Wheaton reports net earnings of $141M in second quarter, declares dividend Wheaton
- On Thursday, streaming company Wheaton Precious Metals reported that in Q2 2023, the company generated $265 million in revenue, $202 million in operating cash flow, $141 million in net earnings and $143 million in adjusted net earnings.
The company said its Q2 2023 revenue of $265 million decreased by 12.5% relative to the prior period quarter primarily due to relative changes in GEOs produced but not yet delivered partially offset by a 4% increase in realized commodity prices. The company’s operating cash flow in the second quarter of 2023 amounted to $202 million, with the $4 million decrease over the prior year quarter due primarily to the lower sales volumes.
Commenting on the results, President and CEO Randy Smallwood said, "Wheaton delivered solid operational results during the quarter, generating over $200 million of operating cash flow, primarily driven by significant sequential improvement at the recently commissioned expansion at our largest asset, Salobo.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Precious Metals Sector Faces Challenges as US Dollar ReboundsThe precious metals sector has been driven lower by bears as the US Dollar rebounds, despite positive technicals at the end of July. While the S&P 500 gains momentum, Gold struggles to break out from its bullish pattern. Gold and silver stocks face challenges due to cost increases and stagnant prices, while valuations have declined. Despite these challenges, Gold remains in a bullish consolidation and is approaching resistance.
Lire la suite »
Bearish Signals Intensify in Precious Metals MarketThe precious metals market experienced a significant shift due to bearish signals from the USDX and stocks. The combination of a breakdown below the rising support line and an intraday reversal suggests that lower stock market prices are expected. Stocks are currently at their 50-day moving average and June highs, but once these support levels are broken, a substantial fall is likely. The RSI indicator indicates that stocks were overbought, similar to previous instances where significant declines occurred. Mining stocks have also shown weakness compared to the S&P 500, indicating potential lower values in the near future.
Lire la suite »
The best mattresses to order in 2023Plus the most important thing to consider when buying a new one
Lire la suite »
The best mattresses to order in 2023Plus the most important thing to consider when buying a new one
Lire la suite »
25 photos from the 2023 VELD electronic music festival in TorontoVELD was back in Toronto for 2023 and the lineup of DJs and performers was stellar as usual. The three-day festival at Downsview Park drew thousand...
Lire la suite »
The best mattresses to order in 2023Plus the most important thing to consider when buying a new one
Lire la suite »