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 (WPM) reported record operating cash flow in Q3 2024, with revenue of $308 million and net earnings of $155 million. The company achieved 144,200 gold equivalent ounces production and maintained its 2024 guidance of 550,000 to 620,000 GEOs. Cash operating margins increased by over 30% compared to Q3 2023. The company announced two new streaming agreements: one with Montage's Koné Project and an amendment to Rio2's Fenix Project. WPM ended the quarter with $694 million in cash, no debt, and an undrawn $2 billion credit facility.
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.
