Wheaton Precious Metals Reports Record First-Quarter Results, Driven by Strong Performance from Salobo and Peñasquito

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 the Salobo and Peñasquito mines.

The company delivered 212,000 attributable gold equivalent ounces during the quarter, a 22% increase from the prior-year period. This growth underscores the effectiveness of Wheaton's streaming business model, which provides leverage to commodity prices with lower risk than traditional mining. The company also increased its quarterly dividend by 18% to $0.195 per common share, reflecting confidence in its cash generation.

Wheaton ended the quarter with a cash balance of $2.2 billion, providing ample liquidity for future investments. The company has been actively expanding its portfolio, entering into new streaming and royalty agreements in Peru, Australia and Canada. These additions are expected to further diversify Wheaton's asset base and support long-term growth.

As the world's premier precious metals streaming company, Wheaton's high-quality portfolio of long-life, low-cost assets delivers among the highest cash operating margins in the mining industry. This enables the company to pay a competitive dividend and pursue accretive acquisitions. Wheaton is also committed to strong ESG practices and community engagement, creating sustainable value through its streaming operations.

The record results highlight the resilience of Wheaton's business model amid volatile commodity markets. Investors can find the latest news and updates on the company at https://ibn.fm/WPM. For the full press release, visit https://ibn.fm/yYJ8m.