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. 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 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 An archived version of the call will be accessible until May 13, 2022.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.
Wheaton Precious Metals has declared a quarterly cash dividend of US$0.15 per common share for 2022, marking its first dividend payment of the year. Shareholders on record as of March 24, 2022 will receive this dividend, payable on or about April 7, 2022. The company aims for its quarterly dividends to approximate 30% of cash generated from operating activities over the previous four quarters. Future dividends will be determined by the Board of Directors and qualify as eligible dividends for Canadian income tax purposes.
Wheaton Precious Metals reported record financial results for 2021, achieving $1.2 billion in revenue and $845 million in operating cash flow. The company declared a quarterly dividend of $0.15 per share, reflecting a 35% increase in total dividends paid from the previous year. Additionally, Wheaton's production forecast indicates annual production could exceed 900,000 gold equivalent ounces over the next decade. Key developments include new precious metal purchase agreements and a commitment to net zero carbon emissions by 2050.
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Wheaton Precious Metals has secured a Precious Metal Purchase Agreement with Sabina Gold & Silver for the Goose Project in Nunavut, Canada. The deal involves an upfront payment of US$125 million in four installments during construction. Wheaton will receive 4.15% of the payable gold production, reducing to 1.5% after 200,000 ounces. This acquisition enhances Wheaton's gold reserves by 0.14 Moz and increases long-term guidance to 910,000 GEOs. Production is expected to start in Q1 2025, with Wheaton's financial position supported by US$372 million cash and credit facilities.
Wheaton Precious Metals reported meeting its production guidance for 2021, driven by strong performances from the Peñasquito, Antamina, and Constancia mines. The company added five new streams, contributing to long-term growth. Actual production exceeded forecasts for gold, silver, and other metals, with gold production at 342,546 ounces, and silver production at 25,801 ounces. For 2022, Wheaton projects gold production between 350,000 to 380,000 ounces. The company will release its full financial details on March 10, 2022.
Wheaton Precious Metals has signed a Precious Metal Purchase Agreement with Adventus Mining for the Curipamba Project in Ecuador. The agreement includes an upfront payment of $175.5 million, with $13 million available pre-construction. Wheaton will acquire 50% of payable gold and 75% of payable silver production initially, with production forecasted to average 17,000 oz of gold and 551,000 oz of silver annually for the first five years. This acquisition is expected to boost Wheaton's reserves significantly, enhancing its growth strategy.