The earnings call highlighted Wheaton's strong financial performance, robust production growth, and significant project developments, along with a solid financial position and sustainability achievements. While there were some operational challenges at Antamina and concerns about potential tariffs, the positives significantly outweigh the negatives.

Company Guidance

In the second quarter of 2025, Wheaton Precious Metals reported record performance metrics, including a revenue of $503 million, marking a 68% increase from the previous year, driven by a 32% rise in commodity prices and a 28% increase in sales volumes. The company produced 159,000 gold equivalent ounces (GEOs) and remains on target to meet its 2025 production guidance of 600,000 to 670,000 GEOs. Wheaton also highlighted significant milestones, such as Blackwater's transition to commercial production and Goose's first gold pour. The company maintains a strong financial position with over $1 billion in cash and a $2 billion undrawn revolving credit facility, ensuring flexibility to fund commitments and pursue additional accretive opportunities. Additionally, Wheaton is committed to its growth strategy, forecasting a 40% production growth by 2029, and continues to prioritize sustainability, as evidenced by its recognition among Canada's top corporate citizens and the launch of its Future of Mining Challenge focused on sustainable water management.

Record Revenue and Earnings

Wheaton achieved record revenue of $503 million, a 68% increase compared to last year, driven by a 32% rise in commodity prices and a 28% increase in sales volumes. Net earnings rose by 139% to $292 million, and operating cash flow increased by 77% to $450 million.

Strong Production and Growth Prospects

The company recorded production of 159,000 gold equivalent ounces, a 9% increase from the previous year. Key assets like Salobo and Peñasquito contributed significantly, and Wheaton remains on track to achieve annual production guidance of 600,000 to 670,000 GEOs.

Successful Project Developments

Significant progress was made with Blackwater achieving commercial production and Goose successfully delivering its first gold pour. Additionally, the company continues to forecast 40% production growth by 2029.

Strong Financial Position

Wheaton ended the quarter with over $1 billion in cash and a $2 billion undrawn revolving credit facility, providing strong financial flexibility to fund commitments and pursue accretive mineral stream interests.

Sustainability Achievements

Wheaton was recognized among the top 10 companies on Corporate Knights' annual 50 Best Corporate Citizens in Canada and launched its second annual Future of Mining Challenge focused on sustainable water management technologies.

Wheaton Precious Metals (TSE:WPM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:WPM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.86 / -	0.466	―	―	―
Aug 07, 2025	2025 (Q2)	0.81 / 0.87	0.456	91.19% (+0.42)
May 08, 2025	2025 (Q1)	0.71 / 0.76	0.5	52.91% (+0.26)
Mar 13, 2025	2024 (Q4)	0.60 / 0.61	0.503	20.66% (+0.10)
Nov 07, 2024	2024 (Q3)	0.46 / 0.47	0.371	25.37% (+0.09)
Aug 07, 2024	2024 (Q2)	0.42 / 0.46	0.435	4.78% (+0.02)
May 09, 2024	2024 (Q1)	0.42 / 0.50	0.319	56.96% (+0.18)
Mar 14, 2024	2023 (Q4)	0.47 / 0.50	0.317	58.52% (+0.19)
Nov 09, 2023	2023 (Q3)	0.36 / 0.37	0.288	28.85% (+0.08)
Aug 10, 2023	2023 (Q2)	0.38 / 0.44	0.457	-4.85% (-0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:WPM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$136.95	C$138.31	+1.00%
May 08, 2025	C$114.56	C$119.12	+3.98%
Mar 13, 2025	C$104.41	C$105.42	+0.97%
Nov 07, 2024	C$88.54	C$89.48	+1.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Wheaton Precious Metals (TSE:WPM) report earnings?

Wheaton Precious Metals (TSE:WPM) is schdueled to report earning on Nov 06, 2025, After Close (Confirmed).

What is Wheaton Precious Metals (TSE:WPM) earnings time?

Wheaton Precious Metals (TSE:WPM) earnings time is at Nov 06, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:WPM EPS forecast?

TSE:WPM EPS forecast for the fiscal quarter 2025 (Q3) is 0.86.

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