Wheaton Precious Metals Full Year 2023 Earnings: Beats Expectations

Wheaton Precious Metals (TSE:WPM) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.02b (down 4.6% from FY 2022).
• Net income: US$537.6m (down 20% from FY 2022).
• Profit margin: 53% (down from 63% in FY 2022). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.19 (down from US$1.48 in FY 2022).

WPM Production and Reserves

Gold

• Production: 374.58 troy koz (285.6 troy koz in FY 2022)
• Proved and probable reserves (ore): 2,228 Mt (1,761 Mt in FY 2022)
• Number of mines: 20 (19 in FY 2022)

Silver

• Production: 17,176 troy koz (23,800 troy koz in FY 2022)
• Proved and probable reserves (ore): 1,646 Mt (1,646 Mt in FY 2022)
• Number of mines: 18 (17 in FY 2022)

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wheaton Precious Metals Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.4%. Earnings per…