Wheaton increases net earnings in Q3, announces dividend

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 78%

United States News News

United States United States Latest News,United States United States Headlines

gold Wheaton Wheaton increases net earnings in Q3, announces dividend

Editors Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of todays must-read news and expert opinions. Sign up here!

The company said that average cash costs in Q3 2022 were $439 per GEO as compared to $417 in Q3 2021, adding that this resulted in a cash operating margin of $1,137 per GEO sold, a decrease of 17% as compared with Q3 2021. "At Wheaton, we focus on building a sustainable company that provides investors with profitable, long-term exposure to precious metals. While inflationary pressures have impacted all sectors of the economy, especially mining, Wheaton has maintained cash operating margins of over 75% year to date, highlighting the strength of our streaming business model," commented President and CEO Randy Smallwood.

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:

 /  🏆 13. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines