Despite relatively conservative precious metals price assumptions, underlying earnings for Q3 were within US$2.0m, or 2.7%, of our forecasts. Both Wheaton’s gold and silver divisions outperformed our production expectations. However, a 1.6Moz under-sale of silver relative to production resulted in an ‘inventory’ build and a deferment of sales. In addition, there was a 14.5% quarter-on-quarter increase in general & administrative expenses (albeit entirely attributable to
18 Nov 2019
Wheaton Precious Metals - Q3 results and update
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Wheaton Precious Metals - Q3 results and update
Wheaton Precious Metals Corp (WPM:TSE) | 0 0 0.0%
- Published:
18 Nov 2019 -
Author:
Charles Gibson -
Pages:
12
Despite relatively conservative precious metals price assumptions, underlying earnings for Q3 were within US$2.0m, or 2.7%, of our forecasts. Both Wheaton’s gold and silver divisions outperformed our production expectations. However, a 1.6Moz under-sale of silver relative to production resulted in an ‘inventory’ build and a deferment of sales. In addition, there was a 14.5% quarter-on-quarter increase in general & administrative expenses (albeit entirely attributable to