Wheaton Precious Metals has risen 13.4% in 2026, outperforming gold and gold-backed ETFs. The company operates a streaming model, purchasing a percentage of mine output for upfront and delivery payments, which locks in costs and delivers industry-leading operating margins. In the first half of 2026, Wheaton posted record earnings, revenue, and operating cash flow, ending the second quarter with $100 million in cash. The company forecasts a 50% increase in gold-equivalent ounce production by 2030, positioning it for further gains if gold prices rebound.
