Silver miners — they dig up and refine silver, used in jewelry, coins, and lots of electronics and solar panels for its conductivity.
Contains
News movingSilver
MexicoCanada
Silver▼
Endeavour Silver's Guanacevi Mill Offline About Three Weeks After Mechanical Fault
Endeavour Silver has reported a mechanical problem with the primary ball mill at its Guanacevi Mine, with the unit expected to remain offline for roughly three weeks while repairs proceed. Processing capacity is temporarily reduced, with the regrind circuit running at about 600 tonnes per day against ordinary throughput of roughly 1,100 tonnes per day, though mining activity on site continues. The disruption has weighed on the shares, which are down 20.45% over the past 30 days and 7.83% over the past week, even as the 1-year total shareholder return stands at 13.95% and the 3-year total shareholder return is approximately three times the initial value. Endeavour Silver last closed at CA$12.25, while the most followed narrative anchors on a fair value of CA$19.30 using an 8.1% discount rate, a gap that frames the stock as 37% undervalued. That bullish case rests on the Terronera mine nearing commercial production, optimization of recoveries on track, and potential expansion of the Kolpa mine to 2,500 tonnes per day in 2026, but it also leans heavily on Terronera ramping smoothly and on Guanacevi avoiding further mechanical setbacks. A contrasting view comes from the current P/E, with Endeavour Silver trading on 38.7x earnings versus a Canadian Metals and Mining average of 15.5x and an estimated fair ratio of 18.9x.
Pan American Silver Reports 511.1 Million Ounces of Silver Reserves
Pan American Silver Corp. estimates its proven and probable mineral reserves contained 511.1 million ounces of silver and 6.3 million ounces of gold as of June 30, 2026. Measured and indicated mineral resources, excluding proven and probable reserves, stood at 1,126.7 million ounces of silver and 7.5 million ounces of gold, with inferred resources of 437 million ounces of silver and 7.2 million ounces of gold. The company's 44% attributable share of the Juanicipio mineral reserves and resources further increased its silver reserve base. Exploration and infill drilling replaced 72% of mined production at the Jacobina mine, and the discovery of four veins added 3.5 million ounces of silver to proven and probable reserves, while the Vogel project at Timmins added more than 192,000 ounces of gold to inferred resources. Pan American completed 351,000 meters of drilling toward a planned total of more than 500,000 meters for calendar year 2026, and its shares have risen 30.4% over the past year, trailing the industry's 38.4% gain.
PAAS · Supply · Positive Pan American reported 511.1 million ounces of silver reserves and replaced 72% of mined production at Jacobina, expanding its reserve base.
Wheaton Precious Metals Raises Dividend 18% as Margins Surge
Wheaton Precious Metals raised its quarterly dividend to $0.195 per share, an 18% year-over-year increase, as soaring metals prices fatten the streaming company's margins. During the second quarter, Wheaton paid an average contractual price of $9.57 per ounce of silver and $543 per ounce of gold, then sold that silver and gold for $73.41 and $4,452 per ounce, respectively. Through the first half of this year, its cash operating margin for silver jumped 139% to $66.96 per ounce, while its cash operating margin for gold jumped 56% to $4,099 per ounce. The company's payout ratio stands at a modest 16% of net earnings per share, leaving room to grow the dividend again next year. Wheaton operates a precious metals streaming model, providing funds to mining companies to build or expand operations in return for long-term agreements to purchase a fixed percentage of future silver and gold production at low, predetermined contractual cash costs.
Coeur Mining to Double 2026 Exploration Spend to $158M at New Afton and Rainy River
Coeur Mining said it plans to spend $158M on exploration in 2026, more than double its 2025 level, while updating exploration activities at its New Afton and Rainy River operations in Canada. The company said it continues to focus its exploration efforts at New Afton's K-Zone deposit, building on the maiden mineral resource of 48M metric tons of measured and indicated resources and 6M metric tons of inferred resources announced in March. New Afton's 2025 proven and probable reserves totaled 36M tons containing 780K oz of gold at an average grade of 0.67 g/t and 591M lbs of copper at an average grade of 0.74%. At Rainy River, Coeur said expansion drilling extended the ODM Main Zone by more than 150 meters and Zone 17 by more than 200 meters down-plunge, with notable drill results including 8.1 meters at 14.8 g/t of gold and 5.8 meters at 43.6 g/t of gold. The company said core drilling for the rest of this year is expected to continue advancing these expansion and infill programs, in addition to testing for new underground mineralization between existing ore shoots.
