Wheaton Precious Metals (TSE:WPM) has released an update.
Wheaton Precious Metals reports a strong start to 2024 with $297 million in revenue, a 19% increase in gold equivalent production, and a solid balance sheet—highlighted by a $306 million cash position and no debt. The company’s first-quarter success is attributed to operational efficiencies and a high-quality asset base, including 18 operating mines and 27 development projects. With a commitment to sustainable and accretive growth, Wheaton forecasts a 40% production increase by 2028 and is actively pursuing new opportunities in the gold and precious metals market.
For further insights into TSE:WPM stock, check out TipRanks’ Stock Analysis page.