Wheaton Precious Metals Reports Record Q1 Results Driven by Strong Performance from Salobo and Peñasquito

Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) reported record financial results for the first quarter of 2026, with revenue reaching $901 million, net earnings of $582 million, adjusted net earnings of $583 million, and operating cash flow of $766 million. The company attributed the strong performance to better-than-expected output from the Salobo and Peñasquito mines, which are part of its streaming portfolio.

The company delivered 212,000 attributable gold equivalent ounces, a 22% increase compared to the same period last year. This growth underscores Wheaton’s ability to generate substantial cash flows from its streaming agreements, which provide leverage to commodity prices while mitigating the operational risks associated with traditional mining.

In addition to the strong operational results, Wheaton announced an 18% increase in its quarterly dividend, raising it to $0.195 per common share. The company ended the quarter with a cash balance of $2.2 billion, providing ample liquidity for future investments and shareholder returns. Wheaton also advanced its growth strategy by entering into new streaming and royalty agreements in Peru, Australia, and Canada, further diversifying its asset base.

Wheaton Precious Metals is recognized as the world’s premier precious metals streaming company, with a portfolio of long-life, low-cost assets. Its business model offers investors exposure 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.

The record first-quarter results highlight the resilience and profitability of Wheaton’s streaming model, even amid fluctuating commodity prices. The company’s strong cash generation positions it well to continue its growth trajectory and reward shareholders. For more details, the full press release is available at https://ibn.fm/yYJ8m.

Wheaton’s commitment to strong ESG practices and community engagement remains a cornerstone of its operations, ensuring sustainable value creation through streaming. The company’s latest news and updates can be found in its newsroom at https://ibn.fm/WPM.

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