Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) has announced record financial results for the second quarter of 2026, underscoring the company's robust performance and strategic growth initiatives. Revenue surged 85% year-over-year to $929 million, while net earnings climbed 86% to $543 million. Operating cash flow also saw a significant increase, rising 57% to $650 million. These record figures reflect the company's successful expansion and operational efficiency.
Attributable production increased by 6% to 202,229 gold equivalent ounces (GEOs), driven primarily by the acquisition of an expanded silver stream at Antamina and contributions from several growth assets. This production growth is a key indicator of Wheaton's ability to enhance its portfolio and deliver value to shareholders. The company 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, demonstrating strong financial health and flexibility.
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 ambitious target is supported by a series of new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects. The company also reported continued construction and development progress across multiple growth assets, including Platreef, Koné, Kurmuk, Mineral Park, and El Domo. These projects are expected to contribute significantly to future production and revenue streams.
The record second-quarter results highlight the effectiveness of Wheaton's business model, which offers investors leverage to commodity prices and exploration upside with a lower risk profile than traditional mining companies. Wheaton's high cash operating margins enable it to pay a competitive dividend and continue to grow through accretive acquisitions. The company remains committed to strong ESG practices and giving back to the communities where it and its mining partners operate, ensuring sustainable value creation.
For more details on the full press release, visit https://ibn.fm/sOxPD. The latest news and updates relating to WPM are available in the company’s newsroom at https://ibn.fm/WPM.
