- On Thursday, Wheaton Precious Metals reported that in Q1 2023, the company generated $214 million in revenue , $135 million in operating cash flow and $111 million in net earnings .
Average cash costs in the first quarter of 2023 were $443 per GEO as compared to $440 in the first quarter of 2022. This resulted in a cash operating margin of $1,384 per GEO sold, a decrease of 7% as compared with the first quarter of 2022. Importantly, Wheaton noted that average annual production for the five and ten-year periods is expected to be approximately 810,000 and 850,000 GEOs, respectively.