Loading ...Wheaton Precious Metals Announces Record Operating Cash Flow, Revenue and Sales Volumes in the First Nine Months of 2020
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THIRD QUARTER AND NINE MONTHS FINANCIAL RESULTS
VANCOUVER, BC , Nov. 9, 2020 /PRNewswire/ – Designated News Release – “Wheaton’s high-quality portfolio of assets generated nearly $230 million in operating cash flow in the third quarter alone, resulting in a record of over $555 million in the first nine months of 2020. Given Wheaton’s unique dividend policy, the strong cash flow in the quarter resulted in a 20% increase in our dividend,” said Randy Smallwood , President and Chief Executive Officer of Wheaton Precious Metals. “In addition, production in the third quarter rebounded strongly following temporary suspensions of some operations as a result of the COVID-19 pandemic in the prior quarter, and the Company is on track to meet the higher end of our guidance.”