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Wheaton Precious Metals to Release 2025 First Quarter Results on May 8, 2025
Prnewswire· 2025-04-22 21:00
VANCOUVER, BC, April 22, 2025 /PRNewswire/ - Wheaton Precious Metals™ Corp. will release its 2025 first quarter results on Thursday, May 8, 2025, after market close. A conference call will be held on Friday, May 9, 2025, starting at 11:00 am ET (8:00 am PT) to discuss these results. To participate in the live call, please use one of the following methods: RapidConnect URL:                                     Click here Live webcast: Click here  Dial toll free: 1-888-510-2154 or 1-437-900-0527     ...
Wheaton Precious Metals Provides Details of Annual and Special Meeting of Shareholders and Files Form 40-F
Prnewswire· 2025-03-31 21:21
Core Insights - Wheaton Precious Metals Corp. has filed its Form 40-F report with the Securities and Exchange Commission, and the 2024 audited financial statements are available on the company's website [1][2] Company Information - Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, boasting a high-quality portfolio of long-life, low-cost assets [7] - The company's business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies [7] - Wheaton delivers some of the highest cash operating margins in the mining industry, enabling it to pay competitive dividends and pursue growth through accretive acquisitions [7] - The company has consistently outperformed gold and silver, as well as other mining investments, and is committed to strong ESG practices and community support [7] Shareholder Meeting - Wheaton is scheduled to hold its Annual and Special Meeting of Shareholders on May 9, 2025, at 10:30 a.m. Pacific Time, both virtually and at its Vancouver office [3] - The company encourages shareholders to participate in the online virtual meeting platform, where they can listen live and submit votes in real time if registered [4][5] - Important technical reminders and voting instructions for the meeting will be available on the company's website [6]
WPM Q4 Earnings Match Estimates, Revenues Rise Y/Y on Higher Prices
ZACKS· 2025-03-18 16:35
Wheaton Precious Metals (WPM) reported adjusted earnings per share of 44 cents in fourth-quarter 2024, in line with the Zacks Consensus Estimate. The bottom line increased 21% year over year.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including an impairment charge related to Voisey’s Bay agreement due to a significant and sustained decline in market cobalt prices, WPM reported earnings per share of 19 cents compared with 37 cents in the fourth quarter of 2023.Wheaton Precious’ Q4 ...
Wheaton Precious Metals(WPM) - 2024 Q4 - Earnings Call Transcript
2025-03-14 22:10
Financial Data and Key Metrics Changes - Wheaton Precious Metals achieved record revenue of approximately $1.3 billion in 2024, a 26% increase from the previous year, driven by a 20% rise in realized commodity prices and a 5% increase in sales volumes [31] - Adjusted net earnings reached a record $640 million, up 20% year-over-year, with adjusted earnings per share at $0.44, a 21% increase [30][31] - The company reported record quarterly revenue of $381 million in Q4 2024, with a gross margin of $247 million, reflecting increases of 21% and 40% respectively compared to Q4 2023 [27] Business Line Data and Key Metrics Changes - Annual production totaled 635,000 gold equivalent ounces (GEOs), exceeding the top end of production guidance for the year [8] - In Q4 2024, Salobo produced 84,000 ounces of attributable gold, a 17% increase from Q4 2023, while silver production increased by 16% to 970,000 ounces [17][18] - Penasquito's silver production surged by approximately 138% year-over-year, producing over 2.4 million ounces in Q4 2024 [21] Market Data and Key Metrics Changes - The company anticipates a production increase in 2025, projecting attributable production of 350,000 to 390,000 ounces of gold and 20.5 million to 22.5 million ounces of silver [25] - The five-year production forecast estimates a 40% increase to 870,000 GEOs by 2029, driven by new projects and existing operations [11][25] Company Strategy and Development Direction - Wheaton is focused on reinforcing its growth profile through strategic acquisitions, having committed $910 million on four precious metals transactions in 2024 [37] - The company aims to maintain a strong balance sheet to capitalize on future opportunities while committing to a progressive dividend policy [52][46] - Wheaton has been recognized for its sustainability efforts, being one of only two resource-focused companies to be included in the 2025 Global 100 Most Sustainable Corporations [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong cash flows and a robust pipeline of development