Wheaton Precious Metals Corp. (NYSE: WPM) reported Q2 EPS of $0.15, $0.01 better than the analyst estimate of $0.14. Revenue for the quarter came in at $200 million versus the consensus estimate of $217.55 million.

Financial Review

• Revenues
  • Revenue was $200 million in the second quarter of 2017, on sales volume of 6.4 million ounces of silver and 72,000 ounces of gold. This represents a 6% decrease from the $212 million of revenue generated in the second quarter of 2016 due primarily to an 11% decrease in the number of silver ounces sold, partially offset by a 2% increase in the number of gold ounces sold.
• Costs and Expenses
  • Average cash costs2 in the second quarter of 2017 were $4.51 per silver ounce sold and $393 per gold ounce sold, as compared with $4.46 per silver ounce and $401 per gold ounce during the comparable period of 2016. This resulted in a cash operating margin2 of $12.58 per silver ounce sold and $870 per gold ounce sold, a decrease of 1% per silver ounce sold while the cash operating margin2 per ounce of gold sold was virtually unchanged as compared with Q2 2016. The decrease in the cash operating margin was primarily due to a 1% decrease in the average realized silver price in Q2 2017 compared with Q2 2016.
• Earnings and Operating Cash Flows
  • Net earnings and cash flow from operations in the second quarter of 2017 were $68 million ($0.15 per share) and $125 million ($0.28 per share2), compared with $60 million ($0.14 per share) and $134 million ($0.31 per share2) for the same period in 2016, an increase of 12% and a decrease of 7%, respectively.

For earnings history and earnings-related data on Wheaton Precious Metals Corp. (WPM) click here.