Wheaton Precious Metals reports Q3 adjusted EPS 33.7c , consensus 34c

Reports Q3 revenue $308.25M, consensus $315.11M. Reports Q4 attributable gold equivalent production of 144,200 ounces. “Wheaton achieved record cash flow from operations in the third quarter of 2024, underscoring the effectiveness of our business model in leveraging rising commodity prices, with our cash operating margins increasing by over 30% relative to the third quarter of 2023. Our portfolio of operating assets delivered solid production levels, continuing to support our annual production guidance range for 2024 of 550,000 to 620,000 gold equivalent ounces,” said Randy Smallwood, President and CEO of Wheaton Precious Metals (WPM). “Shortly following the quarter, Wheaton announced two accretive, precious metals streaming agreements, including a new stream on Montage’s Kone Project and an amendment to the existing stream on Rio2’s Fenix Project. Together, these transactions further diversify our strategic partnerships and the geography of our portfolio. Once ramped-up, the Kone Project is forecast to contribute meaningful near-term production, reinforcing Wheaton’s already prominent position as a leader in the sector’s growth landscape.”