Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) reported 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 operations.
During the quarter, Wheaton delivered 212,000 attributable gold equivalent ounces, a 22% increase from the prior-year period. The company also increased its quarterly dividend by 18% to $0.195 per common share, reflecting confidence in its financial position and outlook. Wheaton ended the quarter with a cash balance of $2.2 billion, providing significant liquidity for future growth.
The company continues to advance its growth strategy through new streaming and royalty agreements in Peru, Australia and Canada, expanding its already high-quality portfolio of long-life, low-cost assets. As the world's premier precious metals streaming company, Wheaton's 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, enabling it to pay a competitive dividend and pursue accretive acquisitions. The company is committed to strong ESG practices and giving back to the communities where it and its mining partners operate. For more details, the full press release is available at this link.
This announcement underscores Wheaton's ability to generate substantial cash flow and shareholder value even in a volatile commodity environment. The record results highlight the strength of its streaming model and the quality of its asset base. Investors and industry observers will note the increased dividend as a sign of management's confidence in sustained performance.
Wheaton Precious Metals creates sustainable value through streaming, and its first-quarter results demonstrate the effectiveness of this approach. With a strong balance sheet and a pipeline of growth projects, the company is well-positioned to continue delivering value to shareholders. For ongoing updates, the company's newsroom can be accessed at https://ibn.fm/WPM.
