Welcome to our dedicated page for Wheaton Precious Metals news (Ticker: WPM), a resource for investors and traders seeking the latest updates and insights on Wheaton Precious Metals stock.
Wheaton Precious Metals Corp. reports developments tied to its precious metals streaming business, which generates revenue from sales of gold, silver, palladium and cobalt produced under agreements with mining partners. Recurring updates cover operating and financial results, cash operating margins, production contributions from assets such as Salobo, Peñasquito and Antamina, and the effect of fixed per-ounce production payments in its stream portfolio.
Company news also covers quarterly dividends, Dividend Reinvestment Plan terms, new or completed precious metals purchase agreements through Wheaton Precious Metals International Ltd., and shareholder meeting matters. Governance updates include director elections, board roles, advisory compensation votes and other special matters submitted to shareholders.
Wheaton Precious Metals will announce its 2022 second-quarter results on August 11, 2022, after the market closes. A conference call is scheduled for August 12, 2022, at 11:00 am ET for discussion of the results. Investors can participate via phone or live webcast. Wheaton Precious Metals is recognized as a leading precious metals streaming company, noted for its low-cost, high-quality assets that deliver strong cash operating margins and competitive dividends.
Wheaton Precious Metals Corp. has entered into a definitive agreement with Hecla Mining Company to terminate its silver stream on the Keno Hill Silver District for US$135 million. This move allows Wheaton to strengthen its balance sheet, as it will receive Hecla common shares, giving it approximately 5.6% ownership of Hecla. The transaction is contingent upon Hecla completing its acquisition of Alexco Resource Corp. The announcement emphasizes Wheaton's strategic approach to value creation amid exploration potential in Keno Hill.
Wheaton Precious Metals has been recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights in 2022. This acknowledgment highlights the company’s strong commitment to sustainability, with high standards in its Environmental, Social, and Governance (ESG) practices. Out of 332 Canadian companies assessed, Wheaton ranked third among 207 global companies in the Asset Management peer group and ninth among 304 companies in the Metals and Mining sector. Their third annual Sustainability Report also underscores their ESG performance.
Summary not available.
Wheaton Precious Metals Corp. announced the election of new directors at its 2022 Annual and Special Meeting of Shareholders. George Brack replaces Doug Holtby as Chair of the Board. Jaimie Donovan joins the board, contributing significant operational experience, as the company achieves its gender diversity goal ahead of schedule. The shareholder vote reflected strong support for the nominees: Brack received 86.73% approval, while Donovan gained 99.44%. Furthermore, a non-binding advisory resolution on executive compensation was also approved with 91.56% in favor.
Wheaton Precious Metals reported strong Q1 2022 results, generating over $210 million in operating cash flow and achieving $307 million in revenue, despite a 5% year-over-year decline. The company declared a quarterly dividend of $0.15, a 7% increase compared to Q1 2021. New precious metal purchase agreements were established with Adventus Mining and Sabina Gold & Silver, while existing agreements were amended to increase gold streams. Notably, Wheaton also formalized a climate change policy aimed at achieving net zero carbon emissions by 2050.
Wheaton Precious Metals has declared a quarterly cash dividend of US$0.15 per common share for Q2 2022. The dividend will be payable to shareholders on record as of May 20, 2022, with distribution occurring on or about June 3, 2022. The ex-dividend date is May 19, 2022. This aligns with the company's revised policy, targeting a minimum quarterly dividend equal to the previous quarter's amount. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. Future dividends will be determined by the Board of Directors.
Wheaton Precious Metals will announce its 2022 first quarter results on May 5, 2022, after market close. A conference call is scheduled for May 6, 2022, at 11:00 am ET to discuss these results. Investors can join the call via toll-free numbers or a live webcast. An archived version of the call will be accessible until May 13, 2022. The company, noted for its high-quality, low-cost asset portfolio, aims to deliver sustainable value through its streaming model, providing leverage to commodity prices.
Wheaton Precious Metals Corp. has filed its Form 40-F report with the SEC, making its 2021 audited financial statements available. Shareholders can request copies of these statements for free. The company's Annual and Special Meeting of Shareholders is scheduled for May 13, 2022, at 10:30 a.m. PT, and will feature both in-person and virtual participation options. Shareholders may ask questions and vote in real time during the online platform. Pre-registration is required for those attending in person by May 11, 2022.
Wheaton Precious Metals Corp. announces the retirement of Doug Holtby as Chair and Non-Executive Director, effective after the May 13, 2022 AGM. Holtby, who has been with the company since 2006, led Wheaton's growth into a significant player in the precious metals market. His successor, George Brack, has served as a director since 2009 and will continue to drive the company's strategic objectives. Additionally, Jaimie Donovan is nominated for election to the Board, enhancing the focus on board renewal with her extensive industry experience.