Wheaton Precious Metals Flexes $3 Billion War Chest for Game-Changing Deals; Is Inorganic Growth The Way Forward?

Wheaton Precious Metals delivered a strong performance during the second quarter of 2025, highlighted by record revenue, adjusted net earnings, and operating cash flow. The company reported revenue of $503 million, a 68% increase compared to the previous year, driven by higher commodity prices and increased sales volumes. Net earnings rose by 139% to $292 million, and operating cash flow was up by 77% to $450 million. This financial performance underscores the effectiveness of Wheaton’s streaming business model, which allows the company to leverage rising commodity prices while maintaining strong margins through fixed per ounce production payments.