Welcome to our dedicated page for Wheaton Precious news (Ticker: WPM), a resource for investors and traders seeking the latest updates and insights on Wheaton Precious stock.
Wheaton Precious Metals Corp. (WPM) regularly issues detailed news releases covering its precious metals streaming activities, financial performance and corporate initiatives. As a streaming company with exposure to gold, silver, palladium and cobalt, Wheaton's news flow often centers on new precious metals purchase agreements, changes to existing streams and updates on the mines and projects in its portfolio.
Investors following WPM news can expect frequent announcements on new gold streams and royalty interests, such as the agreements on the Spring Valley Project in Nevada and the Hemlo Mine in Canada. These releases typically outline upfront deposits, the percentage of payable metal Wheaton will receive, production thresholds and ongoing payment terms linked to spot prices. The company also reports on the performance of key operating assets, including attributable production from mines like Salobo, Antamina, Peñasquito, Constancia, San Dimas, Stillwater, Voisey's Bay, Blackwater and Goose.
Quarterly and year-to-date financial updates are another major component of Wheaton's news. The company has highlighted periods of record revenue, net earnings and operating cash flow, attributing results to higher realized gold equivalent prices and increased gold equivalent ounces sold. These releases often include commentary on cash operating margins, produced but not yet delivered ounces, and the status of its revolving credit facility and cash balances.
In addition, WPM news covers dividend declarations, changes to its Dividend Reinvestment Plan, conference call details for quarterly results, and ESG-related initiatives such as the Future of Mining Challenge and community support contributions. Readers who track WPM news can use this page to monitor new streaming transactions, portfolio developments, dividend announcements and the company’s commentary on its growth profile and sustainability priorities.
Wheaton Precious Metals Corp. has declared a third quarterly cash dividend of US$0.15 per common share for 2021, reflecting a 50% increase compared to the same period in 2020. This marks the fourth consecutive quarterly dividend increase. The dividend will be payable to shareholders of record as of August 27, 2021, with a payment date on or about September 9, 2021. Wheaton's policy targets dividends at approximately 30% of operating cash flow, ensuring a minimum of US$0.13 per share for 2021.
Wheaton Precious Metals announced strong second-quarter financial results for 2021, generating record revenue of $330 million, a 33% increase from 2020. Operating cash flow reached $216 million, and net earnings increased by 57% year-over-year to $166 million. The company declared a quarterly dividend of $0.15 per share, marking a 50% increase compared to the prior year. Significant production growth was noted, with gold equivalent production rising 32% year-over-year. Wheaton continues to actively pursue corporate development, including the recent agreements for precious metals streams on various projects.
Wheaton Precious Metals will release its 2021 second quarter results on August 12, 2021, after market close. A conference call is scheduled for August 13, 2021, at 11:00 am ET to discuss these results. Participants can join via toll-free numbers for Canada and the US or from outside these regions. The live webcast will be available, and an archived version will be accessible for a year. Further details, including an accompanying slideshow, will be available on the Wheaton Precious Metals website.
Wheaton Precious Metals Corp. announced the election of its board of directors during the 2021 Annual and Special Meeting of Shareholders held on May 14, 2021. Key nominees included George L. Brack and Chantal Gosselin, with votes for Brack at 87.57% and Gosselin at 98.46%. Additionally, a non-binding advisory resolution regarding the company's executive compensation received 93.02% approval. These results indicate strong shareholder support for the current board and compensation strategies.
Wheaton Precious Metals Corp. has filed a new prospectus supplement for its at-the-market equity program, allowing it to issue up to US$300 million in common shares. This equity program is intended for the potential funding of precious metals purchase agreements and other corporate purposes. Notably, no shares have been issued under this program so far. The offering will be executed through various brokers on the NYSE and TSX, with sales occurring at prevailing market prices. Wheaton emphasizes its position as a leading precious metals streaming company, providing investors with a lower-risk investment profile.
Wheaton Precious Metals announced a 40% increase in its second quarterly cash dividend for 2021 to US$0.14 per share, payable on June 3, 2021, to shareholders on record as of May 21, 2021. This marks the third consecutive dividend increase. The company aims for dividends to represent approximately 30% of average cash generated from operating activities. Additionally, a Dividend Reinvestment Plan is available at a 1% discount for participation. Future dividends are subject to the Board's discretion and qualify as eligible dividends for tax purposes.
Wheaton Precious Metals reported strong Q1 2021 performance, achieving record revenue of $324 million and operating cash flow of $232 million. The company declared a $0.14 dividend per share, marking a 40% increase year-over-year. Notably, cobalt production commenced from the Voisey's Bay mine. Despite production declines in gold and silver, Wheaton remains focused on growth, evidenced by new precious metal agreements with Capstone. The balance sheet reflects robust cash reserves, with $191 million on hand and a fully repaid $2 billion revolving facility.
Wheaton Precious Metals will announce its 2021 first quarter results on May 6, 2021, after market close. A conference call is scheduled for May 7, 2021, at 11:00 am ET for discussing the results. Participants can join via a toll-free number or webcasting. The live event will also be available for archiving until May 14, 2021. Investors can access additional materials, including a slideshow, on Wheaton's website before the call.
Wheaton Precious Metals Corp. has filed its Form 40-F report with the SEC, providing access to its 2020 audited financial statements. The Company will hold its Annual and Special Meeting of Shareholders on May 14, 2021, at 10:30 a.m. PT, utilizing an online virtual platform to ensure safety amid COVID-19. Shareholders can join the meeting live to ask questions and vote in real time. Pre-registration is required for in-person attendance by May 12, 2021. More details are available on Wheaton's website.
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