Wheaton Precious Metals achieved record year-to-date financial performance in 2026, driven by higher realized metal prices and increased sales volume, while maintaining a robust balance sheet to support its long-term growth pipeline.
Q3 2026 earnings released November 5, 2026 show record year-to-date results: revenue up 79.5% to $2.6 billion, adjusted net earnings up 87.7% to $1.54 billion, and operating cash flow up 77.8% to $2.1 billion, with the cash operating margin up 68% to $3,866 per GEO sold. Management reaffirms annual production guidance and highlights growth milestones (first gold pour at Koné, Copper World construction approval), supporting a positive near-term price reaction.
Revenue rose 62.0% to $772 million, adjusted net earnings rose 45.8% to $409.8 million ($0.902 per share), and operating cash flow rose 68.4% to $645 million ($1.420 per share).
Management said the company remains very well positioned to achieve its annual production guidance, with PBND at about 2.6 months of payable production, within the guided range of two and a half to three and a half months.
Wheaton Precious Metals posted record financial results for the first nine months of 2026, with revenue climbing 79.5% to $2.6 billion and adjusted net earnings rising 87.7% to $1.54 billion. Despite a slight dip in quarterly gold production due to labor disputes at San Dimas and Stillwater, the company reaffirmed its annual production guidance, supported by strong growth milestones at the Koné and Copper World projects.
Revenue rose 62.0% to $772 million, adjusted net earnings rose 45.8% to $409.8 million, and operating cash flow increased 68.4% to $645 million compared to Q3 2025.
Yes, management confirmed the company remains well-positioned to achieve its annual production guidance, with produced but not yet delivered (PBND) levels remaining within the target range of 2.5 to 3.5 months.