Wheaton Precious Metals(WPM)
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Wheaton Precious Metals (WPM) Investor Presentation - Slideshow
2023-03-03 14:16
WHEATON PRECIOUS METALS THE HIGH MARGIN PRECIOUS METALS COMPANY February 2023 Corporate Presentation CAUTIONARY STATEMENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in this Presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities legislation. There can be no assurance that forward-looking statements will prove to b ...
Wheaton Precious Metals(WPM) - 2022 Q3 - Earnings Call Transcript
2022-11-04 17:47
Wheaton Precious Metals Corp. (NYSE:WPM) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Patrick Drouin – Senior Vice President-Investor Relations and Sustainability Randy Smallwood – President and Chief Executive Officer Gary Brown – Senior Vice President and Chief Financial Officer Wes Carson – Vice President-Mining Operations Conference Call Participants Trevor Turnbull – Scotiabank John Tumazos – John Tumazos Very Independent Research Charlie Rothbarth – Berenberg Oper ...
Wheaton Precious Metals(WPM) - 2022 Q3 - Earnings Call Presentation
2022-11-04 17:05
WHEATON PRECIOUS METALS THE HIGH MARGIN PRECIOUS METALS COMPANY Third Quarter 2022 Results Conference Call CAUTIONARY STATEMENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in this Presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities legislation. There can be no assurance that forward-looking statements will prov ...
Wheaton Precious Metals(WPM) - 2022 Q3 - Quarterly Report
2022-11-02 16:00
Production and Sales - For Q3 2022, Wheaton Precious Metals produced 73,508 ounces of gold, a decrease of 14.2% compared to 85,624 ounces in Q3 2021[7] - Cobalt production in Q3 2022 was 226 pounds, a decrease of 39.0% from 370 pounds in Q3 2021[7] - Production for Q3 2022 was 159,900 gold equivalent ounces (GEOs), a decrease of 13% compared to the same period last year[13] - Total gold ounces produced in Q3 2022 were 73,508, a decrease of 17.7% compared to Q3 2021's 85,624 ounces[72] - Silver ounces produced in Q3 2022 totaled 5,883, down 7.4% from 6,349 ounces in Q3 2021[72] - Palladium ounces produced in Q3 2022 were 3,229, reflecting a decline from 5,105 ounces in Q3 2021[72] - GEOs produced in Q3 2022 were 159,852, slightly down from 160,646 in Q2 2022[72] - Total gold ounces sold in Q3 2022 were 62,000, a decrease of 26.5% from Q2 2022's 84,337 ounces[84] - Total silver ounces sold in Q3 2022 were 5,234, down 10.5% from 5,848 ounces in Q2 2022[84] - Palladium ounces sold increased to 4,227 in Q3 2022, up 25.1% from 3,378 ounces in Q2 2022[84] Financial Performance - Total revenue for Q3 2022 was $218.8 million, down 18.6% from $269.0 million in Q3 2021[7] - Net earnings for Q3 2022 increased by 45.6% to $196.5 million, compared to $134.9 million in Q3 2021[7] - Adjusted net earnings for Q3 2022 were $93.9 million, down 31.5% from $137.1 million in Q3 2021[7] - Revenue for Q3 2022 amounted to $219 million, down $50 million due to a 7% decrease in sales volumes and a 12% drop in commodity prices[13] - Gross margin for Q3 2022 was $102 million, reflecting a decrease of $49 million driven by lower revenue and higher unit costs[13] - Net earnings for Q3 2022 were $196 million, an increase of $62 million primarily due to the disposal of the Keno Hill PMPA[13] - Operating cash flow for Q3 2022 was $154 million, down $47 million primarily due to lower adjusted net earnings[13] - The company reported a total revenue of $268,957 thousand for the three months ended September 30, 2022, with significant contributions from gold and silver sales[108] - For the nine months ended September 30, 2022, net earnings increased to $503 million, up $40 million from $463 million in the same period of 2021[131] Cash Flow and Assets - Wheaton's operating cash flows for Q3 2022 were $154.5 million, down 23.2% from $201.3 million in Q3 2021[7] - The company had $495 million in cash and cash equivalents as of September 30, 2022, along with a $2 billion revolving term loan facility[15] - Total assets increased to $6,587,595,000 in Q3 2022 from $6,448,695,000 in Q2 2022[84] - The company reported a total cash flow from operations for the quarter was $75,622, with net earnings of $55,839[88] - For the nine months ended September 30, 2022, the company generated operating cash flows of $571 million, down $78 million from $649 million in the same period of 2021[149] Dividends and Shareholder Returns - The company declared dividends of $67.8 million in Q3 2022, a slight increase of 0.3% compared to $67.5 million in Q3 2021[7] - The Board of Directors declared a dividend of $0.15 per common share on November 3, 2022[13] - Dividends declared in Q3 2022 were $67,754,000, consistent with the previous quarter's $67,708,000[84] - A total of 270,768 common shares were issued under the dividend reinvestment plan (DRIP) during the three months ended September 30, 2022, compared to 228,728 shares issued in the same period of 2021[200] Production Guidance and Future Outlook - Estimated attributable production for 2022 is forecasted to be approximately 640,000 to 680,000 GEOs[14] - The company anticipates production guidance for 2022 based on commodity price assumptions of $1,800 per ounce for gold and $24.00 per ounce for silver[79] - The company anticipates continued challenges in production due to maintenance and weather-related impacts, affecting future output and operational efficiency[127] - The company plans to continue focusing on market expansion and new product development to enhance production capabilities and revenue streams[100] Investments and Commitments - The company has a commitment to pay a total cash consideration of $50 million for the Fenix Gold project, of which $25 million was paid on March 25, 2022[41] - The company is committed to pay $230 million for the Copper World Complex, with $50 million due upon permitting and $180 million once project costs exceed $98 million[169] - The company expects to pay an estimated expansion payment of between $550 million to $650 million for the Salobo III expansion project, which aims to increase processing capacity to 36 Mtpa by the end of 2023[176] - The company has committed to pay $290 million for the Santo Domingo project, with $30 million already paid[174] Risk Factors and Contingencies - The Company is exposed to various risk factors including currency risk, market price risk, and liquidity risk due to its long-term investments[59] - The company’s assessment of contingencies involves significant judgment and estimates of future events[197] - The company may face material adverse impacts on financial performance if contingencies are not resolved favorably[197] - The company expects tax reassessments from the Canada Revenue Agency to result in approximately $2 million in assessed tax, interest, and penalties[189]
Wheaton Precious Metals Corp (WPM) Investor Presentation - Slideshow
2022-09-09 16:00
WHEATON PRECIOUS METALS THE HIGH MARGIN PRECIOUS METALS COMPANY August 2022 Corporate Presentation CAUTIONARY STATEMENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in this Presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities legislation. There can be no assurance that forward-looking statements will prove to be ...
Wheaton Precious Metals(WPM) - 2022 Q2 - Earnings Call Transcript
2022-08-12 19:28
Wheaton Precious Metals Corp. (NYSE:WPM) Q2 2022 Results Conference Call August 12, 2022 11:00 AM ET Company Participants Patrick Drouin - SVP, IR and Sustainability Randy Smallwood - President and CEO Gary Brown - SVP and CFO Haytham Hodaly - SVP, Corporate Development Wes Carson - VP, Mining Operations Conference Call Participants Trevor Turnbull - Scotiabank Adam Josephson - KeyBanc Ralph Profiti - Eight Capital Lawson Winder - Bank of America Brian MacArthur - Raymond James Operator Good morning, ladies ...
Wheaton Precious Metals(WPM) - 2022 Q2 - Quarterly Report
2022-08-11 16:00
Exhibit 99.2 Version 2 Second Quarter Report 2022 WHEATON PRECIOUS METALS Management's Discussion and Analysis of Results of Operations and Financial Condition for the Three and Six Months Ended June 30, 2022 This Management's Discussion and Analysis ("MD&A") should be read in conjunction with Wheaton Precious Metals Corp.'s ("Wheaton" or the "Company") unaudited condensed interim consolidated financial statements for the three and six months ended June 30, 2022 and related notes thereto which have been pre ...
Wheaton Precious Metals(WPM) - 2022 Q1 - Earnings Call Transcript
2022-05-06 18:03
Wheaton Precious Metals Corp. (NYSE:WPM) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Â Company Participants Patrick Drouin - Senior Vice President, Investors Relations Randy Smallwood - President and CEO Gary Brown - Senior Vice President and CFO Haytham Hodaly - Senior Vice President, Corporate Development Wes Carson - Vice President, Mining Operations Conference Call Participants Ralph Profiti - Eight Capital Trevor Turnbull - Scotiabank Operator Good morning, ladies and gentlemen. Thank you ...
Wheaton Precious Metals(WPM) - 2021 Q4 - Earnings Call Presentation
2022-03-11 21:53
WHEATON PRECIOUS METALS THE HIGH MARGIN PRECIOUS METALS COMPANY March 2022 Corporate Presentation CAUTIONARY STATEMENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in this Presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities legislation. There can be no assurance that forward-looking statements will prove to be a ...
Wheaton Precious Metals(WPM) - 2021 Q4 - Earnings Call Transcript
2022-03-11 17:47
Wheaton Precious Metals Corp. (NYSE:WPM) Q4 2021 Earnings Conference Call March 11, 2022 11:00 AM ET Company Participants Patrick Drouin - Senior Vice President, Sustainability & Investors Relations Randy Smallwood - President & Chief Executive Officer Gary Brown - Senior Vice President & Chief Financial Officer Haytham Hodaly - Senior Vice President, Corporate Development Wes Carson - Vice President, Mining Operations Conference Call Participants Tyler Langton - JPMorgan John Tumazos - John Tumazos Very In ...