Wheaton Precious Metals increases cash flow 40%
Wheaton Precious Metals (NYSE:WPM) said yesterday it increased operating cash flow 40% to $151 million in Q2.
The streaming and royalty company released its financial results yesterday.
Net debt was reduced by $80 million resulting in a net debt position of $509 million.
Attributable gold equivalent production was 140,000 ounces in the second quarter compared to 166,399 during the same period a year ago. The decline was due to a temporary shutdown of various mines resulting from COVID-19.
Wheaton's gold equivalent ounce outlook was down slightly from 685,000 to 725,000 to a revised 655,000 to 685,000.