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Originally named Silver Wheaton, the company changed its name to Wheaton Precious Metals on May 10, 2017. [8] In 2016, the company reported attributable production totaling 30.4 million ounces of silver and 353,700 ounces of gold, with net earnings of US$195 million on operating cash flows of $584 million. [9]
Silver and gold streamer Wheaton Precious Metals is a better choice than a gold miner or a precious metals ETF.
Wheaton's (WPM) top line benefits from increased average realized gold equivalent price and higher number of gold equivalent ounces sold in Q2.
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This list of bullion dealers includes notable companies and organizations that deal in precious metals, such as gold and silver. This list is incomplete ; you can help by adding missing items . ( September 2014 )
With five operating mines across Europe in 2008, the company was producing over 150,000 tonnes of zinc, 90,000 tonnes of copper and 8,000 tonnes of nickel annually. The silver being produced by the mines was attributed to Wheaton Precious Metals based on precious metals streaming contracts.
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“Precious metals don’t pay interest or dividends, so the only way you’re going to profit is if the price goes up,” says Greg McBride, Bankrate’s chief financial analyst.