- On Thursday, streaming company Wheaton Precious Metals reported that in Q2 2023, the company generated $265 million in revenue, $202 million in operating cash flow, $141 million in net earnings and $143 million in adjusted net earnings.
The company said its Q2 2023 revenue of $265 million decreased by 12.5% relative to the prior period quarter primarily due to relative changes in GEOs produced but not yet delivered partially offset by a 4% increase in realized commodity prices. The company’s operating cash flow in the second quarter of 2023 amounted to $202 million, with the $4 million decrease over the prior year quarter due primarily to the lower sales volumes.
Commenting on the results, President and CEO Randy Smallwood said, "Wheaton delivered solid operational results during the quarter, generating over $200 million of operating cash flow, primarily driven by significant sequential improvement at the recently commissioned expansion at our largest asset, Salobo.
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