Highlander Silver Signs $330M Natixis Mandate for Peru Corani Project
Highlander Silver has signed a mandate with Natixis CIB for a fully underwritten seven-year senior secured project finance facility of $330M. The financing will be supported by a cost overrun facility of up to $100M, to be provided by Highlander Silver before the first draw, with final facility amounts remaining subject to due diligence. The company will use the funds to finance the development and construction of its Corani Silver Project in Peru. Highlander Silver had approximately $100M in cash and no debt as of June 30, and it retained 100% of the project's offtake rights. Closing of the facility is expected in Q1 2027.
HSLV · Capital · Positive Signs $330M Natixis-led project finance facility plus $100M cost overrun support to fund construction of its Corani Silver Project.
Natixis · Capital · Positive Natixis CIB is mandated to underwrite the $330M senior secured project finance facility for Highlander Silver's Corani project.
Coeur Mining Reports Exploration Growth at New Afton and Rainy River
Coeur Mining provided an exploration update on its recently acquired New Afton and Rainy River operations in Canada, reporting significant mineralized extensions at both sites. The company is expected to invest a record $158 million in exploration in 2026, more than double 2025 levels, including approximately $24 million at New Afton and $18 million at Rainy River. At New Afton, expansion drilling at the K-Zone deposit extended mineralization by more than 300 meters beyond the original footprint of approximately 850 meters, building on the maiden mineral resource of 48 million tonnes of measured and indicated resources and 6 million tonnes of inferred resources announced on March 23, 2026. At Rainy River, expansion drilling extended the ODM Main Zone by more than 150 meters and Zone 17 by more than 200 meters down-plunge, while infill drilling completed across a 275 meter by 150 meter gap in the core of the ODM Main Zone is expected to support a potential upgrade of mineral resource classification from inferred to measured and indicated at year-end. Executive Vice President of Exploration Aoife McGrath said the results underscore the excellent growth potential within the newly acquired Canadian operations and reinforce confidence in extending mine life at both sites.
Pan American Silver Reports 511.1 Million Ounces Silver in Reserves as at June 30, 2026
Pan American Silver Corp. reported estimated mineral reserves and mineral resources as at June 30, 2026, with proven and probable mineral reserves estimated to contain approximately 511.1 million ounces of silver and 6.3 million ounces of gold. Measured and indicated mineral resources, excluding proven and probable reserves, are estimated to total approximately 1,126.7 million ounces of silver and 7.5 million ounces of gold, while inferred mineral resources are estimated at approximately 437.0 million ounces of silver and 7.2 million ounces of gold. The figures include Pan American's 44% attributable share of the Juanicipio mineral reserves and mineral resources following the completion of its acquisition of MAG Silver Corp. on September 4, 2025. President and CEO Michael Steinmann said the company replaced over 100% of the silver extracted, with exploration success at La Colorada, Jacobina and Timmins, and noted that La Colorada added 3.5 million ounces of contained silver to proven and probable reserves net of depletion. As of August 31, 2026, Pan American had completed 351,000 metres of drilling toward a planned total of over 500,000 metres for calendar 2026, focused on near-mine exploration for reserve replacement.
PAAS · Supply · Positive Pan American reported 511.1 Moz silver reserves and replaced over 100% of silver extracted, with exploration success at La Colorada, Jacobina and Timmins.
Pan American Silver Guides 2026 Silver AISC to $15.75-$18.25 Per Ounce
Pan American Silver Corp. expects silver segment all-in sustaining costs of $15.75-$18.25 per ounce for 2026, a 22% year-over-year increase at the midpoint, after first-half 2026 AISC came in at $12.64 per ounce, 24% below the year-ago period and under the company's guidance of $14.87-$17.25. The first-half improvement was driven largely by the Juanicipio mine, acquired in September 2025, which posted AISC of negative $4.50 per ounce in the first half of 2026, though Juanicipio's full-year 2026 AISC is expected between $2.25 and $4.25 per ounce on higher contractor, labor and energy costs. Cerro Moro posted negative $64.87 per ounce in the first half of 2026 and is guided to negative $25.75 to negative $21.75 per ounce for 2026, versus negative $14.04 per ounce in 2025. Offsetting those gains, La Colorada's 2026 silver segment AISC is expected between $33.25 and $35.75 per ounce, above the $24.85 record in 2025, and Huaron is guided to $27.75-$29.75 per ounce, up from $21.55 per ounce in 2025. Among peers, Avino Silver & Gold Mines reported first-half 2026 AISC of $36.52 per silver-equivalent ounce, up 78% year over year, while Hecla Mining reported first-quarter 2026 silver AISC of $7.10 per ounce and guides 2026 silver segment AISC to $12.50-$13.50.
