Wheaton Precious Metals gives FY17 production guidance
Wheaton Precious Metals' estimated attributable silver and gold production in 2017 is forecast to be 28M silver ounces and 340,000 gold ounces. Estimated average annual attributable silver and gold production over the next five years is anticipated to be approximately 29M silver ounces and 340,000 gold ounces per year. As a reminder, Wheaton Precious Metals does not include any production from Barrick's Pascua-Lama project or Hudbay's Rosemont project in its guidance. From a liquidity perspective, the $77M of cash and cash equivalents as at June 30, combined with the liquidity provided by the available credit under the $2B Revolving Facility and ongoing operating cash flows positions the company well to fund all outstanding commitments and known contingencies as well as providing flexibility to acquire additional accretive precious metal stream interests.