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 strong performance was driven by better-than-expected results from the Salobo and Peñasquito mines. The company delivered 212,000 attributable gold equivalent ounces, a 22% increase from the prior-year period. As a result of the robust financial performance, Wheaton increased its quarterly dividend by 18% to $0.195 per common share and ended the quarter with a cash balance of $2.2 billion.
The record results underscore the strength of Wheaton's streaming business model, which provides exposure to precious metals prices with lower risk than traditional mining. The company continues to expand its portfolio through new streaming and royalty agreements in Peru, Australia, and Canada. These acquisitions are expected to contribute to future growth and cash flow generation.
Wheaton Precious Metals is the world's premier precious metals streaming company, known for its high-quality portfolio of long-life, low-cost assets. The company's business model offers investors leverage to commodity prices and exploration upside while maintaining a lower risk profile compared to traditional mining companies. Wheaton consistently generates 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 environmental, social, and governance (ESG) practices and giving back to the communities where it and its mining partners operate. Wheaton creates sustainable value through streaming, a model that allows it to finance mining projects in exchange for the right to purchase a portion of their future production at a fixed price.
For more details, the full press release is available at https://ibn.fm/yYJ8m. The latest news and updates relating to WPM can be found in the company's newsroom at https://ibn.fm/WPM.
