Wheaton Precious Metals Reports Record 2025 Financial Results and Expands Streaming Portfolio

Wheaton Precious Metals Corp. reported record financial performance for 2025, highlighted by $2.3 billion in revenue, $1.5 billion in net earnings, $1.4 billion in adjusted net earnings and $1.9 billion in operating cash flow for the year, alongside record quarterly results in the fourth quarter. The company exceeded the upper end of its 2025 production guidance with attributable production of 689,864 gold equivalent ounces and continued to benefit from strong contributions from cornerstone assets including Salobo, Antamina and Peñasquito, as well as the ramp-up of Blackwater and Goose.

Wheaton also expanded its streaming portfolio through new agreements related to the Spring Valley project in Nevada and the Hemlo mine in Ontario and, subsequent to year-end, announced a major streaming transaction with BHP related to silver production at the Antamina mine in Peru, while maintaining a strong balance sheet with $1.2 billion in cash. The company's streaming model provides shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world through strategic streaming agreements that secure a portion of future precious metals production from partner mining companies.

The record financial results demonstrate the effectiveness of Wheaton's business model during a period of strong precious metals prices and operational execution. The company's ability to exceed production guidance while maintaining financial discipline positions it well for continued growth. The expansion of the streaming portfolio through multiple new agreements, particularly the significant transaction with BHP, indicates continued confidence in the streaming model and provides additional diversification and growth potential for future production.

Wheaton's strong balance sheet with substantial cash reserves provides financial flexibility for additional streaming acquisitions and positions the company to capitalize on opportunities in the mining sector. The company's shares are listed on multiple exchanges including the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM. For more information about the company, investors can visit https://ibn.fm/WPM. The streaming agreements with mining partners represent a key component of Wheaton's strategy to deliver long-term value to shareholders while supporting the broader mining industry's need for capital to develop essential commodities.