Wedoany.com Report on Mar 14th, Wheaton Precious Metals Corp. anticipates production growth in 2026, forecasting attributable output to reach 860,000 to 940,000 gold equivalent ounces. This growth is driven by new streaming agreements and an improving asset portfolio. The production forecast shows a significant increase from the 689,864 gold equivalent ounces in 2025, primarily driven by the expanded streaming agreement at the Antamina mine, which will contribute additional production starting April 1.
The additional streaming is expected to add approximately 70,000 gold equivalent ounces to Wheaton in 2026, with the company's share of silver production from the Antamina mine increasing to 67.5%, up from the previous 33.75%. Further growth comes from recently commissioned or ramping-up assets, including the Blackwater and Hemlo mines in Canada, the Mineral Park mine in the United States, the Fenix project in Chile, and the Platreef project in South Africa.
However, the company expects production at the Constancia mine in Peru to decline after the depletion of the Pampacancha pit by the end of December 2025. At the Salobo mine in Brazil, attributable production is forecast to decrease slightly in 2026, as higher throughput will be offset by slightly lower gold grades. Production at the Peñasquito mine in Mexico is expected to increase compared to 2025, benefiting from stronger silver grades and contributions from stockpiled material.
Looking ahead, Wheaton expects production to grow by approximately 50% to 1.2 million gold equivalent ounces by 2030, supported by growth from operating assets such as Antamina, Blackwater, Hemlo, and Goose, as well as development projects including the Koné project, Kurmuk project, and El Domo project. From 2031 to 2035, the company forecasts production to remain stable at around 1.2 million gold equivalent ounces per year, with additional potential contributions from pre-development projects such as the Cangrejos project, Kudz ze Kayah project, and Marathon project.
Announcing the results, outgoing CEO Randy Smallwood stated, "Wheaton's high-quality, long-life asset portfolio delivered another excellent year in 2025, exceeding our production guidance and achieving record revenue, earnings, and operating cash flow." President Haytham Hodaly added that the company continues to strengthen its portfolio through new streaming agreements and disciplined capital allocation.
Wheaton reported record financial performance for 2025, with revenue of $2.3 billion, net earnings of $1.5 billion, and operating cash flow of $1.9 billion. The company ended the year with a cash balance of $1.2 billion, with streaming and royalty agreements covering 23 operating mines and 25 development projects.
