Wheaton Precious Metals Corp. (WPM) Tops Q2 EPS by 2c, Revenues Beat

Wheaton Precious Metals Corp. (NYSE: WPM) reported Q2 EPS of $0.16, $0.02 better than the analyst estimate of $0.14. Revenue for the quarter came in at $212.4 million versus the consensus estimate of $204.1 million.

"Wheaton's high-quality portfolio and strong margins generated over $260 million of operating cash flow in the first half of 2018," said Randy Smallwood, President and Chief Executive Officer of Wheaton Precious Metals. "Since the beginning of the year, Wheaton made two substantial acquisitions with new streams on Voisey's Bay and Stillwater. We expect Stillwater to contribute production and cash flow starting in the third quarter of 2018 and Voisey's Bay starting in 2021. These additions ideally fit within our existing portfolio as they are both high-margin and long-life mines with significant exploration potential. Given our sector-leading cash flow and revolving credit facility, Wheaton was able to consummate these transactions on an accretive basis for shareholders without having to access additional sources of capital. Over the past eight years, we have only raised $1.6 billion in equity, while at the same time invested over $6.5 billion into new streams and paid over $800 million in dividends."

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

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