Gold and Silver Streaming Giants See Market Cap Surge Over 4 Trillion Won in Just One Day
Canadian precious metals streaming company Wheaton Precious Metals Corp (WPM) surged 5.16% on the New York Stock Exchange yesterday, closing at $125.09. Its market capitalization climbed to approximately $56.7 billion—an increase of nearly $3.1 billion in one day—while trading volume reached 1,688,730 shares.
In its fourth-quarter 2025 results announced on March 12, Wheaton Precious Metals reported record quarterly revenue of $865 million and net income of $558 million, driving annual revenue of $2.3 billion and net income of $1.5 billion—both all-time highs. The company also confirmed its dividend growth trajectory by raising its first-quarter 2026 dividend by 18% to $0.195 per share.
With 2025 production exceeding guidance, expectations of attributable gold-equivalent output between 860,000 and 940,000 ounces for 2026, roughly 50% production growth by 2030, and the $4.3 billion acquisition of an Antamina silver stream, analysts project more than an 11% increase in production next year, bolstering investor sentiment.
Earlier this month, Wheaton Precious Metals further demonstrated its commitment to smaller mining ventures by investing approximately $5 million directly in Northisle Copper and Gold’s $115 million financing.
As a leading streaming company rather than a conventional miner, Wheaton Precious Metals provides upfront capital to mining operators and acquires rights to purchase portions of their future precious-metals output at fixed prices, offering indirect exposure to gold, silver, palladium and cobalt. Listed on the New York, Toronto and London exchanges, the company secures production from 23 operating mines and 25 development and pre-development projects worldwide. Leveraging portfolio expansions—including the additional Antamina silver stream deal with BHP—it targets annual gold-equivalent production of 1.2 million ounces by 2030. On March 31, President Haissam Hodali will officially assume the role of Chief Executive Officer.