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Thursday, November 14, 2019

=Wheaton Precious Metals (WPM) reported earnings on Thur 14 Nov 19 (a/h)

Wheaton Precious Metals reports EPS in-line, misses on revs; updates 2019 production guidance

  • Reports Q3 (Sep) earnings of $0.16 per share, in-line with the S&P Capital IQ Consensus of $0.16; revenues rose 20.4% year/year to $223.6 mln vs the $235.93 mln S&P Capital IQ Consensus.
  • Wheaton is updating production guidance for 2019, with estimated attributable gold production being increased to approximately 390,000 ounces due to continued outperformance primarily from the Salobo mine, while estimated attributable silver production has been adjusted to approximately 21 million ounces to reflect production interruptions at the Peasquito mine. Forecast palladium production in 2019 remains unchanged at approximately 22,000 ounces. For the five-year period ending in 2023, the Company continues to estimate that average annual gold equivalent production2 will amount to 750,000 ounces.
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