Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) reported record financial results for the second quarter of 2026, with revenue climbing 85% year over year to $929 million. The company’s net earnings increased 86% to $543 million, and operating cash flow rose 57% to $650 million, reflecting strong operational performance and strategic acquisitions.
Attributable production increased 6% to 202,229 gold equivalent ounces (GEOs), driven by the acquisition of an expanded silver stream at Antamina and contributions from several growth assets. This production growth, coupled with higher commodity prices, fueled the record financial performance. The company also declared a quarterly dividend of $0.195 per share, increased its revolving credit facility to $2.5 billion, and ended the quarter with approximately $2.6 billion in available liquidity.
Wheaton maintained its 2026 production guidance of 860,000 to 940,000 GEOs and reaffirmed its long-term outlook for annual production to grow about 50% to 1.2 million GEOs by 2030. This growth is expected to be driven by a pipeline of development projects and ongoing expansions at existing assets.
During the quarter, the company expanded its portfolio through new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects. These agreements are part of Wheaton’s strategy to acquire high-quality, long-life assets that provide leverage to commodity prices while maintaining a lower risk profile than traditional mining.
Construction and development progress continued across multiple growth assets, including Platreef, Koné, Kurmuk, Mineral Park, and El Domo. These projects are expected to contribute to the company’s production growth in the coming years. Wheaton’s business model, which focuses on streaming and royalty agreements, allows it to deliver among the highest cash operating margins in the mining industry, supporting its competitive dividend and ability to pursue accretive acquisitions.
The company remains committed to strong environmental, social, and governance (ESG) practices and giving back to the communities where it and its mining partners operate. Wheaton’s sustainable value creation through streaming is a key differentiator in the sector.
The record results and strategic moves underscore Wheaton’s position as the world’s premier precious metals streaming company. With a high-quality portfolio of long-life, low-cost assets, the company is well-positioned to capitalize on commodity price appreciation and exploration upside while mitigating operational risks.
For more information, the full press release is available at https://ibn.fm/sOxPD. Latest news and updates relating to WPM are available in the company’s newsroom at https://ibn.fm/WPM.
