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 has entered into a Gold Stream agreement with Montage Gold Corp. for the Koné Gold Project in Côte d'Ivoire. The deal involves $625 million in upfront cash consideration, paid in four equal installments during construction. WPMI will purchase 19.5% of payable gold until 400 Koz delivery, reducing to 10.8% until 130 additional Koz, then 5.4% for the mine's life. The project is expected to produce over 60 Koz of gold annually in the first five years, with production starting in early 2027. Additionally, WPMI provides a $75 million secured debt facility for project costs.
Wheaton Precious Metals Corp (WPM) has announced the release date for its 2024 third quarter results. The company will disclose its financial performance on November 7, 2024, after the market closes. A conference call to discuss these results is scheduled for Friday, November 8, 2024, at 11:00 am ET (8:00 am PT).
Investors and analysts can participate in the live call through various methods, including a RapidConnect URL, live webcast, or by dialing toll-free numbers. The conference call ID is 48142. Additionally, a slideshow will be available in PDF format on the company's website before the call.
The call will be recorded and accessible until November 15, 2024. An archived version of the webcast will remain available for one year.
Wheaton Precious Metals (WPM) has launched the Future of Mining Challenge, offering a $1 million prize to advance innovative mining technology. The initiative aims to minimize environmental impacts, improve efficiencies, and contribute to climate solutions in the mining industry. Focusing on reducing greenhouse gas emissions, the challenge invites global cleantech companies to propose scalable solutions for base and precious metal mining operations. Submissions open on September 18, 2024, with the winner to be announced in March 2025 at the PDAC Convention in Toronto. The challenge aligns with Wheaton's commitment to sustainability and responsible resource availability for future generations.
Wheaton Precious Metals (WPM) has announced an upcoming Investor Day webcast scheduled for September 24, 2024, starting at 9:00am Eastern Time. The event will feature presentations from Randy Smallwood, President and CEO, along with the Wheaton Executive team. Technical presentations for specific assets will be delivered by representatives from Wheaton's partners.
Participants can join the live call through various methods, including a RapidConnect URL, live webcast, or toll-free dial-in options. The accompanying slideshow will be available in PDF format on Wheaton's website. The conference call recording will be accessible until October 1, 2024, and the webcast will remain available for one year.
Wheaton Precious Metals (WPM) has declared its third quarterly cash dividend for 2024 of US$0.155 per common share. The dividend will be paid to shareholders of record as of August 21, 2024, with distribution on or about September 4, 2024. The ex-dividend date is August 21, 2024. Wheaton has also implemented a Dividend Reinvestment Plan (DRIP), allowing shareholders to reinvest their dividends in additional company shares. For this dividend, Wheaton will issue shares through treasury at the Average Market Price without a discount. The DRIP is optional, and shareholders can enroll online or through their financial intermediaries.
Wheaton Precious Metals reported strong Q2 2024 results, with $299 million in revenue and $234 million in operating cash flow. Year-to-date gold equivalent production reached 305,800 ounces, up 13% year-over-year. The company maintains its 2024 production guidance of 550,000 to 620,000 gold equivalent ounces. Wheaton's balance sheet remains strong with $540 million in cash and no debt. The company was recognized among the top 10 in Corporate Knights' Best 50 Corporate Citizens in Canada. Wheaton expects production to grow to over 800,000 gold equivalent ounces by 2028, with average annual production forecasted to exceed 850,000 ounces from 2029 to 2033.
Wheaton Precious Metals (WPM) will release its 2024 second quarter results on August 7, 2024, after market close. A conference call to discuss these results is scheduled for August 8, 2024, at 8:00 am ET (5:00 am PT). Investors can join the call through a RapidConnect URL, live webcast, or by dialing toll-free numbers provided. The conference call ID is 94107872. A slideshow will be available in PDF format on the 'Presentations' page of the Wheaton Precious Metals website. The call will be recorded and accessible until August 15, 2024, with the webcast available for one year.
Wheaton Precious Metals announced its inclusion in Corporate Knights' 2024 Best 50 Corporate Citizens in Canada, placing among the top 10. This ranking evaluates companies on 25 key performance indicators, with 50% of the score linked to sustainable revenue and investments. Wheaton's CEO, Randy Smallwood, emphasized the company's dedication to societal contribution and supporting responsible mining partners. Earlier in 2024, Wheaton also featured in Corporate Knights' 100 most sustainable corporations globally.
Wheaton Precious Metals published its 2023 Climate Change Report, aligned with the Task Force on Climate-related Financial Disclosures (TCFD) guidelines.
The Report highlights Wheaton's efforts and commitments towards climate change, emphasizing significant strides in reducing Scope 3 financed emissions, with 87% now covered by reduction goals aligned with a 2°C or less target, marking a 19% increase from the previous year.
Additionally, over 70% of Wheaton's revenue comes from mines producing metals essential for the clean energy transition. The company is also exploring new opportunities to finance responsible mining operations that contribute to a low-carbon future.
Wheaton's Climate Change Report complements their 2023 Sustainability Report, reinforcing their dedication to transparent environmental, social, and governance (ESG) reporting.
The firm is proactively integrating International Sustainability Standards Board (ISSB) guidelines to enhance sustainability and climate-related financial disclosures.
Wheaton Precious Metals has published its 2023 Sustainability Report, highlighting its ESG (Environmental, Social, and Governance) commitments and achievements. The report details Wheaton's progress in integrating ESG into its operations, including recognition as a top-rated ESG performer by several organizations. Key achievements include a significant increase in emission reduction targets, improved diversity in the workforce and board, and substantial community investments totaling over US$6.9 million in 2023. The report also notes the evolution of the CSO role for better ESG oversight and the screening of all new streaming agreements for ESG risks. Wheaton's approach aligns with standards from SASB, GRI, and TCFD, with a separate Climate Change Report to be released later in 2024.