gold Wheaton Wheaton increases net earnings in Q3, announces dividend
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The company said that average cash costs in Q3 2022 were $439 per GEO as compared to $417 in Q3 2021, adding that this resulted in a cash operating margin of $1,137 per GEO sold, a decrease of 17% as compared with Q3 2021. "At Wheaton, we focus on building a sustainable company that provides investors with profitable, long-term exposure to precious metals. While inflationary pressures have impacted all sectors of the economy, especially mining, Wheaton has maintained cash operating margins of over 75% year to date, highlighting the strength of our streaming business model," commented President and CEO Randy Smallwood.
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