Quarterly ResultMay 7, 2026, 05:27 PM
Wheaton Precious Metals Reports Record Q1 Revenue of $901M
AI Summary
Wheaton Precious Metals reported record financial performance for the first quarter of 2026, driven by strong production and higher realized prices. The company achieved record revenue, net earnings, and operating cash flow, alongside an 18% increase in its quarterly dividend. Strategic growth was highlighted by the completion of its largest streaming transaction to date at Antamina and new agreements in Australia and with Spanish Mountain Gold, while Haytham Hodaly transitioned to President and CEO.
Key Highlights
- Record Q1 2026 revenue of $901 million, up 91.6% from Q1 2025.
- Record Q1 2026 net earnings of $582 million, up 129.2% from Q1 2025.
- Record Q1 2026 operating cash flow of $766 million, up 112.3% from Q1 2025.
- Declared quarterly dividend of $0.195 per share, an 18% increase from Q1 2025.
- Attributable gold equivalent production increased 22% to 212,000 ounces.
- Completed largest streaming transaction at Antamina for $4.3 billion.
- Entered new streaming/royalty agreements for Jervois ($275M) and Spanish Mountain ($55M).
- Haytham Hodaly assumed CEO role effective March 31, 2026.