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Wheaton Precious Metals Corp. (WPM) Misses Q3 EPS by 2c, Revenues Miss; 'On Track to Exceed Annual Production Guidance'

November 14, 2018 5:02 PM

Wheaton Precious Metals Corp. (NYSE: WPM) reported Q3 EPS of $0.08, $0.02 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $185.77 million versus the consensus estimate of $191.19 million.

"Our robust precious metals business continued to grow in the third quarter with the first production of gold and palladium from our latest stream, Stillwater, exceeding our expectations. With the addition of Stillwater, Wheaton had record gold production and sales volume in the first nine months of 2018 resulting in operating cash flow of almost $370 million." said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "In addition, we believe we are currently well positioned to exceed our production guidance for 2018. Finally, we also look forward to Vale pursuing their announced expansion of the Salobo mine in Brazil. Salobo has proven itself to be an exceptional mine, delivering metal to both Vale and Wheaton at a low cost."

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

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