PAAS · Supply · Negative Pan American guides 2026 silver AISC to $15.75-$18.25/oz, a 22% YoY increase at the midpoint, with La Colorada and Huaron costs rising sharply.
ASM · Capital · Negative Avino's first-half 2026 AISC of $36.52/silver-equivalent oz, up 78% year over year, signals sharply rising costs.
HL · Supply · Neutral Hecla's Q1 2026 silver AISC of $7.10/oz and 2026 guidance of $12.50-$13.50 are cited only as peer comparison, no company-specific development.
Wheaton Precious Metals Posts Record $1.8 Billion First-Half 2026 Revenue
Wheaton Precious Metals Corp. reported record revenues of $1.8 billion for the first half of 2026, an 88% year-over-year surge driven by a higher average realized gold equivalent price and higher production levels. First-half 2026 gold equivalent production was 414,755 ounces, up 13.8% year over year, lifted by the acquisition of the precious metals purchase agreement with BHP Group Limited. The company reaffirmed its 2026 attributable production guidance of 860,000-940,000 GEOs, weighted to the second half, a rise of 30% at the midpoint from 2025's production of 692,000 ounces, and continues to expect production of 1.2 million GEOs by 2030, averaging around that level through 2035. The BHP Group Antamina precious metals purchase agreement became effective April 1, 2026, lifting Wheaton's attributable silver to 67.5% and adding another 33.75% of payable silver until delivery thresholds step down; Antamina produced 2.3 million attributable silver ounces in the second quarter, up 56% year over year. Among peers, SSR Mining Inc. reported first-half 2026 revenues of $1.03 billion, up 42% year over year, on 211,873 gold equivalent ounces, and AngloGold Ashanti plc posted gold revenues of $6.3 billion, up 43.8%, as its gold production dipped 4% year over year.
WPM · Capital · Positive Wheaton posted record first-half 2026 revenue of $1.8 billion, up 88% year over year, on higher realized gold equivalent prices and production.
WPM · Supply · Positive The BHP Antamina precious metals purchase agreement became effective April 1, 2026, lifting attributable silver and production.
SSRM · Capital · Positive SSR Mining reported first-half 2026 revenues of $1.03 billion, up 42% year over year, on 211,873 gold equivalent ounces.
BHP.LSE · Supply · Neutral BHP is mentioned only as the counterparty whose Antamina precious metals purchase agreement Wheaton acquired; no direct impact on BHP is described.
Wheaton Precious Metals Corp. has seen strong performance this year, driven by its new precious metals purchase agreement with BHP Group Limited. The $4.3-billion Antamina stream deal, effective April 1, 2026, is Wheaton's largest transaction, increasing its attributable silver to 67.5% and adding 33.75% of payable silver until thresholds step down, with ongoing payments equal to 20% of spot silver. Despite Antamina's second-quarter production falling short due to lower grades and a maintenance shutdown, the mine's silver output rose 56% year over year to 2.3 million ounces. Wheaton's attributable gold-equivalent production increased 13.8% to 414,755 ounces in the first half of 2026, and the company reaffirmed its 2026 guidance of 860,000-940,000 GEOs, expecting a 30% rise at the midpoint from 2025's 692,000 ounces. Wheaton projects 1.2 million GEOs by 2030, with the Antamina deal and new mines driving growth. Shares have jumped 43.5% in a year, and the Zacks Consensus Estimate for 2026 sales is $3.66 billion, up 58.1% year over year.
Endeavour Silver blockade lifted at Mexico's Terronera mine
Endeavour Silver announced that a blockade at its flagship Terronera mine in Mexico has been removed, clearing the way for operations to restart nearly two weeks after suspension. The blockade was imposed by members of the local Ejido community demanding improvements in road maintenance, greater support for medical and communications services, control over the water supply, and increased financial assistance. The Terronera mine, which reached commercial production last October, has an annual capacity of 38,000 ounces of gold and 4 million ounces of silver, and in Q2 processed more than 175 metric tons and produced 582 ounces of payable silver at a cash cost of US$5.07 per ounce. National Bank of Canada's Alex Terentiew maintained an Outperform rating, saying the peaceful resolution bodes well for Endeavour's community relationships over the next 15-plus years at its longest-life, lowest-cost mine, despite a potential modest miss to fiscal 2026 production guidance.
