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 Salobo and Peñasquito streaming agreements.
The Vancouver-based precious metals streaming company delivered 212,000 attributable gold equivalent ounces (GEOs) in the quarter, a 22% increase compared to the same period last year. This growth allowed Wheaton to increase its quarterly dividend by 18% to $0.195 per common share. The company ended the quarter with a robust cash balance of $2.2 billion.
Wheaton also advanced its growth profile by entering into new streaming and royalty agreements in Peru, Australia and Canada. The company's business model, which provides exposure to commodity prices and exploration upside with lower risk than traditional mining, continues to generate high cash operating margins.
For more details, visit the full press release at https://ibn.fm/yYJ8m.
Wheaton Precious Metals is recognized as the world's premier precious metals streaming company, with a portfolio of long-life, low-cost assets. The company's strategy focuses on sustainable value creation through streaming, which allows it to pay competitive dividends and pursue accretive acquisitions. Wheaton also emphasizes strong ESG practices and community support.
As the mining industry navigates volatile commodity prices, Wheaton's record results underscore the resilience and profitability of its streaming model. The increased dividend and cash position signal confidence in future cash flows, while new agreements expand its geographic diversification. Investors can monitor the company's newsroom at https://ibn.fm/WPM for further updates.
