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Wheaton headline earnings double

A strong September-quarter performance from Vale’s Salobo mine in Brazil has prompted the world’s metals streaming leader Wheaton Precious Metals to increase its attributable gold guidance for 2019 by 5,000oz to 390,000oz.

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WPM has more than doubled its Q3 adjusted earnings

In the third quarter, Salobo produced 73,600oz of attributable gold, virtually unchanged year-on-year as higher throughput was almost completely offset by lower grades and recovery.