Americas Gold and Silver reports 71% revenue jump in Q2 2026
Americas Gold and Silver reported second-quarter 2026 revenue of $46.3 million, a 71% increase from $27.0 million a year earlier, driven by higher realized silver prices. Silver production was 665,000 ounces, with silver equivalent production of 801,000 ounces, and the company reiterated full-year guidance of 3.2 million to 3.6 million ounces. Net loss narrowed to $5.0 million, or $0.02 per share, from $15.1 million a year earlier, while adjusted EBITDA improved to $12.0 million from a loss of $4.1 million. The company settled $76 million in future variable metal price-linked obligations, reducing annual debt servicing by $28 million, and completed Phase 2 shaft upgrades at the Galena Complex, doubling hoisting capacity to 85 tonnes per hour. Cash and cash equivalents stood at $88.9 million as of June 30, 2026, down from $129.8 million at the end of 2025.
Americas Gold and Silver Q2 revenue up 71%, loss narrows
Americas Gold and Silver reported second-quarter revenue rose 71% year over year to approximately $46.3 million, while its net loss narrowed to $5 million and adjusted EBITDA improved to $12 million, helped by higher silver prices and stronger Cosalá performance. The company remains on track to produce 3.2 million to 3.6 million ounces of silver in 2026, with Cosalá production up 26% and high-grade drilling potentially supporting future mine-plan additions. Galena's shaft modernization more than doubled sustained hoisting capacity, and settlements with Sprott and Royal Gold eliminated over $76 million in future variable metal obligations and more than $28 million in annual debt servicing, leaving $89 million in cash.
Coeur Mining Tops $1 Billion in Quarterly Revenue for First Time
Coeur Mining reported its biggest quarter ever on August 6, with revenue crossing $1 billion for the first time, driven by the first full quarter of contributions from the newly acquired New Afton and Rainy River mines. Free cash flow hit a record $388 million, cash on hand doubled to $1.1 billion, and the company initiated its first dividend in 30 years at $0.02 per share. However, a noncash accounting charge of $140 million tied to the fair value uplift of acquired Rainy River inventory dented reported earnings, and both Canadian mines are still ramping up below original targets. Management expanded its buyback authorization to $750 million and repurchased $110 million of stock through June 30, while full-year guidance calls for roughly $2.3 billion of EBITDA and $1.5 billion of free cash flow.
CDE · Capital · Positive Record revenue, record free cash flow, first dividend in 30 years, expanded buyback, and strong guidance are all positive financial events.
Discovery Silver Corp. reported a sharp increase in second-quarter profit. Net income rose to $52.15 million, or $0.06 per share, from $5.53 million, or $0.01 per share, in the same period last year. Revenue climbed 124.7% to $319.09 million from $142.01 million a year earlier.
Coeur Mining Reports Record Q2 Revenue and Free Cash Flow
Coeur Mining reported record second-quarter financial results, with revenue of $1.1 billion, a 27% increase over the previous quarter and the first time the company has exceeded the $1 billion quarterly threshold. Adjusted EBITDA was $478.3 million, driven by the inclusion of a full quarter of results from the New Afton and Rainy River operations, while free cash flow reached $387.5 million, a 45% increase quarter over quarter. Gold production rose 69% to 163,490 ounces, silver production was flat at 4.4 million ounces, and copper production was 11.4 million pounds. The company ended the quarter with $1.1 billion in cash, more than double its balance at the end of 2025, and repurchased $121 million of shares while paying its first dividend in 30 years. Management updated full-year 2026 guidance to approximately $2.3 billion in EBITDA and $1.5 billion in free cash flow, reflecting a more gradual ramp-up at the Canadian assets and adjusted metal price assumptions.
Pan American Silver Misses Q2 Earnings and Revenue Estimates
Pan American Silver reported second-quarter adjusted earnings of $0.73 per share, missing the Zacks Consensus Estimate of $0.84 per share and marking a negative earnings surprise of 13.10%. Revenue came in at $1.12 billion, 3.36% below consensus and up from $811.9 million a year earlier. The company has now beaten consensus EPS estimates twice in the past four quarters. Ahead of the release, estimate revisions were unfavorable, giving the stock a Zacks Rank #4, or Sell, with consensus expectations of $1.06 per share on $1.3 billion in revenue for the coming quarter and $4.11 per share on $5 billion in revenue for the current fiscal year.
