Record Revenue, Earnings & Cash Flow for the First 9 Months Designated News Release
THIRD QUARTER 2021 FINANCIAL RESULTS
VANCOUVER, BC, Nov. 4, 2021 /CNW/ - "Wheaton's diversified portfolio of high-quality, long-life assets continues to deliver strong results, including record revenue, earnings and cash flow in the first nine months of 2021. In addition, the Company declared a dividend of $0.15 per common share, a 25% increase relative to the prior year," said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "Strong year to date production, particularly driven by silver, has led the Company to narrow its annual guidance to 735,000 to 765,000 gold equivalent ounces, consistent with the previous midpoint of guidance."
Third Quarter 2021 Highlights:
- Over $200 million in operating cash flow during the third quarter and a record $650 million in the first nine months of 2021.
- $269 million in revenue during the third quarter and a record $923 million in the first nine months of 2021.
- $137 million in adjusted net earnings during the third quarter and a record $460 million in the first nine months of 2021.
- Signed a non-binding term sheet with Rio2 Limited to enter into a precious metals purchase agreement in connection with the Fenix Gold project located in Chile.
- Strong financial position with approximately $372 million in cash on hand and $2 billion of additional capacity through the revolving credit facility as of September 30, 2021.
- Declared quarterly dividend1 of $0.15 per common share.
https://www.prnewswire.com/news-releases/wheaton-precious-metals-announces-record-revenue-earnings-and-cash-flow-for-the-first-nine-months-of-2021-301417150.html