Wheaton Precious Metals Sees Record-Breaking Quarter, Firmly On Track To Achieve 2026 Production Guidance Range
Wheaton Precious Metals, a leading precious metals streaming company, has seen its momentum continue in the third quarter of 2026. In a conference call held on November 6, 2026, the company reported record-breaking production, sales volumes, revenue, earnings, and operating cash flow for the first nine months of the year.
Haytham Hodaly, President and Chief Executive Officer of Wheaton Precious Metals, stated that the company's portfolio of long-life, low-cost assets produced 231,000 gold equivalent ounces in the third quarter. This was led by the company's operating assets, including Salobo, Antamina, and Peñasquito, as well as the continued ramp-up of its development assets.
The conference call also highlighted a series of catalysts across Wheaton Precious Metals' portfolio that have further de-risked the company's growth pipeline and marked meaningful progress towards future growth. These include Vale Base Metals announcing plans to implement a coarse particle flotation circuit at Salobo, which is expected to add 6 million tons to the operation's annual ore processing capacity.
Other catalysts included Montage Gold achieving first gold pour at its Koné project in Côte d'Ivoire and Allied Gold beginning production at its Kurmuk mine in Ethiopia. B2Gold also completed phase 1 upgrades to the fixed crushing circuit at the Goose project in Nunavut, while Wheaton Precious Metals received its first deliveries related to Ivanhoe's Platreef project in South Africa.
The company remains confident in its sector-leading organic growth profile of 50% by 2030, which is already embedded in its existing portfolio and not reliant on future transactions. Wheaton Precious Metals' balance sheet also remains strong, with approximately $3 billion in total liquidity between cash on hand and its revolving credit facility as of September 30th.
The company's corporate development team continues to evaluate a robust pipeline of opportunities while maintaining the discipline to pursue only the most accretive transactions. Wheaton Precious Metals also highlighted its focus on sustainability, innovation, and reducing land impacts at its investor day held during the quarter.