Pan American Silver Corp. reported a sharp increase in second-quarter earnings, helped by higher metal prices and stronger silver production. Net earnings rose to $305 million, or $0.72 per share, from $190 million, or $0.52 per share, in the year-ago quarter. Adjusted earnings nearly doubled to $308 million, or $0.73 per share, from $155 million, or $0.43 per share. Revenue increased to $1.124 billion from $812 million. Attributable silver production increased to 6.47 million ounces from 5.09 million ounces, while gold production declined to 165.9 thousand ounces from 178.7 thousand ounces. The company said silver and gold prices averaged $70.97 and $4,402 per ounce, respectively, during the quarter.
Pan American Silver Reports Record $300 Million Quarterly Shareholder Returns
Pan American Silver Corp. reported second quarter 2026 financial results, including record quarterly shareholder returns of $300 million through dividends and share repurchases. The company generated $344 million in attributable free cash flow and produced 6.47 million ounces of attributable silver, at the high end of its quarterly guidance range, while attributable gold production was 165.9 thousand ounces, below the guidance range. Revenue was $1.1 billion, with attributable revenue of $1.3 billion including its 44% share of Juanicipio, and net earnings were $305 million, or $0.72 per share. Pan American also announced it had renewed and amended its five-year senior unsecured revolving credit facility, doubling its size to $1.5 billion with an additional $750 million accordion feature, increasing total available liquidity to $3.2 billion. The company reiterated its 2026 operating outlook for production and costs, though it now expects full-year gold production at the low end of its guidance range of 700 to 750 thousand ounces.
Silvercorp Metals Q1 Non-GAAP EPS misses by $0.02, revenue beats by $5.07M
Silvercorp Metals reported first-quarter Non-GAAP earnings per share of $0.21, missing analyst estimates by $0.02, while revenue of $138.67 million beat expectations by $5.07 million and rose 70.5% year-over-year. The company produced approximately 1.5 million ounces of silver and 2,536 ounces of gold, or about 1.7 million ounces of silver equivalent, and sold 1.5 million ounces of silver, 2,454 ounces of gold, 13.7 million pounds of lead, and 4.2 million pounds of zinc. Cash cost per ounce of silver, net of by-product credits, was $1.33, up from $1.11 in the prior-year quarter, while all-in sustaining cost per ounce rose 36% to $18.38. Adjusted EBITDA attributable to equity shareholders reached $77.3 million, or $0.35 per share, compared with $35.0 million, or $0.16 per share, a year earlier. Cash flow from operating activities was $61.7 million, up from $48.3 million, and free cash flow increased to $28.6 million from $22.5 million.
Wheaton Precious Metals Q2 Earnings Beat Estimates on Higher Prices
Wheaton Precious Metals reported adjusted earnings of $1.19 per share for the second quarter of 2026, beating the Zacks Consensus Estimate of $1.15 by 3.48% and rising 89.7% year over year. Revenues surged 84.7% to $929 million, exceeding the consensus of $877 million, driven by a 61% increase in average realized gold-equivalent price and a 14% rise in gold-equivalent ounces sold to 209,115. The company reaffirmed its 2026 production guidance of 860,000 to 940,000 gold-equivalent ounces, with output weighted to the second half, and maintained its forecast of 1.2 million gold-equivalent ounces by 2030.
Wheaton Precious Metals raises quarterly dividend by 18%
Wheaton Precious Metals announced an 18% increase in its quarterly dividend alongside its second-quarter results. The company reported strong Q2 2026 sales and net income figures compared with the same quarter a year earlier. Management linked the higher dividend to confidence in Wheaton Precious Metals cash generation and business outlook. The company also reaffirmed its 2026 production guidance.
Wheaton Precious Metals Reports Record First-Half Results and Closes $4.3 Billion Antamina Stream Deal
Wheaton Precious Metals reported record first-half results, with production of 415,000 gold equivalent ounces and sales of 390,000 GEOs, positioning it to meet full-year guidance of 860,000 to 940,000 GEOs. Second-quarter production rose 6% to 202,000 GEOs, sales volumes increased 14% to 209,000 GEOs, and record quarterly revenue surged 85% to $929 million, driven by a 61% increase in average realized gold equivalent price and higher volumes. Net earnings climbed 86% to $543 million and operating cash flow rose 57% to $650 million. The quarter included the closing of a $4.3 billion silver stream transaction with BHP at the Antamina mine, the largest precious-metals streaming deal to date, which increased Wheaton's share of silver production at Antamina from 33.75% to 67.5% effective April 1. The company ended the quarter with about $100 million in cash, net debt of roughly $1.9 billion, and available liquidity of approximately $2.6 billion after expanding its revolving credit facility, and management said it is generating more than $200 million of free cash flow per month while pursuing accretive deals.
