Leadership Transition - Gary Brown will step down as CFO effective March 31, 2025, after nearly 17 years of service [1] - Vincent Lau, Vice President of Finance for 13 years, will be appointed as the new CFO [1][2] - Gary Brown played a key role in the company's financial growth, strategic direction, and risk management, contributing to its long-term success [3][5] New CFO Background - Vincent Lau has 13 years of experience managing corporate finance and risk management functions at Wheaton [2] - Prior to Wheaton, Vincent held senior finance roles at CHC Helicopters and KPMG's Transaction Services group in New York [2] - Vincent holds CPA and CFA designations and a Bachelor of Commerce degree from the University of British Columbia [2] Company Overview - Wheaton is the world's premier precious metals streaming company with a high-quality portfolio of long-life, low-cost assets [4] - The company's business model offers investors commodity price leverage and exploration upside with lower risk compared to traditional mining companies [4] - Wheaton delivers among the highest cash operating margins in the mining industry, enabling competitive dividends and growth through accretive acquisitions [4] - The company has consistently outperformed gold, silver, and other mining investments [4] - Wheaton is committed to strong ESG practices and community engagement in areas where it and its mining partners operate [4] Leadership Perspectives - Randy Smallwood, President and CEO, praised Vincent Lau's financial acumen and forward-thinking approach to growth and risk management [4] - Randy Smallwood acknowledged Gary Brown's strategic foresight, financial aptitude, and disciplined risk management as key factors in establishing Wheaton as a sector leader [5] - Gary Brown expressed pride in building and mentoring a highly motivated finance team, confident in their ability to continue the company's success under Vincent Lau's leadership [5]

Core Viewpoint - Wheaton Precious Metals Corp. has entered into a Precious Metals Purchase Agreement with Allied Gold Corporation for the Kurmuk Project in Ethiopia, marking a significant step in advancing the construction of the first commercial gold mine in the country [1][2]. Transaction Key Terms - Wheaton Precious Metals International Ltd. will pay Allied a total upfront cash consideration of US$175 million in four equal installments during construction [3]. - Wheaton will purchase 6.7% of the payable gold until 220,000 ounces are delivered, after which the percentage will decrease to 4.8% for the life of the mine [3][9]. - The project is expected to average over 16,000 ounces of gold production per year for the first ten years, with first production anticipated in mid-2026 [3][7]. Production Profile - The Kurmuk Project is forecasted to have an 11-year mine life based on reserves, with significant exploration potential [3][7]. - The project aims for an average annual gold production of approximately 270,000 ounces over the first five years and over 240,000 ounces annually over a 10-year mine life, with all-in sustaining costs around US$1,000 per ounce [7]. Financial Position - As of September 30, 2024, Wheaton had approximately US$694 million in cash and access to a $2 billion revolving term loan, positioning the company well to fund the acquisition and other commitments [5]. Environmental and Social Governance - Allied is expected to comply with various international standards on environmental and social sustainability, indicating a commitment to ESG practices [4]. Project Overview - The Kurmuk Project is located in the Benishangul-Gumuz region of Ethiopia and involves a two-phase development plan with a total capital investment of approximately US$500 million [7].

Randy Smallwood, chief executive officer of Silver Wheaton Corp., speaks at the Prospectors & ... [+] Developers Association of Canada (PDAC) conference in Toronto, Ontario, Canada, on Sunday, March 5, 2023. Thousands of executives, investors, bankers and government officials are converging on Toronto over six days to attend one of the world's largest industry conferences as project pipelines shrink and companies face pressure to buy growth. Photographer: Christopher Katsarov Luna/Bloomberg© 2023 Bloomberg ...

Wheaton Precious Metals (WPM) reported adjusted earnings per share of 34 cents in third-quarter 2024, in line with the Zacks Consensus Estimate. The bottom line increased 32.7% year over year.Including one-time items, WPM reported earnings per share of 34 cents compared with earnings of 26 cents in the third quarter of 2023.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.WPM’s Q3 Revenues Gain on Higher PricesWheaton Precious generated revenues of around $308 million in the quarter, w ...

For the quarter ended September 2024, Wheaton Precious Metals Corp. (WPM) reported revenue of $308.25 million, up 38.1% over the same period last year. EPS came in at $0.34, compared to $0.27 in the year-ago quarter.The reported revenue represents a surprise of -5.03% over the Zacks Consensus Estimate of $324.57 million. With the consensus EPS estimate being $0.34, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

Wheaton Precious Metals Corp. (WPM) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.33, delivering a surprise of 13.79%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Wheaton Precious ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Wheaton Precious Metals Corp. (WPM) , which belongs to the Zacks Mining - Miscellaneous industry. This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 18.97%. For the most recent quarter, Wheaton Precious Metals was expecte ...

VANCOUVER, BC, Oct. 9, 2024 /PRNewswire/ - Wheaton Precious Metals™ Corp. will release its 2024 third quarter results on November 7, 2024, after market close. RapidConnect URL: Click here Live webcast: Click here Dial toll free: 1-888-510-2154 or 1-437-900-0527 Conference Call ID: 48142 A conference call will be held on Friday, November 8, 2024, 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: The accompanying slideshow ...

Shares of Wheaton Precious Metals Corp. (WPM) scaled a new 52-week high of $64.27 on Wednesday before ending the session slightly lower at $61.30. The increase was fueled by rising gold prices. Wheaton Precious Metals currently has a market capitalization of $28 billion and a Zacks Rank #3 (Hold). What's Aiding Wheaton Precious Metals? Promising Long-term Production Guidance: The company expects production to increase 40% over the next five years and be more than 800,000 GEOs by 2028. This will primarily be ...