Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced record financial results for the first quarter of 2026, underscoring the company's robust performance and strategic growth. The company reported revenue of $901 million, net earnings of $582 million, adjusted net earnings of $583 million, and operating cash flow of $766 million, all of which set new records. These results were driven by stronger-than-expected contributions from the Salobo and Peñasquito mines, which are key assets in Wheaton's portfolio.
During the quarter, Wheaton delivered 212,000 attributable gold equivalent ounces, a 22% increase compared to the same period last year. This growth reflects the company's ability to capitalize on its streaming agreements and the operational success of its partners. In response to the strong performance, Wheaton increased its quarterly dividend by 18% to $0.195 per common share, demonstrating its commitment to returning value to shareholders.
The company ended the quarter with a substantial cash balance of $2.2 billion, providing ample liquidity for future investments. Wheaton also advanced its growth strategy by entering into new streaming and royalty agreements in Peru, Australia, and Canada. These agreements are expected to enhance the company's already high-quality portfolio of long-life, low-cost assets.
Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, offering investors leverage to commodity prices and exploration upside with a lower risk profile than traditional mining companies. The company's business model delivers among the highest cash operating margins in the mining industry, enabling competitive dividends and accretive acquisitions. Wheaton is also committed to strong environmental, social, and governance (ESG) practices, giving back to the communities where it and its mining partners operate.
For more details on the press release, visit this link. The latest news and updates regarding Wheaton Precious Metals are available in the company's newsroom at this page.
