Wheaton Precious Metals Corp. (WPM) Tops Q2 EPS by 2c, provides production outloook

Wheaton Precious Metals Corp. (NYSE: WPM) reported Q2 EPS of $0.33, $0.02 better than the analyst estimate of $0.31. Revenue for the quarter came in at $299.06 million versus the consensus estimate of $304.19 million.

2024 and Long-Term Production Outlook

Wheaton's estimated attributable production in 2024 is forecast to be 325,000 to 370,000 ounces of gold, 18.5 to 20.5 million ounces of silver, and 12,000 to 15,000 GEOs3 of other metals, resulting in annual production of approximately 550,000 to 620,000 GEOs3, unchanged from previous guidance2,3.

Annual production is forecast to increase by approximately 40% to over 800,000 GEOs3 by 2028, with average annual production forecast to grow to over 850,000 GEO3 in years 2029 to 2033, also unchanged from previous guidance6.

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

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