Wheaton Q3 Revenue Hits $772M as Gold Price Lifts Margins 39%
Vancouver – November 05, 2026 -- Wheaton Precious Metals reported record nine-month revenue of $2.6 billion, net earnings of $1.5 billion and operating cash flow of $2.1 billion for the period ended September 30, 2026, as a 64% jump in the average realized gold equivalent price drove margins higher.
Q3 revenue reaches $772 million on 36% higher realized prices
Third-quarter revenue of $772 million was split 51% gold, 46% silver, 0.5% palladium and 2% cobalt. The $295 million increase from the prior-year period came from a 36% rise in the average realized gold equivalent price and a 19% increase in gold equivalent ounces (GEOs) sold. Net earnings were $410 million and operating cash flow was $645 million, up $262 million year over year on higher gross margin.
For the nine months, revenue rose $1.2 billion, with the realized price up 64% and GEOs sold up 9%. Operating cash flow increased $901 million.