R/€ = 15.54 Change: 0.10
R/$ = 13.86 Change: 0.08
Au 1427.92 $/oz Change: -11.24
Pt 849.88 $/oz Change: -5.56


Wheaton Precious Metals lifts second-quarter earnings

By: Creamer Media Reporter      15th August 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals has reported a 9% increase in adjusted net earnings and an 8% increase in cash flow from operations during the second quarter, on higher revenue as a result of more gold ounces being sold at a higher average price.... 

WPM hopeful of reaching CRA settlement deal; progress on new $500m+ contracts

By: Henry Lazenby     15th May 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reached out to the Canadian Revenue Agency (CRA) to try and reach a settlement, but to no avail yet, president and CEO Randy Smallwood told Mining Weekly Online in an interview on Monday. The Vancouver-based... 

Wheaton Precious Metals posts 20% dip in Q3 profit

By: Henry Lazenby     10th November 2017 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reported a 20% year-on-year drop in profit, as lower attributable production and lower metals prices weighed on the bottom line. For the three months ended September, the Vancouver-based company recorded net... 

Palladium price gains may prompt re-estimation of Monchetundra reserves

By: Mariaan Webb     26th September 2017 The soaring palladium price is boding well for the Monchetundra project, on the Kola Pensinsula of Russia, and has boosted the project’s in-situ value to about $2-billion, project owner Eurasia Mining reports. The company, which is listed on London’s Aim, said on Tuesday that it was considering a... 

Precious metals streaming pioneer Silver Wheaton morphs into Wheaton Precious Metals

By: Henry Lazenby     11th May 2017 Following its annual general meeting on Wednesday, shareholders elected to change the name of the pioneer of the precious metals streaming model, Silver Wheaton, to Wheaton Precious Metals. The change of name is effective immediately, and the company’s wholly owned subsidiary, Silver Wheaton... 

Silver Wheaton lifts bottom line 49% as streaming volumes jump

By: Henry Lazenby     10th May 2017 Canadian precious metals streaming firm Silver Wheaton has reported bumper profit for the first quarter ended March, as precious metals received in the period rose and prices increased. The Vancouver-based firm reported net earnings of $61-million, or $0.14 a share, compared with $41-million, or... 

Higher prices revive Capstone outlook for Minto mine

By: Henry Lazenby     27th April 2017 Vancouver-based base metals producer Capstone Mining believes that copper prices have risen and stabilised enough to warrant it keeping the Minto mine, in Canada’s Yukon Territory open until at least 2020, and perhaps beyond. The company has been threatening to close the mine because of low metal... 

Silver Wheaton board recommends name change as it rakes in record precious metals revenues

By: Henry Lazenby     22nd March 2017 The pioneer of the metals streaming mine financing model Silver Wheaton has proposed a name change to Wheaton Precious Metals, to better reflect the fact that an increasing proportion of its revenue is derived from gold. The Vancouver-based company on Tuesday said that, since 2013, it had seen a... 

Sandspring on the hunt for major minerals, partner in Guyana

By: Henry Lazenby     14th March 2017 Canada-listed project developer Sandspring Resources is firming up the resource base at the Toroparu gold project, in Guyana, with the focus on enticing a major partner to join the development of the nearly seven-million-ounce project. “We’ve got the backing of major mining investors such as... 

Silver Wheaton remains a unique offering in uncertain times 

By: Henry Lazenby     13th March 2017 As the tide turns in the resource investment space, a renewed focus on project development sees many juniors looking for cash to fund their project development goals. The world’s largest precious metals streaming firm Silver Wheaton believes it has the answer for the right junior firms: its early... 

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