Wheaton Precious Metals Reports Strong Q3 2026 Results Driven by Higher Gold Prices and Sales Volumes
Wheaton Precious Metals (WPM) reported robust third-quarter 2026 financial results, highlighted by a 62% increase in revenue to $772 million. This growth was primarily fueled by a 36% rise in realized gold equivalent prices and a 19% uptick in ounces sold. Net earnings reached $410 million, an 11.7% improvement over the previous year, while adjusted net earnings surged 46% due to expanded gross margins. The company's production profile benefited significantly from the addition of the BHP Antamina stream and increased output from assets like Fenix and Hemlo. Management confirmed that their 2026 production guidance remains on track following record performance in the first nine months of the year. Looking ahead, WPM maintains a long-term organic growth target of 1.2 million gold equivalent ounces by 2030.
Topics: gold production net earnings operating cash flow production guidance revenue growth