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Despite a difficult June quarter in which clients experienced various one-off impacts which lowered forecast production, streaming company Wheaton Precious Metals did not experience the same cost inflation that has plagued the quarterly results of most precious metals companies and maintained its 15 cent quarterly dividend.
Wheaton Precious Metals president and CEO Randy Smallwood
Wheaton produced 162,569 ounces gold equivalent in the three months to June 30, a 15% fall year-on-year, which led the company to drop its 2022 guidance to 640,000-680,000oz from the original
Weaker US dollar seen after Fed ends rate hikes
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