Wheaton Precious Metals expects USD 2.7 billion average annual operating cash flow over five years at spot prices
WPM•Wheaton Precious Metals expects approximately US$2.7 billion in average annual operating cash flow over five years at spot commodity prices. It forecasts 2026 production of 860,000–940,000 gold-equivalent ounces and output of 1.2 million ounces annually by 2030.
1. Production outlook
Wheaton Precious Metals expects 2026 production of 860,000–940,000 gold-equivalent ounces, implying more than 11% growth at the midpoint. Production reached 647,300 gold-equivalent ounces through September, positioning the business to achieve its annual guidance. Output is forecast to reach 1.2 million gold-equivalent ounces by 2030 and remain at that annual level through 2035.
2. Cash flow and debt
The company projects average annual operating cash flow of approximately US$2.7 billion over five years at spot commodity prices. Third-quarter operating cash flow rose 68% to US$645 million, supporting an approximately US$400 million reduction in net debt.
