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Wheaton Precious Metals Corp - Vancouver-based precious metals streaming - For 2021, reports pretax profit of $754.6 million, up 49% from $505.3 million the year before, on revenue which grows 9.1% year-on-year to $1.20 billion from $1.10 billion.
Operationally, production rises 5.7% to 752,958 gold equivalent ounces from 712,624 ounces, while sales edged 0.2% upwards to 663,415 ounces from 662,275 ounces.
Looking ahead, expects attribute production for 2022 to come between 700,000 to 760,000 gold equivalent ounces.
‘Wheaton generated record annual revenue and operating cash flow in 2021 as our diversified portfolio of high-quality, long-life assets delivered strong results,’ said Chief Executive Officer Randy Smallwood.
‘In 2021, Wheaton also remained focused on accretive growth, and over the past three months alone, we added five new streams to our already robust portfolio. This additional growth is readily apparent in our ten-year production forecast, where we see annual production climbing to well over 900,000 gold equivalent ounces,’ Smallwood added.
Current stock price: 3,710.00 pence
12-month change: up 29%
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