Coeur Mining Reports Record Gold Output, First Dividend in 30 Years, and $750 Million Buyback
Coeur Mining reported record quarterly gold production of 163,490 ounces and revenue of about US$1.09 billion in early August 2026, while also announcing its first dividend in three decades and a US$750 million share repurchase program. The company revised its full-year 2026 production guidance to approximately 690,000 ounces of gold, 20 million ounces of silver, and 45 million pounds of copper, a reduction from earlier higher ranges. The new capital return initiatives mark a shift in strategy, even as the lowered guidance keeps operational execution and cost control in focus.
Wheaton Precious Metals Reports Record Quarterly Revenue of $929 Million
Wheaton Precious Metals reported record quarterly revenue of $929 million, an 85% increase year-over-year, driven by higher gold and silver prices and increased sales volumes. Net earnings rose 86% to $543 million, while operating cash flow reached $650 million, up 57%. Second-quarter production was 202,000 gold equivalent ounces, a 6% increase, with sales volumes of 209,000 GEOs, up 14%. The company closed the Antamina silver stream with BHP, the largest precious metals streaming transaction ever, and ended the quarter with a net debt position of approximately $1.9 billion. Wheaton also paid $171 million in dividends and highlighted an industry-leading organic growth profile targeting 1.2 million GEOs by 2030.
Wheaton Precious Metals Corp. reported second-quarter revenue of $929.2 million, surpassing the Zacks Consensus Estimate of $876.78 million by 5.98%. Earnings per share came in at $1.19, beating the consensus estimate of $1.15 by 3.48%. Silver sales surged 188.9% year over year to $478.76 million, well above the $383.04 million analyst estimate, while gold sales rose 30.3% to $427.79 million but missed the $451.58 million estimate. The company produced 202.23 thousand gold equivalent ounces, below the 218.06 thousand ounce estimate, and realized lower-than-expected average prices for both gold and silver.
Coeur Mining Posts Record Revenue, Revises 2026 Guidance Lower for New Afton and Rainy River
Coeur Mining posted record quarterly revenue of $1.1 billion, a 27% increase quarter-over-quarter, driven by the first full quarter of contributions from New Afton and Rainy River. The company also reported record adjusted EBITDA of $478 million and free cash flow of $388 million, despite a $141 million non-cash acquisition accounting impact. However, Coeur revised its 2026 production guidance lower for both New Afton and Rainy River, and increased adjusted cost per ounce guidance for both assets, citing slower ramp-ups and cost inflation. The company expects a $140 million non-cash acquisition accounting impact in the second quarter, with a total of $244 million for the year, and a 10% increase in total operating costs at Rainy River, approximately $30 million. Coeur also initiated a $750 million buyback program and paid its first dividend in 30 years.
Wheaton Precious Metals declares third quarterly dividend of 2026, up 18% to US$0.195 per share
Wheaton Precious Metals declared its third quarterly cash dividend for 2026 at US$0.195 per common share, an 18% increase from the third quarterly dividend of 2025. The dividend will be paid to shareholders of record as of August 20, 2026, with distribution on or about September 3, 2026, and the ex-dividend date is August 20, 2026. The company also announced that for this dividend, shares issued under its Dividend Reinvestment Plan will be from treasury at the Average Market Price without a discount.
Wheaton Precious Metals raises quarterly dividend 18% to 19.5 cents
Wheaton Precious Metals declared a third-quarter cash dividend of 19.5 US cents per common share, an 18% increase from the same period last year. The dividend is payable on or about September 3, 2026 to shareholders of record as of August 20, 2026, with an ex-dividend date of August 20, 2026. The company also announced that shares issued under its Dividend Reinvestment Plan for this dividend will be from treasury at the average market price without a discount.
