Wheaton posts net earnings of $669 million in 2022 despite 'inflationary environment'

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Wheaton posts net earnings of $669 million in 2022 despite 'inflationary environment' Wheaton

- On Thursday, Wheaton Precious Metals reported that in 2022, the company generated $1,065 million in revenue , $743 million in operating cash flow , $669 million in net earnings and $505 million in adjusted net earnings .

"In addition, Wheaton took strategic steps forward by optimizing the portfolio, adding four new streams and making sector-leading commitments on the sustainability front. With one of the strongest balance sheets in the industry, we enter 2023 exceptionally well-positioned to deliver long-term shareholder value through the significant organic growth profile already embedded in the portfolio as well as through additional accretive acquisitions.

The company said it delivered "solid" production results at the low end of guidance"despite facing a number of headwinds in 2022." The company also noted that in 2023, gold equivalent production is forecast to be slightly higher than 2022 as expected stronger attributable production from Salobo and Constancia is forecast to be offset by weaker production from Antamina and the termination of the silver stream on Yauliyacu.

 

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