Wheaton Precious Metals Corp (WPM) Q4 2024 earnings call Highlights: record income and …

• Revenue: Record district sales of $ 381 million, an increase of 21% compared to the previous year.

• Gross marge: 247 million US dollars, an increase of 40% compared to the comparable period of the previous year.

• Net income: 88 million US dollars, affected by a reduction fee of 109 million US dollars.

• Adapted net income: 199 million US dollars, a quarterly record with an adjusted profit per share of $ 0.44, an increase of 21% compared to the previous year.

• Annual turnover for 2024: Approx. 1.3 billion US dollars, an increase of 26%, which corresponds to a company record.

• Annual gross margin for 2024: Rose by 229 million US dollars to 803 million US dollars.

• Annual adjusted net income for 2024: Rose by 20% to $ 640 million.

• Operating cash flow: Recorded cash flow from the business of USD 319 million, an increase of 30% in the fourth quarter of 2023.

• Dividend: Rose by 6.5% to $ 0.165 per share, with over $ 280 million distributed in 2024.

• Gold equivalent -souls (geos) production: 635,000 geos for 2024, about the annual instructions.

• Sales volume: 143,000 geos, a decline of 8% compared to the fourth quarter of 2023.

• General and administrative costs: 10.5 million USD for the fourth quarter of 2024, with a total of 40.7 million US dollars annually.

• Cash and cash equivalent: 818 million US dollars on December 31, 2024.

Appearance date: March 14, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Wheaton Precious Metals Corp (NYSE: WPM) achieved record income, adjusted net profit and operational cash flows in 2024.

• The annual production exceeded the top guide with 635,000 gold equivalents produced.

• The company announced an increase in the quarterly dividend by 6.5% and claimed a leading distribution rate in the industry.

• Wheaton Precious Metals Corp (NYSE: WPM) was recognized as one of the 2025 global 100 sustainable companies and received an AAA -SG rating from MSCI.

• The company has a strong growth forecast and expects an annual production to be increased by 40% to 870,000 gold equivalence tunes by 2029.

• Wheaton Precious Metals Corp (NYSE: WPM) recognized a reduction fee of 109 million US dollars due to a decline in market cobalt prices.

• Gold production at Constancia took back in the fourth quarter of 2024 due to lower gold classes.

• The co-production production in Penasquito is expected to lose weight in the lower silver class areas in 2025 as a mining.

• The general and administrative expenses are expected to increase to 50 to 55 million US dollars in 2025, compared to $ 40.7 million in 2024.

• The company faces challenges with the timing and the accumulation of new projects that could affect production forecasts.