Wheaton Precious Metals Corp. reported adjusted earnings per share of 63 cents in second-quarter 2025, which surpassed the Zacks Consensus Estimate of 58 cents. The bottom line surged 90.9% year over year. WPM Q2 Revenues Reflect Higher Metal Prices Wheaton Precious Metals generated record revenues of around $503 million, which improved 68.3% on a year-over-year basis. The upside was caused by a 32% increase in average realized price and a 28% improvement in gold equivalent ounces (GEOs) sold. The top line beat the Zacks Consensus Estimate of $468 million. In the second quarter, the average realized gold price was $3,318 per ounce. The figure was 40.8% higher than the year-ago quarter. Silver prices were $34.05 per ounce, up 17% year over year. Palladium prices were $996 per ounce compared with $979 per ounce in the prior-year quarter. Cobalt prices improved 16.1% year over year to $18.60 per pound. Wheaton Precious Metals’ Q2 Gold Equivalent Production Rises Y/Y WPM’s gold production was 91,968 ounces, up from the prior-year quarter’s 83,743 ounces. Attributable silver production increased 7.1% year over year to 5,407 ounces, while palladium production fell 43.9% to 2,435 ounces. The company produced 158,608 GEOs in the June-end quarter, up 9.5% from the prior-year quarter’s 144,904 GEOs. Wheaton Precious Metals sold 157,916 GEOs, up 27.9% from the last-year quarter. WPM’s Margins Rise Y/Y in Q2 The total cost of sales was up 33% year over year to around $150 million in the second quarter. The gross profit surged 86.9% to $353 million. The gross margin was 70.2% in the reported quarter compared with 62.3% in the prior-year quarter. General and administrative expenses increased 7.6% year over year to $11 million. Earnings from operations were $330 million, a 95.1% rise from $169 million in the second quarter of 2024. Average cash costs in the second quarter of 2025 were $470 per GEO, up from $437 in the year-ago quarter. The cash operating margin increased 37% year over year to $2,717 per GEO sold due to a higher realized price per ounce. Wheaton Precious Metals’ Balance Sheet Updates The company had around $1 billion of cash in hand at the end of the second quarter of 2025 compared with $0.83 billion at the end of 2024. It reported an operating cash flow of $415 million compared with $234 million in the prior-year quarter. The company has a $2-billion undrawn revolving credit facility. The maturity date has been extended to June 23, 2030. WPM Reaffirms 2025 Outlook Gold production is expected to be 350,000-390,000 ounces. Silver production is projected between 20.5 million and 22.5 million ounces. The production of other metals is anticipated to be 12,500-13,500 GEOs. Wheaton Precious Metals Stock’s Price Performance Shares of Wheaton Precious Metals have gained 77.7% in the past year compared with the ’s 15.7% growth. WPM’s Zacks Rank Wheaton currently carries a Zacks Rank #3 (Hold). You can see ****. Wheaton Precious Metals’ Peer Performances **Kinross Gold Corporation** reported adjusted earnings of 44 cents per share compared with the prior-year quarter’s 14 cents. The bottom line beat the Zacks Consensus Estimate of 33 cents. Kinross Gold’s revenues rose 41.7% year over year to $1,728.5 million in the second quarter. It topped the Zacks Consensus Estimate of $1,347.3 million. The rise is attributed to a higher average realized gold price. **Agnico Eagle Mines Limited** reported adjusted earnings of $1.94 per share for the second quarter of 2025, up from $1.07 in the year-ago quarter. The bottom line topped the Zacks Consensus Estimate of $1.83. Agnico Eagle Mines generated revenues of $2,816.1 million, up 35.6% year over year. The top line surpassed the Zacks Consensus Estimate of $2,553 million. **Teck Resources Limited** came out with earnings of 27 cents per share in the second quarter of 2025, beating the Zacks Consensus Estimate of 2 cents. This compares with earnings of 58 cents per share a year ago. Teck Resources posted revenues of $1.46 billion in the quarter, missing the Zacks Consensus Estimate by 8.7%. This compares with year-ago revenues of $2.83 billion.

Wheaton Precious Metals Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Wheaton Precious Metals Corp. reported strong second-quarter 2025 earnings, with adjusted earnings per share of 63 cents, surpassing the Zacks Consensus Estimate of 58 cents. Revenues reached $503 million, up 68.3% year over year, driven by higher metal prices and increased gold equivalent ounces (GEOs) sold. The company achieved a 90.9% year-over-year increase in earnings and a 95.1% rise in earnings from operations. Key metrics include an average realized gold price of $3,318 per ounce (up 40.8% YoY), silver at $34.05 per ounce (up 17% YoY), and palladium at $996 per ounce (up 1.7% YoY). Gold production rose to 91,968 ounces (up 10.0% YoY), silver production increased by 7.1% to 5,407 ounces, while palladium production declined 43.9% to 2,435 ounces. The company produced 158,608 GEOs and sold 157,916 GEOs, up 9.5% and 27.9% respectively. Gross profit surged to $353 million (86.9% YoY increase), with a gross margin of 70.2% compared to 62.3% in the prior year. Total cost of sales rose to $150 million (33% YoY), and average cash costs increased to $470 per GEO. The company ended Q2 with $1 billion in cash, an operating cash flow of $415 million, and a $2-billion undrawn revolving credit facility with a maturity extended to June 23, 2030. WPM reaffirmed its 2025 production outlook, projecting 350,000–390,000 ounces of gold, 20.5–22.5 million ounces of silver, and 12,500–13,500 GEOs of other metals. The stock has gained 77.7% in the past year. Peer companies Kinross Gold, Agnico Eagle Mines, and Teck Resources also reported Q2 results, with Kinross and Agnico Eagle outperforming estimates, while Teck Resources missed revenue expectations.