#Sustainability #Canada #Vancouver #Financial Performance #Wheaton Precious Metals

Wheaton Precious Metals Achieves Historic First Quarter Performance in 2026

Wheaton Precious Metals Corp., a leading precious metals streaming company, recently announced impressive first-quarter results for 2026, signaling a robust start to the year. The company's revenue soared to an unprecedented $901 million, a staggering 91.6% increase from the previous year's $470 million. This performance was largely driven by the exceptional output from its key mining assets, namely Salobo and Peñasquito, which outpaced initial expectations and significantly contributed to Wheaton's record financial metrics.

Financial Highlights

Wheaton's first-quarter metrics were nothing short of extraordinary:

• - Record Net Earnings: The company reported net earnings of $582 million, an increase of 129.2% compared to $254 million in Q1 2025.
• - Adjusted Net Earnings: Adjusted net earnings also hit a record high of $583 million.
• - Operating Cash Flow: Wheaton achieved an operating cash flow of $766 million, marking a significant 112.3% increase from the same period last year. This reflects Wheaton's ability to convert revenues into cash efficiently.
• - Dividend Increase: The board declared a quarterly dividend of $0.195 per common share, representing an 18% hike from Q1 2025, reflecting Wheaton's commitment to returning value to shareholders.

Robust Operating Assets

The first quarter of 2026 showcased Wheaton's high-quality asset base as it maintained streaming and royalty agreements across 22 operating mines and 26 additional projects. Notably, 80% of the company’s attributable production stemmed from assets located in the lowest half of their respective cost curves.

• - The company produced 212,000 gold equivalent ounces (GEOs) in Q1 2026, which is a 21.5% increase from the equivalent period last year. Much of this growth can be attributed to improved operations at Peñasquito, Antamina, and a recommencement of production at Aljustrel.

Strategic Expansion Initiatives

Wheaton continued its strategic expansion during the quarter with significant transactions, including its largest streaming deal to date at the Antamina mine in collaboration with BHP, and its inaugural streaming agreement in Australia with KGL Resources. These moves are anticipated to enhance Wheaton’s geographical footprint, while expanding its base of counterparties.
Furthermore, the company took proactive measures to boost its future output by advancing construction at several projects, including notable advancements at Mineral Park and Platreef.

Commitment to Sustainability

Wheaton is fundamentally committed to sustainability and social responsibility. The company received high rankings in sustainability metrics, including recognition from Sustainalytics and MSCI. Their Partner Community Investment Program is actively engaged in improving educational and health standards in local areas surrounding mining operations, thus reaffirming their commitment to corporate social responsibility.

Conclusion

With these remarkable Q1 results for 2026, Wheaton Precious Metals is not only demonstrating resilience but also a clear trajectory toward sustained growth. Leveraging its quality assets, streamlined operations, and a steadfast focus on sustainability, the company is well-positioned to continue generating long-term value for its shareholders and stakeholders alike. To learn more about Wheaton’s future prospects and ongoing initiatives, the public is invited to join the upcoming conference call scheduled for May 8, 2026, where company leadership will discuss these results in detail.