Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced record financial results for the second quarter of 2026, with revenue surging 85% year-over-year to $929 million, net earnings up 86% to $543 million, and operating cash flow increasing 57% to $650 million. These figures underscore the company's strong performance and strategic positioning in the precious metals streaming sector.
Attributable production rose 6% to 202,229 gold equivalent ounces (GEOs), driven by the acquisition of an expanded silver stream at Antamina and contributions from several growth assets. 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.
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 growth is supported by a robust pipeline of expansion projects, including Platreef, Koné, Kurmuk, Mineral Park, and El Domo, all of which are making continued construction and development progress.
During the quarter, the company expanded its portfolio through new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects. These additions align with Wheaton's strategy of acquiring high-quality, long-life assets that provide leverage to commodity prices with lower risk than traditional mining operations.
The record results highlight the effectiveness of Wheaton's business model, which delivers amongst the highest cash operating margins in the mining industry. This financial strength allows the company to pay a competitive dividend and continue to grow through accretive acquisitions, creating sustainable value for shareholders.
Wheaton's commitment to strong ESG practices and community engagement remains a cornerstone of its operations. The company is dedicated to giving back to the communities where it and its mining partners operate, ensuring that growth is responsible and sustainable.
For more details on the quarter's results, the full press release is available at https://ibn.fm/sOxPD.
