Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced record first-quarter 2026 financial results, with revenue of $901 million, net earnings of $582 million, adjusted net earnings of $583 million and operating cash flow of $766 million. The company attributed the strong performance to better-than-expected results from its Salobo and Peñasquito streams.
Wheaton delivered 212,000 attributable gold equivalent ounces (GEOs) in the quarter, a 22% increase compared to the prior-year period. The company also increased its quarterly dividend by 18% to $0.195 per common share, reflecting confidence in its cash flow generation. At quarter-end, Wheaton held a cash balance of $2.2 billion, providing significant financial flexibility.
Beyond its financial results, Wheaton advanced its growth strategy through new streaming and royalty agreements in Peru, Australia and Canada. These acquisitions are expected to further diversify the company's portfolio and support long-term production growth. For more details on the press release, visit this link.
Wheaton Precious Metals is the world's premier precious metals streaming company, with a portfolio of long-life, low-cost assets. Its business model provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies. The company boasts among the highest cash operating margins in the mining industry, enabling it to pay a competitive dividend and pursue accretive acquisitions. Wheaton also emphasizes strong ESG practices and community engagement. For the latest news and updates on WPM, visit the company's newsroom at https://ibn.fm/WPM.
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