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Wheaton Precious Metals Corp T.WPM

Alternate Symbol(s):  WPM

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company. The Company, through strategic streaming agreements, partners with mining companies to secure a portion of their future precious metal production. It has entered into approximately 38 long-term agreements (30 of which are precious metal purchase agreements (PMPAs), three of which are early deposit PMPAs, and five of which are royalty agreements), with 32 different mining companies, related to precious metals and cobalt relating to 18 mining assets which are operating, 23 which are at various stages of development and four which have been placed into care and maintenance or have been closed, located in 16 countries. Its portfolio includes operating mines, and development projects & other. Its mineral stream interests (gold) include Salobo, Sudbury, Constancia, San Dimas, Stillwater and others. The Company's mineral stream interests (silver) include Penasquito, Antamina, Constancia and others.


TSX:WPM - Post by User

Post by Betteryear2on Feb 07, 2022 7:41am
265 Views
Post# 34403865

Meets 2021 Production Guidance

Meets 2021 Production Guidance

VANCOUVER, BCFeb. 7, 2022 /PRNewswire/ - "The importance of having a diversified, high-quality portfolio of low-cost assets was especially apparent in 2021. Strong performances from Peasquito, Antamina and Constancia more than offset challenges at some of our other mines and resulted in Wheaton's production meeting our guidance range yet again," said Randy Smallwood, Wheaton's President and Chief Executive Officer. ", Wheaton further diversified its asset base in 2021 by adding five additional streams on development assets, which will contribute to our steady organic growth over the next five years. Given the strong tenure of our reserve and resource base, we are also pleased to present ten-year production guidance showing continued strength in our portfolio." 

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") will provide full production and financial details with the release of its 2021 fourth quarter and full year results on Thursday, March 10, 2022.

2021 Attributable Production and Sales

Metal

2021

Forecast

Production

2021

Actual

Production1

2021

Actual

Sales

Gold Ounces

330,000 to 345,000

342,546

312,465

Silver Ounces ('000s)

25,500 to 26,500

25,801

22,860

Other Metals (GEOs2)

45,000 to 55,000

49,324

33,457

Palladium Ounces

 

20,908

19,344

Cobalt pounds ('000s)

 

2,293

886

Gold Equivalent Ounces2 based on:

$1,800 / oz gold, $25 / oz silver, $2,300 / oz palladium and $17.75 / lb cobalt

735,000 to 765,000

750,220

663,415

 
  


https://www.prnewswire.com/news-releases/wheaton-precious-metals-meets--2021-production-guidance-and-forecasts-20-long-term-growth-301476012.html

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