Wheaton Precious Metals reports record first-half revenue of $1.8 billion and net earnings of $1.1 billion
Wheaton Precious Metals announced record financial results for the first half of 2026, with revenue reaching $1.8 billion, net earnings of $1.1 billion, and operating cash flow of $1.4 billion. For the second quarter alone, the company posted revenue of $929 million, net earnings of $543 million, and operating cash flow of $650 million, driven by a 61% increase in average realized gold equivalent price and a 14% rise in gold equivalent ounces sold. The company also declared a quarterly dividend of $0.195 per common share and enhanced its financial flexibility by upsizing its revolving credit facility by $500 million to $2.5 billion and extending its maturity to June 2031. During the quarter, Wheaton completed several corporate development transactions, including entering into a precious metals purchase agreement with KGL Resources for the Jervois project and royalty agreements with Spanish Mountain Gold and Cipango Limited. Attributable gold equivalent production rose 6% year-over-year to 202,200 ounces, supported by the newly acquired BHP Antamina precious metals purchase agreement and contributions from Hemlo, Fenix, Platreef, and Goose.
Fortuna Mining Reports Strong Q2 2026 with $200.8 Million Adjusted EBITDA and Advances Growth Projects
Fortuna Mining Corp. reported second quarter 2026 results featuring $200.8 million in adjusted EBITDA with a 63% margin and $85.7 million in free cash flow from ongoing operations. The company produced 72,217 gold equivalent ounces at a consolidated all-in sustaining cost of $2,157 per ounce, which included $49 per ounce from external factors and $115 per ounce from one-time operational items. Fortuna also announced a final investment decision for the Séguéla plant expansion and delivered a feasibility study for the Diamba Sud project, which together are expected to grow production by 60% to over 500,000 ounces per year. The company returned $82.1 million to shareholders through share buybacks during the quarter and maintained a strong balance sheet with $756.7 million in liquidity and a net cash position of $435 million. Effective September 1, Luis Dario Ganoza will be promoted to President and Kevin O'Reilly to Chief Financial Officer.
Coeur Mining misses Q2 earnings and revenue estimates
Coeur Mining reported quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.22 per share and marking an earnings surprise of -45.46%. Revenue for the quarter ended June 2026 came in at $1.09 billion, below the consensus estimate by 12.59% but more than double the year-ago figure of $480.65 million. The company has not surpassed consensus EPS estimates in any of the last four quarters. Coeur Mining shares have lost about 9.1% year to date, while the S&P 500 has gained 13%. Ahead of the report, estimate revisions were unfavorable, translating into a Zacks Rank #5, or Strong Sell.
Wheaton Precious Metals' streaming model shields against inflation as it targets 1.2 million ounces by 2030
Wheaton Precious Metals' asset-light streaming model, which locks in predetermined prices for future gold and silver production, has reinforced its investment appeal by limiting exposure to rising operating and inflation-driven costs that burden traditional miners. The company issued guidance on February 16, 2026, targeting 860,000 to 940,000 gold equivalent ounces in 2026 and approximately 1.2 million gold equivalent ounces by 2030, a growth trajectory that hinges on the timely delivery of projects such as Salobo III, Blackwater, Goose, and Platreef. Some analysts project revenue of about US$5.2 billion and earnings near US$3.0 billion by 2029, though they also flag portfolio concentration as a potential risk. The streaming model's inflation resistance supports the bullish thesis but does not alter the near-term catalyst of whether production growth materializes on schedule, nor the risk of margin compression from an increasingly competitive streaming market.
Wheaton Precious Metals Posts Record Q1 Earnings, Revenue Surges 92%
Wheaton Precious Metals reported record first-quarter results, with revenue surging 92% year over year and net earnings reaching a record $582 million, up 129% from last year. The precious metals streaming company, which finances miners in exchange for the right to buy future production at discounted prices, declared a dividend of $0.195 per common share in May, an 18% increase from the prior year. Wheaton’s business model locks in contractual agreements to purchase silver and gold at 15% to 20% of the spot price, insulating it from rising operational costs that pressure traditional miners. The company projects 50% production growth by 2030, targeting output of 1.2 million Gold Equivalent Ounces per year. Despite a recent 33% stock decline, major banks like JPMorgan Chase forecast gold at around $6,300 per ounce and silver at around $85 per ounce by the end of 2027, supporting the outlook for Wheaton’s earnings.
