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Wheaton Precious Metals

Logo: Silver Wheaton, Public domain, via Wikimedia Commons5

Canadian multinational precious metals streaming company

Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies (including Barrick Gold and Goldcorp) as a by-product of their main operations. Originally named Silver Wheaton, the company changed its name to Wheaton Precious Metals on May 10, 2017.3 Its shares trade on NYSE under the symbol WPM.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$2.3BRevenue, fiscal 20256
$1.5BNet income, fiscal 20256
2004Founded1

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  • TickerWPM on NYSE1
  • Industrymining1
  • HeadquartersVancouver1
  • Websitewww.wheatonpm.com/Home/default.aspx
  • Legal formbusiness corporation1
  • Listed onNew York Stock Exchange (SLW), Toronto Stock Exchange1
  • Incorporated inOntario, Canada7
  • Business addressSuite 3500, 1021 West Hastings Streeet, Vancouver, A1 V6E 0C37
  • LEI549300XSFG5ZCGVYD8864
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address40 Temperance Street, M5H 0B4 Toronto, Canada4
  • Registered withMinistry of Government and Consumer Services, 16410954

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Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies (including Barrick Gold and Goldcorp) as a by-product of their main operations.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

72.2%Gross margin6
68.3%Operating margin6
63.6%Net margin6
80.2%Revenue growth, 20256
16.9%Return on equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

BRMember brought in 45% of the revenue Wheaton Precious Metals broke down this way in fiscal 2025.

  1. BRMember$1.0B645%up 93% from 2024
  2. P E$451.2M619%up 59% from 2024
  3. Mexico$438.2M619%up 55% from 2024
  4. CA [member]$168.0M67%up 218% from 2024
  5. Sweden$89.2M64%up 66% from 2024
  6. PT$78.5M63%up 246% from 2024
  7. United States$33.3M61%down 14% from 2024
  8. CO$12.1M61%up 80% from 2024
  9. CL$4.2M60%up 117% from 2024
Regions by year
Regions20242025
BRMember$539.6M$1.0B
P E$284.1M$451.2M
Mexico$283.3M$438.2M
CA [member]$52.9M$168.0M
Sweden$53.6M$89.2M
PT$22.7M$78.5M
United States$38.6M$33.3M
CO$6.7M$12.1M
CL$1.9M$4.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue27¢$643.0M
  • Selling, general and admin2¢$46.8M
  • Interest0¢$5.8M
  • Income tax9¢$226.3M
  • Profit61¢$1.5B

Out of $2.3B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid16¢$296.4M
  • Kept or used elsewhere84¢$1.6B

Out of $1.9B of cash from operations.6

Financial statements

Revenue910111213146$2.3B in 2025+192% since 2018
0$1.0B$2.0B$3.0B2018: $794.0M$794.0M20182019: $861.3M$861.3M2019+8%2020: $1.1B$1.1B2020+27%2021: $1.2B$1.2B2021+10%2022: $1.1B$1.1B2022−11%2023: $1.0B$1.0B2023−5%2024: $1.3B$1.3B2024+26%2025: $2.3B$2.3B2025+80%
Gross profit910111213146$1.7B in 2025+465% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $295.9M$295.9M20182019: $345.9M$345.9M2019+17%2020: $585.6M$585.6M2020+69%2021: $658.9M$658.9M2021+13%2022: $565.5M$565.5M2022−14%2023: $573.4M$573.4M2023+1%2024: $802.6M$802.6M2024+40%2025: $1.7B$1.7B2025+108%
Operating income910111213146$1.6B in 2025+547% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $244.3M$244.3M20182019: $125.5M$125.5M2019−49%2020: $519.9M$519.9M2020+314%2021: $754.7M$754.7M2021+45%2022: $511.9M$511.9M2022−32%2023: $505.3M$505.3M2023−1%2024: $620.8M$620.8M2024+23%2025: $1.6B$1.6B2025+155%
Net income910111213146$1.5B in 2025+245% since 2018
0$500.0M$1.0B$1.5B2018: $427.1M$427.1M20182019: $86.1M$86.1M2019−80%2020: $507.8M$507.8M2020+490%2021: $754.9M$754.9M2021+49%2022: $669.1M$669.1M2022−11%2023: $537.6M$537.6M2023−20%2024: $529.1M$529.1M2024−2%2025: $1.5B$1.5B2025+178%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Sales$2.3B$1.3B
Cost of sales, excluding depletion$339.1M$235.1M
Depletion$303.9M$246.9M
Total cost of sales$643.0M$482.1M
Gross margin$1.7B$802.6M
General and administrative$46.8M$40.7M
Share based compensation$32.5M$23.3M
Donations and community investments$10.7M$9.0M
Impairment of mineral stream interests$0$108.9M
Earnings from operations$1.6B$620.8M
Gain on disposal of mineral stream interests$85.7M$0
Other income (expense)$36.5M$29.1M
Earnings before finance costs and income taxes$1.7B$649.9M
Finance costs$5.8M$5.5M
Earnings before income taxes$1.7B$644.3M
Income tax expense$226.3M$115.2M
Net earnings$1.5B$529.1M
Basic earnings per share$3.24$1.17
Diluted earnings per share$3.24$1.17
Basic453.9M shares453.5M shares
Diluted454.7M shares454.1M shares

