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Wheaton Precious Metals Corp. (WPM) Gold Forum Americas Conference (Transcript)
2023-09-21 03:38
Wheaton Precious Metals Corp. (NYSE:WPM) Gold Forum Americas Conference September 19, 2023 2:30 PM ET Company Participants Randy Smallwood - President and Chief Executive Officer Conference Call Participants Cosmos Chiu - CIBC World Markets Cosmos Chiu Great. Next up, we have Randy Smallwood, President and CEO of Wheaton Precious Metals. I was flipping through the pages, trying to find Randy's biography. I'm not sure why. We all know Randy. And I know Randy. So, Randy. Randy Smallwood Thank you, Cosmos. And ...
Wheaton Precious Metals(WPM) - 2023 Q2 - Earnings Call Transcript
2023-08-11 17:46
Wheaton Precious Metals Corp. (NYSE:WPM) Q2 2023 Earnings Conference Call August 11, 2023 10:00 AM ET Company Participants Patrick Drouin - Senior Vice President-Investor Relations and Sustainability Randy Smallwood - President and Chief Executive Officer Gary Brown - Senior Vice President and Chief Financial Officer Wes Carson - Vice President, Mining Operations Haytham Hodaly - Senior Vice President, Corporate Development Conference Call Participants Brian MacArthur - Raymond James Ralph Profiti - Eight C ...
Wheaton Precious Metals(WPM) - 2023 Q2 - Earnings Call Presentation
2023-08-11 12:42
WHEATON PRECIOUS METALS Revenue $265 million Net Earnings $141 million HI ▪ Released annual Sustainability Report and inaugural Climate Change Report in Q2 2023 ▪ Ranked #1 by Sustainalytics in precious metals and in the Global Top 50 out of over 14,900 multi-sector companies4 Quarterly production growth: ▪ New gold stream on Lumina's Cangrejos Project (Ecuador) ▪ Expanded gold stream on Artemis Gold's Blackwater Project (Canada) 3 Salobo: 75% of gold for life of minei Constancia:100% of silver and 50% of g ...
Wheaton Precious Metals(WPM) - 2023 Q2 - Quarterly Report
2023-08-10 16:00
Exhibit 99.3 Table of Contents Condensed Interim Consolidated Statements of Earnings | | | Three Months Ended | | Six Months Ended | | | --- | --- | --- | --- | --- | --- | | | | June 30 | | June 30 | | | (US dollars and shares in thousands, except per share amounts - unaudited) | Note | 2023 | 2022 | 2023 | 2022 | | Sales | 6 $ | 264,972 $ | 302,922 $ | 479,437 $ | 610,166 | | Cost of sales | | | | | | | Cost of sales, excluding depletion | $ | 58,642 $ | 74,943 $ | 110,606 $ | 144,936 | | Depletion | 13 | ...
Wheaton Precious Metals Corp. (WPM) BofA Securities Global Metals, Mining & Steel Conference (Transcript)
2023-05-17 17:53
Summary of Wheaton Precious Metals Corp. Conference Call Company Overview - **Company**: Wheaton Precious Metals Corp. (NYSE: WPM) - **Industry**: Precious Metals Streaming Key Points and Arguments Market Outlook - **Gold Price Trends**: The gold market has had a strong start in 2023, with optimism among investors and corporates due to favorable fundamentals and record purchases from central banks shifting from US dollars to gold [3][4] - **Silver Fundamentals**: Silver is highlighted as having even better fundamentals than gold, with 40% of Wheaton's revenue coming from silver, driven by increasing demand for critical minerals in greening the world [5] Recent Transactions - **Investment in Lumina Gold**: Wheaton announced a $300 million streaming deal with Lumina Gold for the Cangrejos project in Ecuador, which includes an early deposit and funding for feasibility and permitting [6][8] - **Production Impact**: The Lumina deal is expected to add approximately 25,000 ounces of gold to Wheaton's annual production once operational [6] Deal Pipeline and Strategy - **Focus on Single Asset Development**: The majority of Wheaton's current opportunities are with single asset development companies that lack operating cash flow, making streaming a competitive source of capital compared to equity financing [10][29] - **Political Risk Sensitivity**: Wheaton is cautious about political risks and focuses on stable jurisdictions for its investments, limiting opportunities in platinum and palladium due to their association with riskier locations [12][13] Production Growth - **Future Production Goals**: Wheaton aims to grow its gold equivalent ounces production by 40% over the next five years, targeting close to 1 million ounces per year by 2027, with