Wheaton exceeded production guidance for gold, silver and palladium by 5%, 9% and 41%, respectively.
Wheaton Precious Metals Mining News
The reassessments were related to income generated by Wheaton’s wholly-owned foreign subsidiaries operating outside of Canada.
Adjusted net earnings were $35 million, a 49% drop from $67 million in net earnings in the third quarter of 2017.
The Canadian streaming firm has bought all of Stillwater's gold production for the life of the mine and, initially, also 4.5% of its total palladium output.
Streaming deal involves production from Sibanye's Stillwater and East Boulder mines, located in Montana.
Vale agreement sets something of a price benchmark for long-term cobalt deals by showing what financial investors are willing to pay.
"We see numerous similarities between cobalt and silver."