Wheaton Precious Metals Posts Record $1.8 Billion First-Half 2026 Revenue

EarningsCommodity
โดย Zacks Investment Research·CA·Read original
Summary · why it matters

Wheaton Precious Metals Corp. reported record revenues of $1.8 billion for the first half of 2026, an 88% year-over-year surge driven by a higher average realized gold equivalent price and higher production levels. First-half 2026 gold equivalent production was 414,755 ounces, up 13.8% year over year, lifted by the acquisition of the precious metals purchase agreement with BHP Group Limited. The company reaffirmed its 2026 attributable production guidance of 860,000-940,000 GEOs, weighted to the second half, a rise of 30% at the midpoint from 2025's production of 692,000 ounces, and continues to expect production of 1.2 million GEOs by 2030, averaging around that level through 2035. The BHP Group Antamina precious metals purchase agreement became effective April 1, 2026, lifting Wheaton's attributable silver to 67.5% and adding another 33.75% of payable silver until delivery thresholds step down; Antamina produced 2.3 million attributable silver ounces in the second quarter, up 56% year over year. Among peers, SSR Mining Inc. reported first-half 2026 revenues of $1.03 billion, up 42% year over year, on 211,873 gold equivalent ounces, and AngloGold Ashanti plc posted gold revenues of $6.3 billion, up 43.8%, as its gold production dipped 4% year over year.

Impact on stocks 4

Critical Materials & Supply Chain▲ · 3 stocks
Wheaton Precious Metals Corp
WPM
▲ PositiveCapitalSupplyrelevance

Wheaton posted record first-half 2026 revenue of $1.8 billion, up 88% year over year, on higher realized gold equivalent prices and production.

BHP Group Limited
BHP
± MixedSupplyrelevance

BHP is mentioned only as the counterparty whose Antamina precious metals purchase agreement Wheaton acquired; no direct impact on BHP is described.

Materials▲ · 1 stocks
SSR Mining Inc
SSRM
▲ PositiveCapitalrelevance

SSR Mining reported first-half 2026 revenues of $1.03 billion, up 42% year over year, on 211,873 gold equivalent ounces.

Theme Impact 1

Related news

▲

Wheaton Precious Metals Posts Record Q2 Earnings of $543 Million

Wheaton Precious Metals reported second-quarter net earnings of $543 million on $929 million of revenue on August 6, both records, with first-half net earnings up 106% to $1.1 billion. The company made net upfront cash payments of $4.5 billion relative to mineral stream interests during the quarter and now carries $2.0 billion of total debt against $100 million of cash on hand. Wheaton sold 14% more gold equivalent ounces than a year ago while the average realized gold equivalent price jumped 61%, lifting the cash operating margin per ounce 65% to $3,875, and operating cash flow reached $650 million in the quarter and $1.4 billion for the half. The company forecasts a rise of roughly 50% to 1,200,000 gold equivalent ounces by 2030, with Ivanhoe expecting commercial production at Platreef in the fourth quarter of 2026 and Montage Gold targeting first gold at Koné in late Q4. Wheaton drew $1.5 billion on a new two-year term loan on April 1 to help pay for Antamina, where it expanded its silver production share from 33.75% to 67.5%, and it paid $109 million of global minimum tax on June 24 with another Cdn$346 million due around March 31, 2027.
1258.HKBHP.LSEWPM
Critical Materials & Supply Chain ▲
Insider Monkey·5hRead more →

AngloGold Ashanti Draws Upgraded EPS Estimates as Analysts Eye Sharp Quarterly Jump

Analysts have projected a very large year-over-year increase in quarterly earnings per share for AngloGold Ashanti alongside solid revenue growth, supported by updated consensus estimates. The upward earnings revisions are reflected in the company's current Zacks Rank of #3 (Hold), signaling growing confidence in near-term profitability without changing its overall rating. The company recently declared an interim dividend of US$0.72 per share for Q2 2026, alongside a previously announced buyback authorization of up to US$2,000,000,000. AngloGold Ashanti's narrative projects $12.1 billion in revenue and $5.5 billion in earnings by 2029, an earnings increase of about $1.7 billion from $3.8 billion today, with a fair value estimate of $113.12 implying 10% upside. Some of the lowest ranked analysts instead assumed revenue would fall to about US$10.3 billion by 2029 even as earnings rose toward US$5.0 billion, a far more pessimistic take on cost pressures and valuation multiples.
1258.HKAU
Critical Materials & Supply Chain
Simply Wall St·5hRead more →

Agnico Eagle Mines Takes 14.9% Minority Stake in Scout Discoveries

Agnico Eagle Mines is acquiring a significant minority ownership position in Scout Discoveries, giving the miner exposure to the explorer's precious metals exploration and development projects. The stake amounts to a 14.9% foothold, which management describes as consistent with Agnico Eagle's effort to widen its precious metals project pipeline. The move fits the company's playbook of growing through exploration and drill-bit driven upside in familiar jurisdictions, similar to its approach at assets like Detour Lake and Hope Bay, rather than through large, complex takeovers. Turning that 14.9% foothold into meaningful reserves will require capital discipline and technical success, with peers such as Barrick and Newmont also competing for quality ounces. The investment story for Agnico Eagle Mines has centered on using a strong project pipeline in stable regions to support long-life production, and the Scout Discoveries deal adds another exploration-driven option to that pipeline.
1258.HKAEMBNEM
Critical Materials & Supply Chain
Simply Wall St·8hRead more →
© 2026 MarketDXNews