significant contributions from existing assets [33][34] - **Strong Financial Position**: The company has a robust balance sheet with nearly $1 billion in cash and access to a $2 billion revolver, allowing for substantial growth funding [34] Streaming Model Evolution - **Shift in Deal Structure**: Wheaton has transitioned to a preference for fixed margin agreements in streaming deals, which provide better support for partners during periods of high commodity prices [22][25] - **Long-term Investment Approach**: Wheaton positions itself as a long-term investor, focusing on the value of contained metal rather than equity value, which is particularly attractive for single asset companies [31][32] Market Dynamics - **Cobalt and Lithium**: While Wheaton has some cobalt exposure through partnerships, it is not actively seeking cobalt opportunities. The company views lithium as a bulk material and is currently not interested in pursuing it [17][20] Additional Important Insights - **Community Engagement**: Wheaton emphasizes the importance of community support and due diligence in its projects, as seen in the Lumina Gold investment [7][11] - **Geological Inflation**: The increasing difficulty in finding new deposits is expected to support prices for platinum and palladium in the long term [16][15] This summary encapsulates the key insights from the conference call, highlighting Wheaton Precious Metals' strategic focus, market outlook, and growth plans in the precious metals sector.
Wheaton Precious Metals(WPM) - 2023 Q1 - Earnings Call Transcript
2023-05-05 19:37
Wheaton Precious Metals Corp. (NYSE:WPM) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Corporate Participants Patrick Drouin - Senior Vice President-Investor Relations and Sustainability Randy Smallwood - President and Chief Executive Officer Gary Brown - Senior Vice President and Chief Financial Officer Wes Carson - Vice President-Mining Operations Haytham Hodaly - Senior Vice President, Corporate Development Conference Call Participants Ralph Profiti - Eight Capital Jackie Przybylowski - BMO Ca ...
Wheaton Precious Metals(WPM) - 2022 Q4 - Earnings Call Transcript
2023-03-10 19:05
Wheaton Precious Metals Corp. (NYSE:WPM) Q4 2022 Earnings Conference Call March 10, 2023 11:00 AM ET Company Participants Patrick Drouin - Senior Vice President-Investor Relations and Sustainability Randy Smallwood - President and Chief Executive Officer Gary Brown - Senior Vice President and Chief Financial Officer Wes Carson - Vice President-Mining Operations Haytham Hodaly - Senior Vice President, Corporate Development Conference Call Participants Brian MacArthur - Raymond James Lawson Winder - BofA Sec ...
Wheaton Precious Metals(WPM) - 2023 Q1 - Quarterly Report
2023-03-08 16:00
Ta b l e o f C o n t e n t s E x hibit 9 9.2 Table of Contents Management's Discussion and Analysis of Results of Operations and Financial Condition for the Year Ended December 31, 2022 This Management's Discussion and Analysis ("MD&A") should be read in conjunction with Wheaton Precious Metals Corp.'s ("Wheaton" or the "Company") consolidated financial statements for the year ended December 31, 2022 and related notes thereto which have been prepared in accordance with International Financial Reporting Stan ...
Wheaton Precious Metals (WPM) Investor Presentation - Slideshow
2023-03-03 14:16
WHEATON PRECIOUS METALS THE HIGH MARGIN PRECIOUS METALS COMPANY February 2023 Corporate Presentation CAUTIONARY STATEMENTS CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information contained in this Presentation contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of Canadian securities legislation. There can be no assurance that forward-looking statements will prove to b ...
Wheaton Precious Metals(WPM) - 2022 Q3 - Earnings Call Transcript
2022-11-04 17:47
Wheaton Precious Metals Corp. (NYSE:WPM) Q3 2022 Earnings Conference Call November 4, 2022 11:00 AM ET Company Participants Patrick Drouin – Senior Vice President-Investor Relations and Sustainability Randy Smallwood – President and Chief Executive Officer Gary Brown – Senior Vice President and Chief Financial Officer Wes Carson – Vice President-Mining Operations Conference Call Participants Trevor Turnbull – Scotiabank John Tumazos – John Tumazos Very Independent Research Charlie Rothbarth – Berenberg Oper ...