Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) reported third-quarter 2026 financial results, including revenue of $772 million, up 62% from $476 million in the prior-year period. Net earnings increased 12% to $410 million, or $0.90 per share, while adjusted net earnings rose 46% to $410 million. Operating cash flow increased 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, the company reported record revenue of $2.6 billion, net earnings of $1.5 billion and operating cash flow of $2.1 billion. Wheaton 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. The company also highlighted development milestones across its portfolio, including 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. To view the full press release, visit https://ibn.fm/O7sjt.
The significance of Wheaton’s quarterly performance extends beyond the headline numbers. The 62% revenue growth and 68% increase in operating cash flow demonstrate the inherent leverage of the streaming model to rising commodity prices, while the 13% production increase reflects the successful expansion of key assets. The record nine-month results, with revenue of $2.6 billion and net earnings of $1.5 billion, position the company to comfortably meet its full-year guidance. Moreover, the development milestones at Koné, Platreef, and Copper World signal tangible progress in growing the portfolio, which is critical for achieving the ambitious 2030 production target of 1.2 million gold equivalent ounces annually. These achievements reinforce Wheaton’s reputation as the premier precious metals streaming company with a high-quality, long-life asset base. For investors, the strong cash flow generation and debt reduction—evidenced by the $372 million repayment under the revolving credit facility—underscore the company’s financial discipline and ability to return capital through dividends. As the mining industry faces increasing scrutiny on ESG practices, Wheaton’s commitment to sustainable value creation through streaming partnerships further enhances its appeal. The latest updates are available in the company’s newsroom at https://ibn.fm/WPM, and detailed insights into the mining sector can be found on Rocks & Stocks, a specialized communications platform. As part of the Dynamic Brand Portfolio at IBN, Rocks & Stocks leverages InvestorWire for wire distribution and editorial syndication to 5,000+ outlets, ensuring that news like Wheaton’s reaches a broad audience of investors and industry stakeholders.
