- Write by:
-
Friday, August 13, 2021 - 14:16:40
-
433 Visit
-
Print
Mining News Pro - Streaming company Wheaton Precious Metals has posted record revenue and cash flow of $655-million and $449-million, respectively, for the first half of 2021, resulting in an increase to its dividend.
During the second quarter, operating cash flow increased 43% to $216-million and revenue jumped 33% to a record $330-milion.
CEO Randy Smallwood commented that the quarter’s solid performance reflected the underlying strength of the group’s portfolio and had resulted in an increase to its dividend for the fourth quarter in a row.
The streaming company declared a quarterly dividend of $0.15 a share, which is a 50% increase relative to the second quarter of 2020.
Wheaton reported a 32% quarter-on-quarter increase in gold-equivalent production to 194 140 oz and said that it would achieve its guidance of 720 000 to 780 000 gold-equivalent ounces for the year.
Smallwood noted that Wheaton remained active on the corporate development front, closing a precious metals stream on Capstone’s Santo Domingo project, in Chile, and subsequent to the quarter-end, entered into an agreement on a new precious metals stream on Rio2’s Fenix gold project, also in Chile.
Short Link:
https://www.miningnews.ir/En/News/615322
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has ...
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ...
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner ...
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s ...
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
Ghana Mine Workers Union is demanding the termination of the mining lease of Future Global Resources Ltd. because the ...
Gold’s record-setting rally this year has puzzled market watchers as bullion has roared higher despite headwinds that ...
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
No comments have been posted yet ...