Wheaton dips toe with cobalt stream

By Kitco News / May 05, 2021 / www.kitco.com / Article Link

May 07, 2021 Guest(s): Randy Smallwood

Wheaton Precious Metals affirmed that the company is primarily a precious metal business despite announcing first production from a cobalt stream from Voisey's Bay.
CEO Randy Smallwood spoke to Kitco on Friday. The cobalt deal was first announced in 2018.
The company's Q1 was Thursday. Wheaton's revenue was $324 million in the first quarter of 2021, representing a 27% increase from the first quarter of 2020 due primarily to an equivalent increase in the average realized gold price. The company affirmed year-end guidance.

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