- Wheaton Precious Metals released its Q4 and FY2020 preliminary results last week, reporting annual attributable production of 672,600~ gold-equivalent ounces.
- Despite what was a very difficult year due to disruptions at its partner's mines, the company finished the year strong, with quarterly attributable production of more than 178,000 gold-equivalent ounces.
- Given deals completed during the year and the addition of Alexco's Keno Hill, Wheaton has provided strong production guidance for FY2021, representing 7% growth from FY2019 levels at the midpoint.
- I continue to see fair value for Wheaton Precious Metals closer to $50.00 given its strong earnings growth and high-margin business, and I would view any pullbacks below $38.00 as low-risk buying opportunities.
For further details see:
Wheaton Precious Metals: A Strong Finish To FY2020