The Vancouver-based valuable metals streaming chief reported adjusted per-share earnings of 29.3c per share, down from 33.3 cents a 12 months earlier, and lacking common analyst earnings estimates for 31c per share.
Wheaton reported a 2.8% year-on-year drop in quarterly income to $278.2 million, impacted by the diminished quantity of gold gross sales.
Nonetheless, the annual manufacturing determine got here in barely above the midpoint of yearly steering at an attributable 752,958 gold equal ounces (GEOs). That determine interprets to 342,546 oz. of gold and 26 million oz. of silver.
“Wheaton generated document annual income and working money move in 2021 as our diversified portfolio of high-quality, long-life belongings delivered sturdy outcomes,” mentioned Smallwood. “We’re pleased with the worth we may return to our shareholders, ensuing from our record-setting efficiency. Whole dividends paid in 2021 elevated by over 35% from 2020.”
WPM additionally remained centered on accretive progress and added 5 new streams to its portfolio over the previous three months alone.
“This extra progress is instantly obvious in our ten-year manufacturing forecast, the place we see annual manufacturing climbing to effectively over 900,000 GEOs,” mentioned Smallwood.
“Along with our monetary and company improvement successes in 2021, Wheaton additionally made important strides in bolstering our sustainability efforts whereas persevering with to assist group packages round our workplaces and mining companions’ websites.
“We considerably strengthened our insurance policies and disclosure round our environmental, social and governance technique, together with aligning our strategy with the newest local weather science to achieve net-zero carbon emissions by 2050.”
WPM reiterated its 2022 manufacturing steering of between 350,000 to 380,000 oz. gold, and between 23 to 25 million oz. silver. The five-year steering by way of to 2026 stands at 850,000 GEOs, and over the 10-year body, the goal is to attain an annual output of 910,000 GEOs.
Smallwood mentioned the strategic objective is to breach the million-ounce degree sometime, thereby consolidating the corporate’s place as the worldwide chief in offering different financing for useful resource builders.
At press time, WPM shares final traded down about 2.56% at $47.87 in New York, giving it a market capitalization of about $21.74 billion (C$27.63 billion).