Wheaton Precious Metals Corp.: Uninterrupted Operations and Increase in Attributable Production

Distinguished by generating approximately $220 million in operating cash flow and over $160 million in net earnings, Wheaton Precious Metals’ financial results for the first quarter of 2024 reveal the efficacy of its business model, particularly in the context of a rising commodity price environment. The company maintains strong cash operating margins and orchestrated the successful completion of an upfront payment of $450 million for the acquisition of the Platreef and Kudz Ze Kayah Streams from Orion Resource Partners. Wheaton Precious Metals’ strong liquidity position is evident through its holding of $306 million in cash, an undrawn revolving credit facility of $2 billion, and robust operating cash flows. These assets equip the company to meet all outstanding commitments and pursue promising mineral stream interests.