Wheaton Precious Metals (NYSE: WPM) (TSX: WPM) announced record financial results for 2024, with revenue reaching $1.29 billion, up 26% from 2023, and operating cash flow climbing 37% to $1.03 billion. Adjusted net earnings rose 20% to $640 million. The company exceeded production guidance, delivering 635,000 gold equivalent ounces (GEOs), driven by strong performances at Salobo and Constancia. Wheaton expanded its asset base with four new streaming and royalty agreements and maintains a strong balance sheet with $818 million in cash and no debt. The company also increased its quarterly dividend by 6.5% to $0.165 per share. Looking ahead, Wheaton forecasts a 40% increase in annual production over five years, reaching 870,000 GEOs by 2029.
To view the full press release, visit https://ibn.fm/qfAZE
About Wheaton Precious Metals Corp.
Wheaton Precious Metals is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions.
NOTE TO INVESTORS: The latest news and updates relating to WPM are available in the company’s newsroom at https://ibn.fm/WPM
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