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 reported impressive financial results for Q3 2020, achieving nearly $230 million in operating cash flow and over $555 million for the first nine months, allowing for a 20% dividend increase. Production rebounded significantly post-COVID-19, with attributable gold equivalent production at 171,900 ounces. Revenue surged 37% year-over-year, driven by a 35% hike in gold equivalent prices. Additionally, the company announced a precious metals purchase agreement for the Marmato Project in Colombia. Debt decreased by $231 million to $278 million, improving financial stability.
Wheaton Precious Metals announced a Precious Metals Purchase Agreement with Caldas Gold Corp for the Marmato Project in Colombia. Wheaton International will purchase 6.5% of gold and 100% of silver production until certain thresholds are met, after which the stream will adjust to 3.25% gold and 50% silver. The total cash payment is US$110 million, with US$38 million payable initially. The agreement enhances Wheaton's production capacities while supporting Caldas Gold’s ESG initiatives in local communities.
Wheaton Precious Metals Corp. announced its admission to the Official List of the FCA and commencement of trading on the London Stock Exchange under the ticker 'WPM' from 8:00 am London time on October 28, 2020. This listing follows the publication of their Prospectus on October 23, 2020, and involves no new funds being raised. Wheaton has 449,280,476 Common Shares issued, positioning itself as a premier option for UK investors interested in precious metals. CEO Randy Smallwood highlighted this as a pivotal moment for the company, reinforcing its growth strategy.
Wheaton Precious Metals Corp. has announced the approval and publication of its prospectus for listing on the London Stock Exchange (LSE), set to commence trading on October 28, 2020, under ticker LSE:WPM. The prospectus supports Wheaton's application for the admission of 449,280,476 common shares to the Official List of the FCA. The company aims to enhance access to equity capital in the UK and EMEA regions, and expects significant interest from new investors. Wheaton, a leader in precious metal streaming, reported record half-year results with over US$500 million in revenues and strong operating cash flow.
Wheaton Precious Metals Corp. (TSX: WPM, NYSE: WPM) will announce its 2020 third quarter results on November 9, 2020, after market hours. A conference call to discuss these results is scheduled for November 10, 2020, at 11:00 am ET. Investors can participate via a toll-free number or an online webcast. The call will be recorded, available until November 17, 2020, for those who wish to listen later. This upcoming earnings report will be crucial for assessing the company's performance amidst market fluctuations.
Wheaton Precious Metals Corp. intends to list its shares on the London Stock Exchange (LSE) as part of its growth strategy, focusing on enhancing access to equity capital. The planned Admission, scheduled for Q4 2020, follows the required regulatory approvals and aims to position Wheaton as a leader in the precious metals sector. The Company reports record half-year results for 2020, including over US$500 million in revenues and a cash operating margin of US$1,170 per gold equivalent ounce. No capital raise is intended with this listing.
Wheaton Precious Metals Corp. announced that Randy Smallwood has been appointed as the new Chair of the World Gold Council, highlighting the increasing importance of gold in investment portfolios. Smallwood, who has led Wheaton since 2014, emphasized the Council's role in advocating for gold and supporting responsible gold mining standards. Industry leaders, including David Tait, praised his experience and commitment to sustainability. This appointment is expected to enhance Wheaton's influence in the gold sector and further promote gold as a key asset class.
Wheaton Precious Metals Corp. has declared a third quarterly cash dividend of US$0.10 per common share for 2020. This will be paid to shareholders on record as of August 27, 2020, with payments distributed around September 10, 2020. The company aims to maintain dividends at approximately 30% of average cash generated from operations over the last year, setting a minimum of $0.10 to minimize volatility. This represents an 11% increase over 2019, with a forecast of more than 90% annualized growth over five years.
Wheaton Precious Metals reported strong financial results for the first half of 2020, generating over $500 million in revenue and nearly $330 million in operating cash flow. Despite COVID-19 impacting production in Q2, the company achieved record sales of 322,000 gold equivalent ounces. The Q2 operating cash flow reached $151 million, a nearly 40% increase from the previous year. The net debt was reduced by $80 million, totaling $509 million. Additionally, the company established a $5 million fund to combat COVID-19 effects in communities around their operations.
Wheaton Precious Metals will release its 2020 second quarter results on August 12, 2020, following market close. A conference call is scheduled for August 13, 2020, at 11:00 am ET to discuss the results. Dial-in options include 1-888-231-8191 for North America and 1-647-427-7450 for international participants, with a passcode of 1968427. The call will be recorded and available until August 20, 2020.
