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 company attributed the strong performance to better-than-expected output from its key streaming assets, including Salobo and Peñasquito.
During the quarter, Wheaton delivered 212,000 attributable gold equivalent ounces, a 22% increase compared to the same period last year. The company also increased its quarterly dividend by 18% to $0.195 per common share, reflecting confidence in its financial position and future cash flows. Wheaton ended the quarter with a cash balance of $2.2 billion, providing ample liquidity for further growth.
In addition to operational highlights, Wheaton advanced its growth pipeline through new streaming and royalty agreements in Peru, Australia and Canada. These transactions underscore the company's ability to source high-quality, long-life assets that complement its existing portfolio. Wheaton's business model, which provides leverage to commodity prices while mitigating operational risks, continues to deliver among the highest cash operating margins in the mining industry.
The company's strong ESG practices and commitment to community engagement remain integral to its strategy. Wheaton's streaming model inherently supports sustainable mining by providing upfront capital to operators in exchange for future precious metal deliveries, thereby reducing the environmental footprint compared to traditional mine financing.
Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, with a portfolio of long-life, low-cost assets. Its financial results highlight the resilience and profitability of its business model, even in a volatile commodity price environment. The record first-quarter performance positions the company well for continued dividend growth and accretive acquisitions.
For more details on the press release, visit https://ibn.fm/yYJ8m. For the latest news on Wheaton Precious Metals, visit the company's newsroom at https://ibn.fm/WPM.
