Wheaton says met low end of revised 2022 gold equivalent production guidance despite 'headwinds' gold Wheaton stream
- Wheaton Precious Metals announced today that in 2022, its gold equivalent production of 638,048 ounces met the low end of the revised guidance of between 640,000 and 680,000 gold equivalent ounces.
According to a press release, stronger than expected production at Antamina due to higher grades was offset by weaker than expected production from Salobo due to lower throughput and grades as a result of changes in maintenance routines and Stillwater due to lower throughput as a result of significant regional flooding that impacted operations primarily in the second half of the year.
The company’s annual average forecast production over the next five years of 810,000 gold equivalent ounces is expected to increase primarily due to anticipated continued production growth from Salobo, Stillwater, Constancia, Voisey's Bay and Marmato as well as incremental production ounces from Blackwater, Toroparu, Marathon, Rosemont and Santo Domingo towards the latter end of the forecast...
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