Business
Wheaton Precious Metals Announces Record Revenue, Earnings and Cash Flow for the First Quarter of 2026
FIRST QUARTER FINANCIAL RESULTS VANCOUVER, BC, May 7, 2026 /CNW/ - "Wheaton delivered a strong start to 2026, with Salobo and Peñasquito outperforming
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":" FIRST QUARTER FINANCIAL RESULTS VANCOUVER, BC, May 7, 2026 /CNW/ - \"Wheaton delivered a strong start to 2026, with Salobo and Peñasquito outperforming expectations and contributing to record quarterly revenue, earnings and cash flow,\" said Haytham Hodaly, President and Chief Executive Officer of Wheaton Precious Metals. \"During the first quarter, we announced our largest streaming transaction to date at Antamina in partnership with BHP and subsequently entered into our first streaming agreement in Australia with KGL Resources. These transactions expand our geographic footprint and broaden our counterparty base, while further demonstrating the flexibility of the streaming model as a means of unlocking value from non-core precious metals. Supported by a high-quality operating asset base and an industry-leading growth profile, Wheaton is well positioned to continue pursuing accretive growth and delivering long-term value for all stakeholders.\" Record Financial Performance and Strong Balance Sheet First quarter of 2026: A record $901 million in revenue, a record $582 million in net earnings, a record $583 million in adjusted net earnings, and a record $766 million in operating cash flow. Declared a quarterly dividend1 of $0.195 per common share, an 18% increase from Q1 2025. Balance Sheet: Cash balance of $2.2 billion. High Quality Asset Base Streaming and royalty agreements on 22 operating mines and 26 development and other projects5. 80% of attributable production from assets in the lowest half of their respective cost curves2,4. Delivered attributable gold equivalent production3 (\"GEOs\") of 212,000 ounces in the first quarter of 2026, a 22% increase relative to the comparable period of the prior year primarily due to increased production from Peñasquito, Antamina and Blackwater coupled with the recommencement of production at Aljustrel. Further de-risking of industry leading forecast growth profile with advancement of construction activities at a number of projects, including Mineral Park, Platreef, Fenix, El Domo, Kurmuk, and Koné. Received first deliveries related to the Hemlo, Fenix and Mineral Park precious metals purchase agreements (\"PMPAs\"). On February 16, 2026, the Company entered into the previously announced PMPA with BHP Group Limited (\"BHP\") for their 33.75% portion of the silver produc...