Wheaton Precious Metals Announces Record Revenue for the First Quarter of 2021
TSX | NYSE | LSE: WPM Designated News Release FIRST QUARTER 2021 FINANCIAL RESULTS “Wheaton’s first quarter results illustrate the strength and growth profile of our diversified, high-quality portfolio with record revenue achieved and over $230 million in operating cash flow generated. As a result of these strong results, we have increased our dividend for the third quarter in a row and now have net cash on the … TSX | NYSE | LSE: WPM FIRST QUARTER 2021 FINANCIAL RESULTS
“Wheaton’s first quarter results illustrate the strength and growth profile of our diversified, high-quality portfolio with record revenue achieved and over $230 million in operating cash flow generated. As a result of these strong results, we have increased our dividend for the third quarter in a row and now have net cash on the balance sheet, which we will look to deploy to further grow our sector-leading portfolio,”
Wheaton Precious Metals Increases Quarterly Dividend for a Third Quarter in a Row
DIVIDEND DECLARATION TSX | NYSE | LSE: WPM Wheaton Precious Metals™ Corp. is pleased to announce that its Board of Directors has declared its second quarterly cash dividend payment for 2021 of US$0.14 per common share, an increase of 40% relative to the comparable period in 2020 and representing the third quarterly dividend increase in a row. Second Quarterly Dividend The second quarterly cash dividend for 2021 … DIVIDEND DECLARATION TSX | NYSE | LSE: WPM
Wheaton Precious Metals™ Corp. (“Wheaton” or the “Company”) is pleased to announce that its Board of Directors has declared its second quarterly cash dividend payment for 2021 of US$0.14 per common share, an increase of 40% relative to the comparable period in 2020 and representing the third quarterly dividend increase in a row.
TSX futures rise on gold boost ahead of jobs data marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Vancouver, British Columbia - Wheaton Precious Metals™ Corp. ( Wheaton or the Company ) is pleased to announce that its Board of Directors has declared its second quarterly cash dividend payment for 2021 of US$0.14 per common share, an increase of 40% relative to the comparable period in 2020 and representing the third quarterly dividend increase in a row. Second Quarterly Dividend The second quarterly cash dividend for 2021 of US$0.14 will be paid to holders of record of Wheaton Precious Metals common shares as of the close of business on May 21, 2021 and will be distributed on or about June 3, 2021. Under the Company s dividend policy, the quarterly dividend per common share is targeted to equal approximately 30% of the average cash generated by operating activities in the previous four quarters divided by the Company s then outstanding common shares, all rounded to the nearest cen
30.0 % All amounts in thousands except gold, palladium & gold equivalent ounces and cobalt pounds produced & sold, per ounce/pound amounts & per share amounts. [1][2]
Revenues Revenue was $324 million in the first quarter of 2021 representing a 27% increase from the first quarter of 2020 due primarily to a 27% increase in the average realized gold equivalent² price. Cash Costs and Margin Average cash costs¹ in the first quarter of 2021 were $449 per gold equivalent² ounce as compared to $382 in Q1 2020. This resulted in a cash operating margin¹ of $1,399 per gold equivalent² ounce sold, an increase of 30% as compared with the first quarter of 2020. · Approximately $191 million of cash on hand.