Can Wheaton Precious Metals Sustain Its Record Production Growth?
Wheaton Precious Metals (WPM) reported 13.9% year-over-year gold-equivalent production growth to 647,258 ounces in the first nine months of 2026, driven by the BHP Group Antamina precious metals purchase agreement. The company reaffirmed 2026 guidance of 860,000-940,000 GEOs and targets 1.2 million GEOs by 2030, supported by development projects and strong operating assets. However, WPM trades at a premium valuation of 29.91X forward P/E compared to industry peers.



