Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) reported record financial results for the second quarter of 2026, with revenue surging 85% year-over-year to $929 million, net earnings increasing 86% to $543 million, and operating cash flow rising 57% to $650 million. The company's attributable production increased 6% to 202,229 gold equivalent ounces (GEOs), fueled 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 Precious Metals 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.
During the quarter, the company expanded its portfolio through new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects. Additionally, construction and development progress continued across multiple growth assets, including Platreef, Koné, Kurmuk, Mineral Park, and El Domo.
These record results underscore the strength of Wheaton's streaming business model, which provides investors with leverage to commodity prices and exploration upside while maintaining a lower risk profile than traditional mining companies. The company's high cash operating margins enable it to pay a competitive dividend and pursue accretive acquisitions, positioning it for sustained growth.
The company's strong performance and outlook are significant for investors and the mining industry, as they highlight the viability of streaming as a profitable and lower-risk investment vehicle. Wheaton's ability to grow production and cash flow despite market volatility demonstrates the resilience of its portfolio and management strategy.
For more details on the full press release, visit https://ibn.fm/sOxPD. To access the latest news and updates regarding WPM, see the company's newsroom at https://ibn.fm/WPM.
