Wheaton Precious Metals (NYSE: WPM) (TSX: WPM) achieved record cash flow in Q3 2024, highlighting the company’s strong financial performance with $308 million in revenue, $254 million in operating cash flow, and $155 million in net earnings. Wheaton’s portfolio of 18 operating mines and 28 development projects, bolstered by new streaming agreements on the Koné Gold Project in Côte d’Ivoire and an amended agreement on the Fenix Project, continues to deliver robust production levels, supporting the company’s 2024 production guidance of 550,000 to 620,000 gold equivalent ounces (GEOs). CEO Randy Smallwood emphasized the value of Wheaton’s sustainable growth strategy, including anticipated production increases from new projects in the coming year, and sustainability leadership through the launch of the Future of Mining Challenge.
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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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