projects [45][34] - The CEO highlighted the importance of maintaining a healthy balance sheet to take advantage of investment opportunities in a strong gold market [52][63] Other Important Information - The company declared a quarterly dividend of 16.5 cents per share, a 6.5% increase from the previous quarter, reflecting a commitment to returning value to shareholders [35] - An impairment charge of $109 million was recognized due to a decline in market cobalt prices, impacting net earnings [29][30] Q&A Session Summary Question: Dividend Payout Ratio - The management acknowledged that the current payout ratio is lower than the previously discussed range, emphasizing the need to balance cash reserves for future opportunities [51][52] Question: Capital Deployment in 2025 - Management indicated that they expect to deploy a similar amount of capital in 2025 as in 2024, focusing on high-quality transactions [59][60] Question: Production Guidance for New Mines - Management provided guidance indicating a bias towards higher production in the second half of 2025, estimating 45% in the first half and 55% in the second half [77] Question: Salobo Production Profile - Management described Salobo's production profile as static over the next few years, with expected grade fluctuations typical of open-pit operations [144]
Wheaton Precious Metals (WPM) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-03-14 00:00
Core Insights - Wheaton Precious Metals Corp. reported revenue of $380.52 million for Q4 2024, a year-over-year increase of 21.4% [1] - The company's EPS for the same period was $0.44, compared to $0.36 a year ago, with no EPS surprise against the consensus estimate [1] Financial Performance - Revenue of $380.52 million was slightly below the Zacks Consensus Estimate of $380.74 million, representing a surprise of -0.06% [1] - The stock has returned +4.2% over the past month, outperforming the Zacks S&P 500 composite, which declined by -7.4% [3] Key Metrics - Units Sold - GEOs: 142.56 Oz, below the average estimate of 145.19 Oz [4] - Units Sold - Silver: 4,307 Oz, below the average estimate of 4,856.09 Oz [4] - Units Produced - Gold - Sudbury: 5 Oz, below the average estimate of 6.09 Oz [4] - Units Produced - Gold - Salobo: 84.29 Oz, above the average estimate of 59.03 Oz [4] - Sales - Palladium: $4.47 million, exceeding the average estimate of $3.22 million, with a year-over-year change of +25% [4] - Sales - Silver: $134.73 million, below the average estimate of $148.53 million, but a +78.5% change year-over-year [4] - Sales - Gold: $234.69 million, slightly above the average estimate of $223.24 million, with a +1.7% year-over-year change [4] - Sales - Gold - Salobo: $147.61 million, slightly below the average estimate of $148.41 million, with a -4% year-over-year change [4] - Sales - Gold - Sudbury: $10.97 million, below the average estimate of $15.42 million, with an +8.2% year-over-year change [4] - Sales - Cobalt: $6.63 million, exceeding the average estimate of $3.16 million, with a +78.3% year-over-year change [4] - Sales - Gold - Constancia: $47.82 million, above the average estimate of $32.88 million, with a +19.7% year-over-year change [4] - Sales - Silver - Antamina: $27.01 million, below the average estimate of $29.78 million, with a +3.7% year-over-year change [4]
Wheaton Precious Metals Corp. (WPM) Q4 Earnings Meet Estimates
ZACKS· 2025-03-13 23:20
分组1 - Wheaton Precious Metals Corp. reported quarterly earnings of $0.44 per share, matching the Zacks Consensus Estimate, and an increase from $0.36 per share a year ago [1] - The company posted revenues of $380.52 million for the quarter ended December 2024, slightly missing the Zacks Consensus Estimate by 0.06%, and up from $313.47 million year-over-year [2] - The stock has increased approximately 26.6% since the beginning of the year, contrasting with a -4.8% decline in the S&P 500 [3] 分组2 - The earnings outlook for Wheaton Precious Metals is mixed, with the current consensus EPS estimate for the coming quarter at $0.43 on revenues of $378.24 million, and $1.83 on $1.58 billion in revenues for the current fiscal year [7] - The Zacks Industry Rank indicates that the Mining - Miscellaneous sector is currently in the bottom 33% of over 250 Zacks industries, which may impact stock performance [8]
DIVIDEND DECLARATION - Wheaton Precious Metals Announces Increase to Quarterly Dividend
Prnewswire· 2025-03-13 21:04
