- Wheaton Precious Metals released its Q1 results last week, reporting quarterly attributable production of ~190,400 gold-equivalent ounces.
- This figure was down 2% from the year-ago period due to a weaker quarter at Salobo, offset partially by higher palladium production and cobalt delivered from Voisey's Bay.
- Fortunately, higher metals prices bolstered what was only a satisfactory start to the year, with revenue up 27% year-over-year to ~$324 million.
- I continue to see Wheaton Precious Metals as a top-5 royalty/streaming name, and I would view pullbacks below $39.50 as low-risk buying opportunities.
For further details see:
Wheaton Precious Metals: Higher Metals Price Offset Softer Quarter Operationally