Wheaton Precious Metals Corp. (NYSE:WPM) Q3 2024 Earnings Conference Call November 8, 2024 11:00 AM ET

Company Participants

Emma Murray - Vice President of Investor Relations
Randy Smallwood - President and Chief Executive Officer
Gary Brown - Senior Vice President and Chief Financial Officer
Haytham Hodaly - Senior Vice President, Corporate Development
Wesley Carson - Vice President, Mining Operations

Conference Call Participants

Ralph Profiti - Eight Capital
Tanya Jakusconek - Scotia Bank
Lawson Winder - Bank of America
Will Dalby - Berenberg
Carey MacRury - Canaccord Genuity

Operator

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Wheaton Precious Metals 2024 Third Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] I would like to remind everyone that this conference call is being recorded on Friday, November 8, 2024 at 11:00 A.M. Eastern Time.

I will now turn the conference over to Ms. Emma Murray, Vice President of Investor Relations. Please go ahead.

Emma Murray

Thank you, operator. Good morning, ladies and gentlemen and thank you for participating in today's call. I'm joined today by Randy Smallwood, Wheaton’s President and Chief Executive Officer; Gary Brown, Senior Vice President and Chief Financial Officer; Haytham Hodaly, Senior Vice President, Corporate Development; and Wes Carson, Vice President, Mining Operations.

Please note for those not currently on the webcast, a slide presentation accompanying this conference call is available in PDF format on the presentations page of our website. Some of the commentary on today's call may contain forward-looking statements, and I would direct everyone to review Slide 2 of the presentation, which contains important cautionary notes. It should be noted that all figures referred to on today's call are in U.S. dollars unless otherwise noted.

With that, I'd like to turn the call over to Randy Smallwood, our President and Chief Executive Officer.

Randy Smallwood

Thank you, Emma, and good morning, everyone. Thank you for joining us today to discuss Wheaton's third quarter results of 2024. I am pleased to announce that our portfolio of long-life, low cost assets delivered another robust quarter, generating record quarterly operating cash flows of $254 million and underscoring the effectiveness of our business model in leveraging rising commodity prices, while maintaining strong cash operating margins. The company has produced approximately 450,000 gold equivalent ounces year-to-date and we are well on track to achieve our 2024 production guidance of $550 million to 620,000 gold equivalent ounces.