Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced record financial results for the first quarter of 2026, highlighting 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 stronger-than-expected performance to its operations at Salobo and Peñasquito, two key assets in its streaming portfolio.
During the quarter, Wheaton delivered 212,000 attributable gold equivalent ounces, a 22% increase from the same period last year. This growth in production underpinned the company's ability to generate substantial cash flow and enhance shareholder returns. The board of directors approved an 18% increase in the quarterly dividend to $0.195 per common share, reflecting confidence in the company's financial health and outlook.
Wheaton ended the quarter with a robust cash balance of $2.2 billion, providing flexibility to pursue growth opportunities. The company advanced its expansion strategy by entering into new streaming and royalty agreements in Peru, Australia, and Canada. These agreements are expected to further diversify Wheaton's portfolio and extend its asset life.
As the world's premier precious metals streaming company, Wheaton Precious Metals offers investors exposure to commodity prices and exploration upside with a lower risk profile compared to traditional mining companies. The business model generates high cash operating margins, enabling competitive dividends and accretive acquisitions. Wheaton is committed to strong environmental, social, and governance (ESG) practices and community engagement.
The record quarterly results underscore Wheaton's ability to deliver value through its streaming model, even as the mining industry faces operational challenges. The company's focus on long-life, low-cost assets positions it well for sustained performance. For more details, the full press release is available at https://ibn.fm/yYJ8m.
Investors can find the latest news and updates on Wheaton Precious Metals in the company's newsroom at https://ibn.fm/WPM.
