On Tuesday February 20, 2024, Wheaton Precious Metals Announced 2023 Production And Sales Results; Says Production Is Forecast To Increase By ~40% Over The Next Five Years To Over 800,000 GEOs By 2028
Portfolio Pulse from Benzinga Newsdesk
Wheaton Precious Metals announced its 2023 production and sales results, meeting its annual production guidance and forecasting a 40% increase in production over the next five years to over 800,000 GEOs by 2028. The company highlighted strong performances from Salobo and Constancia, expansion of its portfolio with eight development assets, and adjustments in commodity price assumptions for 2024. Wheaton anticipates growth from operating and development projects, with significant increases in production expected from 2029 to 2033.
February 21, 2024 | 3:16 pm
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Wheaton Precious Metals announced meeting its 2023 production guidance and forecasts a significant production increase over the next decade, with a focus on diversified, high-quality, low-cost assets and strategic positioning for long-term precious metals exposure.
Meeting the 2023 production guidance and projecting a substantial increase in production over the next five years positions Wheaton Precious Metals favorably in the market. The company's strategic expansion and positive outlook, despite the adjustments in commodity price assumptions, suggest a strong growth trajectory. This news is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term.
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