Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced record financial results for the second quarter of 2026, with revenue surging 85% year-over-year to $929 million, net earnings increasing 86% to $543 million, and operating cash flow rising 57% to $650 million. The company attributed the strong performance to its acquisition of an expanded silver stream at Antamina and contributions from several growth assets, which helped drive attributable production up 6% to 202,229 gold equivalent ounces (GEOs).
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. These results highlight Wheaton's ability to generate substantial cash flow and return value to shareholders, even as it continues to expand its portfolio.
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 supported by continued construction and development progress across multiple assets, including Platreef, Koné, Kurmuk, Mineral Park, and El Domo. During the quarter, the company also expanded its portfolio through new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects.
The record results and reaffirmed guidance underscore Wheaton's position as the world's premier precious metals streaming company, offering investors leverage to commodity prices with a lower risk profile than traditional mining companies. The company's business model delivers amongst the highest cash operating margins in the mining industry, enabling it to pay a competitive dividend and continue to grow through accretive acquisitions.
Wheaton's commitment to strong ESG practices and giving back to the communities where it operates remains a core part of its strategy, ensuring sustainable value creation through streaming. The company's latest news and updates are available in its newsroom at https://ibn.fm/WPM.
These results come at a time when the precious metals market is experiencing significant volatility, and Wheaton's ability to deliver record financial performance demonstrates the resilience and effectiveness of its streaming model. With a robust balance sheet and a clear growth trajectory, Wheaton is well-positioned to capitalize on future opportunities in the mining sector.
