Market Overview

Wheaton Precious Metals Reports Strong Growth in Earnings and Cash Flow and Declares Fourth Quarterly Dividend of 2019

Share:

TSX: WPM
NYSE: WPM

VANCOUVER, Nov. 14, 2019 /PRNewswire/ - Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce its results for the third quarter ended September 30, 2019. All figures are presented in United States dollars unless otherwise noted.

In the third quarter of 2019, Wheaton generated over $140 million in operating cash flow resulting in adjusted net earnings of over $70 million, an increase of 31% and 107%, respectively. In addition, Wheaton had attributable gold production of over 100,000 ounces and remains on track for record annual gold production in 2019.

Operational Overview




Q3 2019



Q3 2018


Change

Ounces produced









Gold



104,175



106,255


(2.0)%

Silver



6,095



5,584


9.2 %

Palladium



5,471



8,817


(37.9)%

Gold equivalent2



184,868



184,139


0.4%

Ounces sold









Gold



94,766



89,242


6.2 %

Silver



4,484



5,018


(10.6)%

Palladium



4,907



3,668


33.8 %

Gold equivalent2



155,049



154,815


0.2%

Sales price per ounce









Gold


$

1,471


$

1,210


21.6 %

Silver


$

17.09


$

14.80


15.5 %

Palladium


$

1,535


$

955


60.7%

Cash costs per ounce 1









Gold 1


$

424


$

418


1.4 %

Silver 1


$

5.16


$

5.04


2.4 %

Palladium 1


$

271


$

169


60.2 %

Cash operating margin per ounce 1









Gold 1


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