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Corporate structure

Wheaton Precious Metals sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Wheaton Precious Metals

  • BlackRock Filed SCHEDULE 13G/A on Wheaton Precious Metals, latest Apr 23, 2025 (5 filings since Jan 28, 2022)
  • Capital World Investors Filed SC 13G/A on Wheaton Precious Metals, latest Nov 13, 2024 (3 filings since Feb 13, 2023)
  • Wheaton Precious Metals Vancouver, British Columbia, Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Wheaton Precious Metals reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$9.9M6 Dec 31, 2025$8.7M6 Dec 31, 2024+14.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.2B6 Dec 31, 2025$818.2M6 Dec 31, 2024+41.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$1.1M6 Dec 31, 2025$1.5M6 Dec 31, 2024−25.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$014 Dec 31, 2024$1.4M14 Dec 31, 2023−100.0%

The story

Silver Wheaton was established in 2004. It was previously controlled by Goldcorp until December 7, 2006 when Goldcorp's sale of 18 million shares reduced its ownership to 48%. On February 14, 2008 Goldcorp divested itself completely of Silver Wheaton, selling 108 million shares for C$1.566 billion.

Silverstone Resources, acquired in 2009 previously traded on the TSX Venture Exchange under the symbol SST (delisted May 25, 2009 just after the takeover) as a Tier 1 stock (the exchange's premier tier).

In October 2020, the company was admitted in the London Stock Exchange under the ticker WPM.

From Wikipedia’s article on Wheaton Precious Metals, shared under CC BY-SA 4.0.8

Products and brands

  • gold

Listed on Wikidata.1

Former names

  • Silver Wheaton Corp.Apr 22, 2005 to May 10, 20177

Timeline

  1. 2004Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.62 a share, on Nov 6, 2025.15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

161 filings to the SEC since October 2021: 5 annual reports, 8 large holders, 148 other. The latest 20:

  1. Oct 7, 20266-K EDGAR
  2. Sep 1, 20266-K EDGAR
  3. Aug 7, 20266-K EDGAR
  4. Aug 7, 20266-K EDGAR
  5. Jul 7, 20266-K EDGAR
  6. Jun 23, 20266-K EDGAR
  7. Jun 5, 20266-K EDGAR
  8. May 22, 20266-K EDGAR
  9. May 8, 20266-K EDGAR
  10. May 8, 20266-K EDGAR
  11. May 7, 20266-K EDGAR
  12. Apr 9, 20266-K EDGAR
  13. Apr 7, 20266-K EDGAR
  14. Apr 2, 20266-K EDGAR
  15. Apr 2, 20266-K EDGAR
  16. Apr 1, 20266-K EDGAR
  17. Mar 31, 20266-K EDGAR
  18. Mar 31, 202640-F EDGAR
  19. Mar 31, 20266-K EDGAR
  20. Mar 13, 20266-K EDGAR

