Wheaton Precious Metals Corp

Record Financial Performance: Wheaton Precious Metals achieved record revenue of $1.3 billion in 2024, marking a 26% increase year-over-year. Adjusted net earnings reached a record $640 million, a 20% increase compared to 2023, primarily driven by a 20% rise in realized commodity prices and a 5% increase in sales volumes. This performance underscores the company's robust financial health despite a challenging inflationary environment.

Production Growth Forecast: The company reported annual production of 635,000 gold equivalent ounces (GEOs) in 2024, exceeding production guidance by 9%. Looking forward, Wheaton projects production growth of approximately 40% over the next five years, targeting 870,000 GEOs by 2029, fueled by several development projects expected to commence in 2025, including Artemis Gold's Blackwater and Ivanhoe's Platreef projects.

Dividend Increase: Wheaton announced a 6.5% increase in its quarterly dividend to 16.5 cents per share, reflecting a commitment to returning value to shareholders as the payout ratio remains one of the highest in the precious metals sector. The company has returned over $2.3 billion in dividends since inception, emphasizing its focus on shareholder returns.