Core Points - Wheaton Precious Metals Corp. has declared its first quarterly cash dividend payment for 2025 of US$0.165 per common share, representing a 6.5% increase from the previous quarter's dividend of US$0.155 per share in 2024 [1][2] - The total dividends declared by the company in 2024 amounted to US$0.62 per common share, marking a record for the company [1] Dividend Payment Details - The dividend will be paid to shareholders of record as of April 1, 2025, with distribution expected around April 11, 2025 [2] - The ex-dividend trading date is also set for April 1, 2025 [2] Dividend Reinvestment Plan (DRIP) - The company has a Dividend Reinvestment Plan (DRIP) that allows shareholders to reinvest dividends into common shares at the Average Market Price without a discount [3] - The company may adjust the discount applicable to Treasury Acquisitions or direct purchases in Market Acquisitions, with any changes to be publicly announced [4] Enrollment Information - Shareholders can download DRIP enrollment forms and direct deposit information from the company's website [5] - Registered shareholders can enroll online through the plan agent's self-service web portal, while beneficial shareholders should contact their financial intermediaries for enrollment [5]
Wheaton World Wide Moving Names Driver of the Year
Newsfile· 2025-03-13 19:00
Core Points - Wheaton World Wide Moving awarded Bob Krumpols the Driver of the Year award at the sixth annual Van Line Summit & Awards Gala for his exceptional service and commitment to customer satisfaction [1][5] - Krumpols has a long-standing career in the moving industry, starting in 1983, and has received multiple accolades, including Agent of the Year three times [2][3] - The award includes a plaque, a cash prize of $2,000, and a trip to the Awards Gala in Carmel, Indiana [5] Company Overview - Wheaton | Bekins is a leading provider of transportation services, owning five household goods relocation brands and ranking as the fourth largest household goods carrier [7][8] - The company is headquartered in Indianapolis, Indiana, and offers domestic and international relocation services, as well as logistics services [8]
Wheaton Precious Metals Corp. (WPM) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-03-06 16:05
Core Viewpoint - Wheaton Precious Metals Corp. is anticipated to report a year-over-year increase in earnings and revenues for the quarter ended December 2024, with earnings expected to be $0.45 per share, reflecting a 25% increase, and revenues projected at $380.74 million, a 21.5% rise from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for March 13, and the stock may experience upward movement if the reported figures exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 1.25% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Wheaton Precious Metals is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.65%, which indicates a bearish outlook from analysts [10][11]. - A positive Earnings ESP is generally a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3, but Wheaton Precious Metals currently holds a Zacks Rank of 3, making it challenging to predict a beat [8][11]. Historical Performance - In the last reported quarter, Wheaton Precious Metals met the expected earnings of $0.34 per share, resulting in no surprise, and has beaten consensus EPS estimates three times over the last four quarters [12][13]. Conclusion - While Wheaton Precious Metals does not appear to be a compelling candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].
Wheaton Precious Metals Announces Winner of its Inaugural Future of Mining Challenge
Prnewswire· 2025-03-04 12:00
Core Insights - Wheaton Precious Metals Corp. has awarded ReThink Milling Inc. $1 million for its innovative Conjugate Anvil Hammer Mill (CAHM) and MonoRoll technologies, which aim to enhance milling efficiency while reducing energy consumption and greenhouse gas emissions [1][2][3] Company Overview - Wheaton Precious Metals is recognized as a leading precious metals streaming company, providing shareholders access to a portfolio of low-cost, long-life mines globally [4] - The company emphasizes responsible mining practices and aims to unlock long-term value for shareholders while supporting the mining industry [4] Industry Challenge - The Future of Mining Challenge, launched by Wheaton in September 2024, seeks innovative solutions to improve operational efficiencies and minimize environmental impacts in the mining sector [2][3] - The challenge is supported by Foresight Canada, which focuses on cleantech innovation and adoption [2][5] Technological Innovation - ReThink Milling's technology is highlighted for its potential economic and environmental benefits, with the company collaborating with nine leading mining firms to advance its commercialization [3] - The CAHM Platform Technology is recognized as a groundbreaking innovation that could transform the mining industry [3] Future Prospects - Applications for the next Future of Mining Challenge (2025-2026) will open later this year, with the theme to be announced in the coming months [2][3]