Wheaton Precious Stock Price, News & Analysis

Wheaton Precious Metals reported record financial results for 2020, achieving over $1 billion in revenue and $765 million in operating cash flow, marking increases of 27% and 52.6% year-over-year, respectively. The company reduced net debt by $275 million, ending with a net debt position of only $2 million. A quarterly dividend of $0.13 was declared, reflecting a 30% increase. Notably, Wheaton added two new precious metal streams and commenced trading on the London Stock Exchange. Production guidance for 2021 is estimated at 370,000 to 400,000 ounces of gold and 22.5 to 24 million ounces of silver.

Wheaton Precious Metals (WPM) reported strong performance in 2020, with gold equivalent production of 672,619 ounces, exceeding its guidance. Despite pandemic challenges, production from key assets like Peñasquito and Antamina was resilient. For 2021, the company forecasts gold production of 370,000 to 400,000 ounces, mainly due to growth at Salobo and Constancia. Production is anticipated to increase annually, supported by new projects like Pampacancha. Full financial results are scheduled for release on March 11, 2021, with a conference call on March 12.

Wheaton Precious Metals Corp. announced a Precious Metal Purchase Agreement with Capstone Mining Corp. related to the Cozamin Mine in Mexico. Wheaton will pay US$150 million upfront for 50% of silver production until 10 million ounces are delivered, then 33% for the mine's life. This acquisition boosts Wheaton’s Proven and Probable silver reserves by 6.8 million ounces and is anticipated to yield about 820,000 ounces per year over the next five years. It also opens potential discussions for a gold stream on Capstone's Santo Domingo project.

Wheaton Precious Metals has declared a fourth quarterly cash dividend of US$0.12 per common share, reflecting a 20% increase from the previous quarter. This dividend will be payable to shareholders on record as of November 25, 2020, with a payment date on or about December 10, 2020. The company’s policy targets dividends at approximately 30% of average cash generated from operating activities. The anticipated annualized dividend for 2020 indicates a more than 90% increase over five years. Future dividends remain at the Board's discretion.

Wheaton Precious Metals reported impressive financial results for Q3 2020, achieving nearly $230 million in operating cash flow and over $555 million for the first nine months, allowing for a 20% dividend increase. Production rebounded significantly post-COVID-19, with attributable gold equivalent production at 171,900 ounces. Revenue surged 37% year-over-year, driven by a 35% hike in gold equivalent prices. Additionally, the company announced a precious metals purchase agreement for the Marmato Project in Colombia. Debt decreased by $231 million to $278 million, improving financial stability.

Wheaton Precious Metals announced a Precious Metals Purchase Agreement with Caldas Gold Corp for the Marmato Project in Colombia. Wheaton International will purchase 6.5% of gold and 100% of silver production until certain thresholds are met, after which the stream will adjust to 3.25% gold and 50% silver. The total cash payment is US$110 million, with US$38 million payable initially. The agreement enhances Wheaton's production capacities while supporting Caldas Gold’s ESG initiatives in local communities.

Wheaton Precious Metals Corp. announced its admission to the Official List of the FCA and commencement of trading on the London Stock Exchange under the ticker 'WPM' from 8:00 am London time on October 28, 2020. This listing follows the publication of their Prospectus on October 23, 2020, and involves no new funds being raised. Wheaton has 449,280,476 Common Shares issued, positioning itself as a premier option for UK investors interested in precious metals. CEO Randy Smallwood highlighted this as a pivotal moment for the company, reinforcing its growth strategy.

Wheaton Precious Metals Corp. has announced the approval and publication of its prospectus for listing on the London Stock Exchange (LSE), set to commence trading on October 28, 2020, under ticker LSE:WPM. The prospectus supports Wheaton's application for the admission of 449,280,476 common shares to the Official List of the FCA. The company aims to enhance access to equity capital in the UK and EMEA regions, and expects significant interest from new investors. Wheaton, a leader in precious metal streaming, reported record half-year results with over US$500 million in revenues and strong operating cash flow.