Wheaton Precious Metals reports Q1 EPS 56c, consensus 51c

Reports Q1 revenue $470M, consensus $428.22M. Attributable gold equivalent production of 151,000 ounces in Q1 decreased 4% relative to the comparable period of the prior year. “Wheaton delivered a strong start to 2025, with our core assets exceeding production expectations and driving record quarterly revenue, adjusted net earnings, and operating cash flow. In times of economic uncertainty, gold is viewed as a reliable store of value, and these results demonstrate why we believe Wheaton offers one of the best low-risk opportunities for investors seeking exposure to precious metals,” said Randy Smallwood, CEO. “Looking ahead, 2025 is shaping up to be a catalyst-rich year, with four development projects scheduled to come online over the course of the year. Notably, Artemis Gold announced commercial production at the Blackwater Mine on May 2, an exciting milestone at an asset which is expected to contribute meaningfully to Wheaton’s portfolio going forward. With the solid foundation of our currently producing asset base, coupled with our industry leading growth profile, we believe we are uniquely positioned to continue pursuing accretive growth and delivering long-term value creation to all of our stakeholders.”