Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) reported third-quarter 2026 financial results, highlighted by revenue of $772 million, a 62% increase from $476 million in the prior-year period. The company also saw net earnings rise 12% to $410 million, or $0.90 per share, while adjusted net earnings increased 46% to $410 million. Operating cash flow grew 68% to $645 million, driven primarily by higher gross margins.
Attributable gold equivalent production increased 13% year over year to approximately 231,000 ounces, supported by the expanded silver stream at Antamina and contributions from additional operating assets. For the first nine months of 2026, Wheaton reported record revenue of $2.6 billion, net earnings of $1.5 billion, and operating cash flow of $2.1 billion. The company maintained its 2026 production guidance of 860,000 to 940,000 gold equivalent ounces and its forecast of approximately 1.2 million ounces annually by 2030.
Development milestones across the portfolio included the first gold pour at the Koné project, initial deliveries from Platreef, and construction approval for Copper World. Wheaton ended the quarter with $146 million in cash and $1.6 billion in outstanding debt, having repaid $372 million under its revolving credit facility during the period. The full press release is available at https://ibn.fm/O7sjt.
The strong results underscore Wheaton’s position as the world’s premier precious metals streaming company, with a high-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside with a lower risk profile than traditional mining companies. Wheaton delivers among the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and grow through accretive acquisitions. The company is committed to strong ESG practices and creating sustainable value through streaming.
For investors, the quarterly performance may signal robust demand for precious metals streaming and efficient capital allocation. The production growth and development milestones could enhance Wheaton’s long-term cash flow potential. The latest news and updates relating to WPM are available in the company’s newsroom at https://ibn.fm/WPM.
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