The 161 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Wheaton Precious Metals has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Capital World Investors36,626,362$4.1B0.5%−5,459,901
First Eagle Investment Management, LLC28,430,294$3.2B2.6%+14,273,783
Fmr LLC14,696,919$1.7B0.1%−1,447,213
Van Eck Associates Corp14,411,000$1.6B1.0%+78,618
Vanguard Capital Management LLC12,660,162$1.4B0.0%+160,822
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.9,945,280$1.1B1.3%−681,674
Royal Bank Of Canada9,370,364$1.1B0.2%+703,068
FIL Ltd9,227,382$1.0B0.7%+6,060,560
Bank Of Montreal /can/8,971,640$1.0B0.4%+375,347
Mackenzie Financial Corp4,685,074$747.5M0.7%+655,092
Massachusetts Financial Services Co /ma/6,293,518$741.6M0.2%−3,566
TD Asset Management Inc6,048,049$680.1M0.6%−1,329,119
Capital International Investors6,011,768$675.4M0.1%+1,980,999
Norges Bank5,983,577$672.4M0.1%New
Geode Capital Management, LLC5,421,727$637.4M0.0%+581,285
Goldman Sachs Group Inc5,642,938$633.8M0.1%+760,429
BlackRock, Inc.5,174,948$581.3M0.0%+3,063,098
Vanguard Fiduciary Trust Co4,025,072$452.8M0.1%+31,234
Cibc World Market Inc.3,401,526$382.3M0.6%−330,908
National Bank Of Canada /fi/3,371,444$378.8M0.3%+196,357
Canada Pension Plan Investment Board3,129,681$351.7M0.2%−8,822
Bank Of America Corp /de/2,922,981$328.3M0.0%−198,345
Jpmorgan Chase & Co2,895,041$321.1M0.0%−508,689
Legal & General Group Plc2,853,138$320.8M0.1%−402,773
Manufacturers Life Insurance Company, The2,767,598$310.7M0.2%−102,989

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 26, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−15.4%Report
Jun 4, 2026Thomas H. Kean, Jr.Republican, HouseBuy$1,001 - $15,000+1.7%Report
May 5, 2026Brian BabinRepublican, HousePartial sale$15,001 - $50,000+0.3%Report
Jan 27, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$15,001 - $50,000−21.8%Report
Nov 18, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+12.3%Report
Oct 17, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+11.2%Report
Sep 12, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+7.5%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$50,001 - $100,000−128.9%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HousePartial sale$1,001 - $15,000−84.7%Report
Jan 31, 2023Daniel S. GoldmanDemocratic, HousePartial sale$1,001 - $15,000−101.3%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Wheaton Precious Metals is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWheaton Precious Metals Corp.2
  • CIK0001323404
  • Employer ID (EIN)98-045945519
  • Incorporated inOntario19
  • Fiscal year endsDecember 312
  • Industry code (SIC)1040 Gold and Silver Ores2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business addressSuite 3500, 1021 West Hastings Streeet, Vancouver, A1 V6E 0C32
  • Phone604 684 31232
  • Shares outstanding454,033,830 shares as of Dec 31, 202519
  • On EDGAR sinceApr 22, 20052
  • Filings731 in all: 6-K (575), SC 13G/A (40), 40-F (21), F-X (14), F-10 (11), SC 13G (11), F-10/A (10), CORRESP (8)2
    All 28 form types

    UPLOAD (7), SUPPL (5), 40-F/A (4), FWP (4), 6-K/A (3), 8-A12B (3), CERTNYS (2), 25 (1), 3 (1), 40FR12B (1), CERTAMX (1), EFFECT (1), F-3D (1), F-X/A (1), S-8 (1), SC 13D (1), SC 13D/A (1), SC13E4F (1), SC13E4F/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (40-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
Common SharesWPMNew York Stock Exchange

From the cover page of the 40-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).19

Sources

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