Wheaton Precious Metals reported recorded quarterly revenues in a Q1 trading update announced today. The Group recorded revenues of $324m during the first three months of 2021. The dividend was hiked to $0.14 per common share representing the third quarterly dividend increase in a row and a 40% increase relative to Q1 2020.

CEO Randy Smallwood commented; “Wheaton’s first quarter results illustrate the strength and growth profile of our diversified, high-quality portfolio with record revenue achieved and over $230 million in operating cash flow generated. As a result of these strong results, we have increased our dividend for the third quarter in a row and now have net cash on the balance sheet, which we will look to deploy to further grow our sector-leading portfolio…”

News in full

In the interview below CEO Randy Smallwood provides an overview of the business and his view on the precious metals market