Reports Q4 revenue $236.05M, consensus $255.5M. Reports Q4 attributable gold equivalent production of 148,300 ounces. "Wheaton’s portfolio of long-life, low-cost assets delivered over $1B in revenue and over $740M in operating cash flow in 2022. This strong financial performance reflects the resiliency of Wheaton’s streaming business model, which delivers amongst the highest margins in the precious metals space. Even in the current inflationary environment, Wheaton averaged 75% cash operating margins in 2022," said CEO Randy Smallwood. "In addition, Wheaton took strategic steps forward by optimizing the portfolio, adding four new streams and making sector-leading commitments on the sustainability front. With one of the strongest balance sheets in the industry, we enter 2023 exceptionally well-positioned to deliver long-term shareholder value through the significant organic growth profile already embedded in the portfolio as well as through additional accretive acquisitions."
Published first on TheFly
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