Wheaton Precious Metals Q1 revenue jumps 91.6% to $901.5M, closes $4.3B Antamina stream
Wheaton Precious Metals reported Q1 revenue of $901.5 million, up 91.6% year-on-year, with operating cash flow of $765.8 million. It closed a $4.3B Antamina silver stream, secured $275M Jervois and $55M Spanish Mountain deals, and reaffirmed 860k–940k GEOs guidance for 2026.
1. Q1 2026 Financial Results
Wheaton Precious Metals delivered record Q1 2026 with revenue up 91.6% to $901.5 million, operating cash flow of $765.8 million, net earnings of $582 million and gold-equivalent ounce production rising 21.5% to 211,951 ounces.
2. Antamina Silver Streaming Agreement
On April 1, 2026, the company closed a $4.3 billion silver streaming deal with BHP’s Antamina mine, the largest streaming transaction in its history.
3. Additional Transactions and Guidance
During the quarter, Wheaton secured a $275 million precious metals purchase agreement for the Jervois Project and a $55 million royalty on Spanish Mountain, and reaffirmed 2026 guidance of 860,000–940,000 gold-equivalent ounces, targeting 1.2 million ounces by 2030.