Record Financial Performance: Wheaton Precious Metals reported record revenue of $503 million, a 68% increase YoY, with adjusted net earnings up 91% to $286 million for Q2 2025. This strong performance highlights the effectiveness of Wheaton¡¯s streaming business model amid rising commodity prices, especially leveraging its fixed per ounce production payments.

Production Guidance: The company produced 159,000 gold equivalent ounces (GEOs) in Q2 2025, a 9% increase from the previous year. Wheaton maintains its 2025 production guidance of 600,000 to 670,000 GEOs, with expectations for a slight bias towards stronger production in Q4 as new projects ramp up, including Blackwater¡¯s transition to commercial production.

Debt Capacity and Liquidity: Wheaton holds over $1 billion in cash, alongside a $2 billion undrawn revolving credit facility, providing ample liquidity for capital deployment. This strong balance sheet positions the company to pursue both organic growth and potential acquisitions, enhancing its growth strategy.