Wheaton Precious Stock Price, News & Analysis

Wheaton Precious Metals has entered a binding agreement with Generation Mining Limited for a Precious Metal Purchase Agreement regarding the Marathon Project in Ontario, Canada. The deal involves an upfront payment of C$240 million, with Wheaton acquiring 100% of the payable gold production until reaching 150,000 ounces, transitioning to 67% for the mine's life, alongside a platinum stream. The Marathon Project is expected to produce significant quantities of palladium and copper, aligning with the shift to a low-carbon economy, and is projected to have one of the lowest operational carbon footprints globally.

Wheaton Precious Metals has announced a definitive agreement to acquire gold and silver streams from the Blackwater Gold Project in British Columbia. The total upfront consideration is US$441 million, comprising US$300 million for the Gold Stream from New Gold and US$141 million for the Silver Stream from Artemis Gold. This transaction is expected to significantly enhance Wheaton's production profile, adding approximately 26koz of gold and over 480koz of silver per year initially. The acquisition is aimed at bolstering Wheaton's portfolio of low-cost, long-life mines.

Wheaton Precious Metals Corp. has declared a fourth quarterly cash dividend of US$0.15 per common share for 2021, marking a 25% increase from the previous year. The dividend is payable to shareholders of record as of November 22, 2021, and will be distributed on or about December 6, 2021. This payout aligns with the company's policy to distribute approximately 30% of average cash generated from operating activities. The Company also maintains a minimum dividend of US$0.13 per share for 2021, providing stability for investors.

Wheaton Precious Metals reported record revenue and earnings for the first nine months of 2021, achieving $923 million in revenue and adjusted net earnings of $460 million. The company declared a quarterly dividend of $0.15 per share, reflecting a 25% year-over-year increase. Year-to-date gold equivalent production guidance has been narrowed to 735,000 to 765,000 ounces, maintaining its long-term targets of 810,000 and 830,000 ounces for 2025 and 2030, respectively. Cash flow from operations reached $650 million, underscoring strong financial health.

Wheaton Precious Metals will release its 2021 third quarter results on November 4, 2021, following market close. A conference call is scheduled for November 5, 2021, at 11:00 am ET to discuss the results. Interested participants can join via phone or a live webcast. The results presentation will be available on their website prior to the call, and the conference will be recorded for later access until November 12, 2021. The archived webcast will be accessible for one year.

Wheaton Precious Metals will host an Investor Day webcast on September 22, 2021, at 8:30 AM ET. Key speakers include Randy Smallwood, President and CEO, along with the executive team and partners presenting technical details on various assets. Participants can join by phone or via a webcast URL. The event will be recorded, with availability until September 29, 2021, and the archived webcast accessible for one year.

Wheaton Precious Metals Corp. has declared a third quarterly cash dividend of US$0.15 per common share for 2021, reflecting a 50% increase compared to the same period in 2020. This marks the fourth consecutive quarterly dividend increase. The dividend will be payable to shareholders of record as of August 27, 2021, with a payment date on or about September 9, 2021. Wheaton's policy targets dividends at approximately 30% of operating cash flow, ensuring a minimum of US$0.13 per share for 2021.

Wheaton Precious Metals announced strong second-quarter financial results for 2021, generating record revenue of $330 million, a 33% increase from 2020. Operating cash flow reached $216 million, and net earnings increased by 57% year-over-year to $166 million. The company declared a quarterly dividend of $0.15 per share, marking a 50% increase compared to the prior year. Significant production growth was noted, with gold equivalent production rising 32% year-over-year. Wheaton continues to actively pursue corporate development, including the recent agreements for precious metals streams on various projects.

Wheaton Precious Metals will release its 2021 second quarter results on August 12, 2021, after market close. A conference call is scheduled for August 13, 2021, at 11:00 am ET to discuss these results. Participants can join via toll-free numbers for Canada and the US or from outside these regions. The live webcast will be available, and an archived version will be accessible for a year. Further details, including an accompanying slideshow, will be available on the Wheaton Precious Metals website.