Underlying net earnings in Q222 were 4.4% above our forecasts. In general terms, Wheaton Precious Metals (WPM) produced 162,569 gold equivalent ounces (GEOs) during the quarter, which was 4.0% below our prior forecast, but sold 170,371 GEOs (which was 11.6% above) as a result of a 27,412 GEO draw down in the number of ounces produced but not yet delivered. Although WPM reduced its output guidance for FY22 as a consequence of lower production at Salobo and Stillwater and the sale of its Keno Hill ....
16 Aug 2022
Wheaton Precious Metals - Guidance changes already anticipated
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Wheaton Precious Metals - Guidance changes already anticipated
Wheaton Precious Metals Corp (WPM:TSE) | 0 0 0.0%
- Published:
16 Aug 2022 -
Author:
Lord Ashbourne -
Pages:
17
Underlying net earnings in Q222 were 4.4% above our forecasts. In general terms, Wheaton Precious Metals (WPM) produced 162,569 gold equivalent ounces (GEOs) during the quarter, which was 4.0% below our prior forecast, but sold 170,371 GEOs (which was 11.6% above) as a result of a 27,412 GEO draw down in the number of ounces produced but not yet delivered. Although WPM reduced its output guidance for FY22 as a consequence of lower production at Salobo and Stillwater and the sale of its Keno Hill ....