Canada's Wheaton Precious Metals Q3 revenue rises on higher realized gold equivalent prices
WPM•Wheaton Precious Metals’ Q3 revenue rose 62% year over year to $771.73 million, below the $821.95 million consensus estimate. Adjusted EPS increased 46%, and the company maintained its 2026 and long-term production guidance.
1. Revenue and earnings
Q3 revenue increased 62% year over year to $771.73 million, missing the $821.95 million consensus estimate. The company said revenue growth was driven primarily by a 36% increase in the average realized gold equivalent price and a 19% rise in gold equivalent ounces sold. Adjusted EPS rose 46% year over year; reported Q3 EPS was $0.90.
2. Production outlook
Wheaton maintained its 2026 annual production guidance of 860,000 to 940,000 gold equivalent ounces. It expects 2026 attributable production of 400,000 to 430,000 ounces of gold and 27 million to 29 million ounces of silver, and forecasts annual production to reach 1.2 million gold equivalent ounces by 2030, about 50% higher.
3. Antamina silver stream
The company said its acquisition of an additional silver stream at Antamina helped drive a 60% increase in attributable silver production at the mine.
