Wheaton Precious Metals Corp. has achieved record quarterly revenues of approximately $865 million, a remarkable 127.2% increase year-over-year, largely due to rising gold prices and strong production. The company exceeded its production milestones with 690,000 gold equivalent ounces and is now targeting a production increase to between 860,000 and 940,000 GEOs in 2026, aiming for a long-term goal of 1.2 million GEOs by 2030. Additionally, Wheaton announced an 18% dividend increase to $0.195 per share, signaling confidence in its future cash flows despite an anticipated rise in net debt to $2.4 billion.
“Wheaton Precious Metals generated record revenues of around $865 million in the quarter, which rose 127.2% on a year-over-year basis. The upside was driven by a 69% gain from the higher average realized gold equivalent price and a 35% increase in gold equivalent ounces (GEOs) sold in the quarter.”
“The company added that shareholders may participate in its dividend reinvestment plan or DRIP, under which shares will be issued from treasury at the average market price without a discount.”