Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) has 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 a 6% increase in attributable production to 202,229 gold equivalent ounces (GEOs), driven by the acquisition of an expanded silver stream at Antamina and contributions from several growth assets. These results underscore the effectiveness of Wheaton's streaming business model, which provides investors with leverage to commodity prices while mitigating the risks associated with traditional mining operations.
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. This financial strength positions Wheaton to continue its growth trajectory and pursue accretive acquisitions.
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. During the quarter, the company expanded its portfolio through new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects, while reporting continued construction and development progress across multiple growth assets, including Platreef, Koné, Kurmuk, Mineral Park, and El Domo. These developments are expected to contribute significantly to future production growth.
The record results and reaffirmed guidance are important for investors and the mining industry as they demonstrate the resilience and profitability of the streaming model even in a volatile commodity market. Wheaton's ability to generate high cash operating margins, pay a competitive dividend, and continue expanding its portfolio positions it as a leader in the precious metals streaming sector. The company's commitment to strong ESG practices and community engagement further enhances its appeal to socially conscious investors.
For more details on the full press release, visit https://ibn.fm/sOxPD. Information about Wheaton Precious Metals can be found in the company's newsroom at https://ibn.fm/WPM.
