Wheaton Precious Metals(US:WPM)2024-08-08 06:10Financial Performance - Revenue for the second quarter of 2024 was $299 million[5], a 12.9% increase compared to $265 million in Q2 2023[18] - Net adjusted earnings for Q2 2024 reached $150 million[6], a 4.9% increase from $143 million in Q2 2023[21] - Operating cash flow for Q2 2024 was $234 million[7], a 16% increase compared to $202 million in Q2 2023[21] - The company declared a quarterly dividend of $0.155 per common share[9], a 3.3% increase from $0.150 per share[21] Production and Sales - The company is on track to achieve 2024 production guidance of 550,000 to 620,000 gold equivalent ounces (GEOs)[14] - Approximately 128,000 GEOs were in Produced But Not Delivered (PBND) at the end of Q2 2024, representing about 2.9 months of payable GEO production[20] Growth and Development - The company forecasts production growth of approximately 40% by 2028, targeting over 800,000 GEOs[15] - Long-term production is expected to stabilize at over 850,000 GEOs per year from 2029 to 2033[15] Balance Sheet - The company maintains a strong balance sheet with over $540 million in cash and a $2 billion undrawn revolving credit facility[9]