Wheaton Precious Stock Price, News & Analysis

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.

Wheaton Precious Metals has entered a Precious Metal Purchase Agreement with Capstone Mining for the Santo Domingo project in Chile. The deal involves an upfront payment of US$290 million, with Wheaton acquiring 100% of payable gold production until 285 koz are delivered, then dropping to 67% for the mine's life. The project is expected to produce an average of 35-40 koz of gold per year initially, boosting Wheaton’s gold reserves significantly. Construction is slated to start in late 2021, with first production expected in 2024.

Wheaton Precious Metals has declared its first quarterly cash dividend for 2021, increasing it by 30% to US$0.13 per share compared to 2020. This dividend will benefit shareholders of record as of March 26, 2021, with payment expected around April 13, 2021. The company aims for dividends to reflect approximately 30% of average cash generated over the prior year while maintaining a minimum dividend of $0.13. The dividend qualifies as an 'eligible dividend' for Canadian taxes.

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.