Wheaton Precious Metals, (TSE: WPM) one of the largest precious metals streaming companies in the world, announced record gold production and sales in 2018 and declared a $0.09 per share first quarter dividend for 2019 on Wednesday.<\/p>\n
In the fourth quarter of 2018, Wheaton generated almost\u00a0$110 million\u00a0in operating cash flow, bringing total operating cash flow for the year to over\u00a0$475 million, founded on production of over 370,000 ounces of gold, 24 million ounces of silver and 14 thousand ounces of palladium, all in excess of the company’s guidance.<\/p>\n
Wheaton exceeded production guidance for gold, silver and palladium by 5%, 9% and 41%, respectively, and annual gold production and sales in 2018 represented a record for the company, Wheaton said in a media statement.<\/a><\/p>\n Wheaton’s estimated attributable production in 2019 is forecast to be 365,000 ounces of gold, 24.5 million ounces of silver and 22,000 ounces of palladium, resulting in gold equivalent production\u00a0<\/sup>of about 690,000 ounces.<\/p>\n For the five-year period ending in 2023, the company estimates that average, annual gold equivalent production will amount to 750,000 ounces.<\/p>\n The post Wheaton Precious Metals exceeds 2018 production guidance, declares dividend<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Wheaton exceeded production guidance for gold, silver and palladium by 5%, 9% and 41%, respectively. <\/p>\n The post Wheaton Precious Metals exceeds 2018 production guidance, declares dividend<\/a> 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