WPM on NYSE

Wheaton Precious Metals

Logo: Silver Wheaton, Public domain, via Wikimedia Commons4

Canadian multinational precious metals streaming company

Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$2.3BRevenue, fiscal 20255
$1.5BNet income, fiscal 20255
2004Founded1

Compare with Coeur Mining, Iamgold or Eldorado Gold, or pick any stock.

  • 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, Canada6
  • Business addressSuite 3500, 1021 West Hastings Streeet, Vancouver, A1 V6E 0C36

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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 margin5
68.3%Operating margin5
63.6%Net margin5
80.2%Revenue growth, 20255
16.9%Return on equity5

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$1.0B545%up 93% from 2024
  2. P E$451.2M519%up 59% from 2024
  3. Mexico$438.2M519%up 55% from 2024
  4. CA [member]$168.0M57%up 218% from 2024
  5. Sweden$89.2M54%up 66% from 2024
  6. PT$78.5M53%up 246% from 2024
  7. United States$33.3M51%down 14% from 2024
  8. CO$12.1M51%up 80% from 2024
  9. CL$4.2M50%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.5

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.5

Financial statements

Revenue89101112135$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 profit89101112135$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 income89101112135$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 income89101112135$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.5

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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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 4.0.7

Products and brands

  • gold

Listed on Wikidata.1

Former names

  • Silver Wheaton Corp.Apr 22, 2005 to May 10, 20176

Timeline

  1. 2004Founded Founded1

Filings

163 filings to the SEC since October 2021: 5 annual reports, 10 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 163 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 10 such filings since October 2021:

  1. Nov 13, 2024SC 13G/A
  2. Apr 15, 2024SC 13G/A
  3. Feb 13, 2024SC 13G/A
  4. Feb 9, 2024SC 13G/A
  5. Feb 8, 2024SC 13G/A
  6. Feb 13, 2023SC 13G
  7. Feb 9, 2023SC 13G/A
  8. Jan 24, 2023SC 13G/A
  9. Sep 13, 2022SC 13G
  10. Jan 28, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

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).

Sources

The numbers on this page point here. Each one links to the record it came from.

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