Wheaton's adjusted net earnings up 29% to $121M in Q3 despite Peñasquito suspension

📆 11/10/2023 5:38 PM
📰 KitcoNewsNOW

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 78%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- On Thursday, streaming company Wheaton Precious Metals reported that in Q3 2023, the company generated $223 million in revenue, $171 million in operating cash flow, $116 million in net earnings and $121 million in adjusted net earnings.

Importantly, Wheaton noted that its cash operating margin in Q3 2023 amounted to $1,457 per GEO sold, an increase of 25% as compared with the third quarter of 2022, - a result of the higher realized price per ounce. Wheaton also maintained its average annual production guidance for 2023 of 600,000 to 660,000 GEOs and declared a quarterly dividend of $0.15 per common share.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sony Q2 profit falls 29%, hit by chips divisionSony's operating profit fell 29% in the July-September quarter, below estimates, as the company was hit by a weaker performance at its image sensor and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »