Wheaton Precious Metals stock gains 5.74% after strong Q3

Published on 11/09/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wheaton Precious Metals stock advances after a strong third quarter and continued project progress. Management kept its 2026 production outlook unchanged.

Wheaton strengthens its growth outlook

Third-quarter revenue, earnings and operating cash flow all increased year over year.
Production rose as the Antamina stream and newer assets contributed to the portfolio.
Management kept its 2026 production guidance and highlighted progress across several development projects.

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Wheaton Precious Metals reported stronger third-quarter operating performance on November 5, while management maintained its full-year production outlook. In its November 5 earnings release, the company said revenue reached USD 771.734 million, up 62.0 percent from the year-earlier quarter.

Net earnings rose 11.7 percent to USD 410.248 million, while operating cash flow increased 68.4 percent to USD 644.856 million. Wheaton attributed the revenue increase mainly to a higher average realized gold-equivalent price and stronger sales volumes.

Pipeline progress supports production growth

Attributable gold-equivalent production reached 230,965 ounces, 13.3 percent above the comparable quarter. Gold-equivalent sales increased 18.8 percent to 192,270 ounces, with the expanded Antamina stream and contributions from Hemlo, Fenix, Platreef and Mineral Park supporting the operating profile.

Wheaton retained its 2026 production guidance of 860,000 to 940,000 gold-equivalent ounces. The company also continues to target annual production of 1.2 million gold-equivalent ounces by 2030. Project milestones during the quarter included first gold at Montage Gold's Kone project and construction approval for Hudbay's Copper World.

Share price moves above prior Xetra close

Wheaton Precious Metals stock traded at 127.05 euros on Lang & Schwarz at 16:32 CET on Monday, November 9, 2026, 5.74 percent above the Xetra close of Friday, November 6.

The company declared a quarterly dividend of USD 0.195 per common share. Its September 30 balance sheet showed USD 145.802 million in cash and USD 1.598 billion in bank debt, while the company repaid USD 372 million of revolving credit debt during the quarter.