Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced record financial results for the second quarter of 2026, with revenue soaring 85% year-over-year to $929 million, net earnings jumping 86% to $543 million, and operating cash flow climbing 57% to $650 million. The company attributed the surge to higher production and the successful acquisition of an expanded silver stream at Antamina, which contributed to a 6% increase in attributable production to 202,229 gold equivalent ounces (GEOs).
The company also declared a quarterly dividend of $0.195 per share and increased its revolving credit facility to $2.5 billion, ending the quarter with approximately $2.6 billion in available liquidity. This financial strength underscores Wheaton's ability to fund growth initiatives and return capital to shareholders, a key differentiator in the precious metals streaming sector.
Wheaton maintained its 2026 production guidance of 860,000 to 940,000 GEOs and reaffirmed its long-term target of growing annual production by about 50% to 1.2 million GEOs by 2030. This ambitious outlook is supported by the company's continued expansion through new streaming and royalty agreements covering the Jervois, Spanish Mountain, and Cipango projects, as well as ongoing development progress across key growth assets including Platreef, Koné, Kurmuk, Mineral Park, and El Domo.
The record results highlight the resilience and profitability of Wheaton's business model, which provides investors with exposure to commodity prices and exploration upside while mitigating the operational risks associated with traditional mining. With among the highest cash operating margins in the industry, Wheaton is well-positioned to sustain its competitive dividend and pursue accretive acquisitions.
The company's strong performance comes amid a favorable precious metals environment, and its strategic investments in diverse projects worldwide are expected to drive significant production growth in the coming years. The expansion of the revolving credit facility and robust liquidity provide a solid foundation for executing its growth pipeline.
For investors, these results signal confidence in Wheaton's ability to deliver long-term value through a diversified portfolio of long-life, low-cost assets. The company's commitment to strong ESG practices and community engagement further enhances its appeal as a sustainable investment option.
As Wheaton continues to execute its growth strategy, the company remains focused on maximizing shareholder returns while maintaining financial flexibility. The record second-quarter performance is a testament to the effectiveness of its streaming model and its disciplined approach to capital allocation.
For more details on the full press release, visit https://ibn.fm/sOxPD.
