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 (WPM) delivers a unique approach to precious metals exposure through its streaming agreements with global mining partners. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping the company's position in the commodity markets.
Access authoritative reporting on WPM's streaming contracts, quarterly earnings, and operational milestones. Our curated collection includes press releases covering new partnerships, production updates, and sustainability efforts, enabling stakeholders to track factors influencing long-term value creation.
Key content categories include detailed analyses of precious metals pricing trends, expansions of WPM's streaming portfolio, and management commentary on market dynamics. The page serves as a strategic resource for understanding how geopolitical developments, mining sector innovations, and commodity demand fluctuations impact the company's performance.
Bookmark this page for direct access to Wheaton's official communications and third-party analyses. Regular updates ensure you maintain informed perspectives on this leading precious metals streaming company's evolving market role.
Wheaton Precious Metals Corp. will announce its 2023 first quarter financial results on May 4, 2023, after market hours. A conference call for discussing the results is scheduled for May 5, 2023, at 11:00 am ET. Investors can participate via toll-free numbers for Canada and the US, or via a live webcast. An archived version of the conference call will be available until May 12, 2023. Wheaton is recognized as the leading precious metals streaming company, boasting high-quality assets and strong cash operating margins, which enable competitive dividends and growth through acquisitions. This press release sets the stage for what investors can expect in terms of financial performance and strategic business updates.
Wheaton Precious Metals Corp. has filed its Form 40-F report with the Securities and Exchange Commission, making its 2022 audited financial statements available via EDGAR and on the company's website. Shareholders can request copies of these financial statements at no cost. The Annual and Special Meeting of Shareholders is set for May 12, 2023, at 10:30 a.m. Pacific Time, both virtually and at its Vancouver offices. Shareholders can participate online, with instructions provided on the company's website, where they can also find technical reminders and voting instructions.
Wheaton Precious Metals has declared its first quarterly cash dividend for 2023 at US$0.15 per common share. This dividend will be paid to shareholders on record by March 24, 2023, with a payment date set for April 6, 2023. The ex-dividend date is March 23, 2023. In line with its dividend policy, Wheaton aims to maintain a quarterly dividend amount that reflects at least 30% of average cash generated from operations over the past year, rounded to the nearest cent. The Company has a Dividend Reinvestment Plan (DRIP) in place, allowing shareholders the option to reinvest dividends into additional shares.
Wheaton Precious Metals reported strong financial results for 2022, achieving over $1 billion in revenue and over $740 million in operating cash flow. The fourth quarter saw revenue of $236 million and net earnings of $166 million, albeit with declines in gold and silver production due to lower grades. The company maintains a robust balance sheet with $696 million in cash and no debt. Sustainability efforts rank Wheaton highly among peers, with a commitment to net-zero carbon emissions by 2050. However, gold equivalent production decreased by 19.6% year-on-year, indicating challenges in maintaining output levels.
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