Wheaton Precious Metals reports Q4 adjusted EPS $1.22, consensus $1.09

Reports Q4 revenue $865M, consensus $734.98M. Reports Q4 total production 205,037 gold equivalent ounces, up 8.5% from 189,059 a year ago. “Wheaton’s portfolio of high-quality, long-life assets delivered another outstanding year in 2025, surpassing our production guidance and achieving record revenue, earnings, and operating cash flow,” said CEO Randy Smallwood. “Strong contributions from cornerstone assets including Salobo, Antamina, and Penasquito, alongside the continued ramp-up of Blackwater and Goose, demonstrate the strength of our diversified streaming model. As I prepare to transition to the role of Chair of the Board, I have truly never been more excited about Wheaton’s future and the portfolio’s ability to continue delivering long-term value.” “These results reflect the consistent execution of our disciplined capital allocation strategy, focused on high-quality assets, well-structured agreements, strong counterparties, attractive margins, and long-term growth,” added Haytham Hodaly, President. “In 2025, we strengthened our portfolio with the Hemlo and Spring Valley gold streams and, following year-end, announced the largest precious metals streaming transaction ever at Antamina in partnership with BHP. As I prepare to step into the role of CEO, I am confident in the foundation we have built and excited to lead Wheaton into its next phase of growth, focused on disciplined execution and sustainable value creation for all stakeholders.”