Wheaton Annual Production Is Forecast To Increase By ~40% To Over 800K GEOs By 2028, With Average Annual Production Forecast To Grow To Over 850K GEOs In Years 2029-2033, Also Unchanged From Previous Guidance
Portfolio Pulse from Benzinga Newsdesk
Wheaton Precious Metals Corp. (WPM) forecasts a significant increase in annual production, expecting a ~40% rise to over 800K GEOs by 2028, and maintaining an average annual production of over 850K GEOs from 2029 to 2033, in line with previous guidance. The 2024 production outlook remains unchanged, with an estimated 550K to 620K GEOs.
May 09, 2024 | 10:17 pm
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Wheaton Precious Metals Corp. (WPM) anticipates a significant production increase, projecting over 800K GEOs by 2028 and maintaining over 850K GEOs annually from 2029 to 2033, aligning with prior guidance.
The announcement of a significant increase in production over the next decade is likely to be viewed positively by investors, as it indicates potential for increased revenue and profitability. The confirmation that these projections are in line with previous guidance may also reassure investors about the company's stability and reliability in meeting its long-term goals.
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