

$

n.a.

n.a.

Cash operating margin per ounce 1







Gold 1


$

900

$

898

0.2 %

Silver 1


$

9.79

$

11.98

(18.3)%

Palladium 1


$

1,134

$

n.a.

n.a.

Revenue


$

189,466

$

212,400

(10.8)%

Net (loss) earnings


$

(124,694)

$

318,142

n.a.

Per share


$

(0.28)

$

0.72

n.a.

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com