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Dec 31, 2024
Wheaton Precious Metals Q4 2024 Earnings Report
Wheaton Precious Metals reported record revenue and adjusted net earnings for Q4 2024, driven by higher commodity prices and increased production.
Key Takeaways
Wheaton Precious Metals achieved record revenue of $381 million and adjusted net earnings of $199 million in Q4 2024. The company's operating cash flow reached $319 million, reflecting strong performance across its mining assets. Despite a decline in net earnings due to impairment charges, Wheaton's balance sheet remained robust, with $818 million in cash and no debt.
Revenue reached a record $381 million, up 21.4% from Q4 2023.
Adjusted net earnings increased to $199 million, a 20.9% year-over-year rise.
Operating cash flow surged to $319 million, a 31.9% improvement.
The company ended 2024 with a strong cash balance of $818 million and no debt.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Wheaton Precious Metals expects production growth in 2025, driven by new streaming agreements and stable performance from existing assets.
Positive Outlook
- Projected annual gold equivalent production increase of 10% in 2025.
- New production expected from Blackwater, Goose, Mineral Park, and Platreef projects.
- Continued strong cash flow generation supporting further growth.
- Expansion of streaming agreements to enhance long-term revenue.
- Stable production outlook for Salobo and Antamina assets.
Challenges Ahead
- Lower production expected from Peñasquito due to mining transitions.
- Decline in gold output from Constancia as high-grade benches were mined earlier.
- Global economic uncertainty could impact commodity prices.
- Potential for increased costs due to inflationary pressures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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