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 contributions from its streaming agreements at the Salobo and Peñasquito mines. Wheaton delivered 212,000 attributable gold equivalent ounces, a 22% increase from the prior-year period, and increased its quarterly dividend by 18% to $0.195 per common share. The company ended the quarter with a cash balance of $2.2 billion, positioning it well for future acquisitions and growth.
The record results underscore the strength of Wheaton's streaming business model, which provides exposure to precious metals prices with lower operational risk compared to traditional mining companies. The company's cash operating margins remain among the highest in the mining industry, enabling it to pay a competitive dividend while pursuing accretive acquisitions. During the quarter, Wheaton advanced its growth pipeline through new streaming and royalty agreements in Peru, Australia and Canada, details of which were disclosed in the full press release available at https://ibn.fm/yYJ8m.
The 22% increase in attributable gold equivalent ounces reflects the ramp-up of production at key assets and the successful integration of recent streaming deals. Wheaton's portfolio of long-life, low-cost assets provides stability and upside potential, even as commodity prices fluctuate. The company's strong cash position and debt-free balance sheet offer flexibility to capitalize on new opportunities in the streaming and royalty space.
Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, with a focus on sustainable value creation. The company emphasizes strong ESG practices and community engagement, as detailed in its corporate profile. For more information on Wheaton's latest news and updates, investors can visit the company's newsroom at https://ibn.fm/WPM.
The record quarterly results highlight the effectiveness of Wheaton's strategy in a favorable precious metals environment. With robust cash flows and a disciplined approach to capital allocation, the company is well-positioned to continue delivering shareholder value through dividends and growth initiatives.
