Wheaton Precious Metals projects production growth of about 50% by 2030
WPM•Wheaton Precious Metals forecasts production of 1.2 million gold equivalent ounces by 2030, about 50% organic growth, and expects production to remain at that level through 2035. It projects average annual operating cash flow of about US$2.7 billion over the next five years at spot commodity prices.
1. Production outlook
Wheaton Precious Metals forecasts production of 1.2 million gold equivalent ounces by 2030, representing approximately 50% organic growth. Annual production is expected to remain at 1.2 million gold equivalent ounces from 2031 through 2035.
2. Cash flow and debt
The company projects average annual operating cash flow of approximately US$2.7 billion at spot commodity prices over the next five years. Net debt was US$1.5 billion on September 30, 2026, with net debt-to-EBITDA of approximately 0.5 times. Available financial capacity totals US$3 billion, supporting accelerated debt repayment and future acquisitions.