Endeavour Silver swings to record Q2 profit on Terronera and Kolpa output
Endeavour Silver Corp. reported second-quarter 2026 sales of US$212.1 million and net income of US$66.5 million, swinging from a loss a year earlier and contributing to six-month revenue of US$421.8 million and net income of US$131.4 million. Record production from the Terronera and Kolpa mines, along with higher metal prices, boosted cash flow even as royalties, mining taxes, labor and supply costs, and a stronger Mexican peso pushed operating expenses higher. The results ease near-term liquidity concerns but highlight that rising costs and currency pressures remain key risks as the company executes at new and legacy mines. The core growth story now rests on Terronera and Kolpa sustaining higher production and cash generation, with Pitarrilla as a longer-dated option.
Fortuna approves 30% capacity expansion at Séguéla gold mine
Fortuna Mining Corp. has approved a 30% capacity expansion of its Séguéla Gold Mine in Côte d’Ivoire. The project will increase processing throughput from 1.75 million tonnes per annum to 2.3 million tonnes per annum, with average gold recovery expected to reach 94.5%, supporting average annual production of more than 200,000 ounces over the next decade. Estimated construction capital is $109 million, to be funded from operating cash flow and backed by approximately $800 million in liquidity as of the end of the first quarter of 2026, with a projected payback period of about 2.5 years. The expansion includes upgrades to the processing plant, supporting infrastructure, and development of the Sunbird underground mine, with construction expected to begin in the second half of 2026 and ramp-up to full throughput targeted for the second half of 2028. President and CEO Jorge A. Ganoza said the expansion advances Fortuna’s objective of increasing consolidated annual gold production toward 500,000 ounces by 2028.
Endeavour Silver Reports Record Revenue and Strong Q2 2026 Production Growth
Endeavour Silver announced second quarter 2026 financial results highlighted by record ounces sold and a 149% surge in revenue to $212.1 million. Consolidated silver production rose 31% to 1,943,955 ounces and gold output increased 35% to 10,474 ounces, yielding 3.4 million silver equivalent ounces. Mine operating cash flow before taxes jumped 336% to $99.9 million, while net earnings swung to $66.5 million from a loss of $20.5 million a year earlier. The company ended the quarter with a strong cash position of $236.6 million and working capital of $214.4 million, supported by higher throughput at the Kolpa mine and the commissioning of the Terronera LNG plant.
First Majestic Silver Receives Construction Permits for Santa Elena Mine Expansion
First Majestic Silver Corp. announced it has received construction permits for the Santo Niño and Navidad portals at its Santa Elena mine in Mexico. The company plans to invest an additional $12 million throughout the year to accelerate underground access and prepare the Santo Niño project for near-term mining operations. The announcement follows positive infill drilling results from both vein systems, which returned significant silver and gold intercepts that outperformed initial models and confirmed high-grade mineralization. Management expects these targets to become major contributors to the Santa Elena site, with the potential to materially extend the mine's overall lifespan.
First Majestic Silver raises 2026 production guidance, backs it with up to US$344 million capital program
First Majestic Silver Corp. has raised its 2026 production guidance following year-over-year growth in second-quarter silver and gold output across its Mexican operations. The company is supporting the higher outlook with a larger capital program of US$318 million to US$344 million, which includes the Jerritt Canyon restart and new underground access to the Navidad and Santo Niño deposits at Santa Elena. A new CFO has been appointed from the Canada Pension Plan Investment Board and BHP. The updated guidance reinforces production growth as a key near-term catalyst, but also sharpens the risk that higher operating and capital costs could pressure margins if volumes or realized prices do not keep pace.
AG · Supply · Positive Raised 2026 production guidance and increased capital program to support growth, including Jerritt Canyon restart.
SILVER · Supply · Positive Higher silver production guidance from a major miner could increase supply, but the article focuses on company-specific guidance; impact on silver futures is indirect and mixed with cost risks.
First Majestic Silver Agrees to Sell San Martin Mine for $90 Million
First Majestic Silver has agreed to sell its San Martin Silver Mine in Jalisco, Mexico, to Flextronics Supply and Service for total proceeds of $90 million. The transaction includes the transfer of all shares of the subsidiary holding the mine and the associated Jalisco Group of Properties. The payment structure consists of an upfront cash payment of $2.5 million, with the remaining $87.5 million to be paid through a series of scheduled installments over the next several years, including a concluding $35 million payment due on August 31, 2032. The sale remains subject to customary closing conditions and Mexican Antitrust approval, with the company expecting the deal to close in the fourth quarter of 2026. The San Martin operation, a past producer of silver and gold, has been held by First Majestic Silver under care and maintenance since July 2019.
Mexico
Canada
