Brazil was Wheaton Precious Metals’s largest region in fiscal 2025, bringing in $1.04B of $2.31B (45%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Brazil | $296.15M | $399.94M | $539.58M | $1.04B | ||||||
| Peru | $253.44M | $233.44M | $284.08M | $451.16M | ||||||
| Mexico | $266.37M | $200.15M | $283.35M | $438.23M | ||||||
| Canada | $124.71M | $60.16M | $52.86M | $167.97M | ||||||
| United States | $48.74M | $35.34M | $38.59M | $33.35M | ||||||
| Sweden | $41.61M | $48.18M | $53.65M | $89.20M | ||||||
| Portugal | $25.73M | $33.38M | $22.70M | $78.53M | ||||||
| Argentina / Chile | — | — | — | — | ||||||
| Greece | $3.29M | — | — | — | ||||||
| Colombia | $5.02M | $5.47M | $6.69M | $12.07M | ||||||
| Chile | — | — | $1.94M | $4.22M | ||||||
| Ecuador | — | — | $1.20M | — | ||||||
| Total | $1.07B | $1.02B | $1.28B | $2.31B |
Wheaton Precious Metals brought in $2.31B from its nine regions in fiscal 2025, the year ended December 31, 2025. Wheaton Precious Metals regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $1.28B. Brazil was the largest at $1.04B (44.9%), ahead of Peru at $451.16M (19.5%) and Mexico at $438.23M (18.9%). The other six regions brought in $385.33M combined.
Compared with fiscal 2024, Portugal grew fastest, up 246.0% to $78.53M. Every region above 2% of revenue grew.
Wheaton Precious Metals began breaking out Chile in fiscal 2024, when it brought in $1.94M. Wheaton Precious Metals stopped reporting Greece ($3.29M in fiscal 2022) and Ecuador ($1.20M in fiscal 2024) as separate regions.
Salobo was Wheaton Precious Metals’s largest segment in fiscal 2025, bringing in $1.04B of $2.20B (47%).
| Segments [axis] | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Salobo | $296.15M | $399.94M | $539.58M | $1.04B | ||
| Penasquito | $174.64M | $101.51M | $193.87M | $301.59M | ||
| Other Silver Interests | $143.78M | $99.31M | $97.98M | $196.45M | ||
| Antamina | $107.79M | $86.86M | $100.72M | $230.10M | ||
| San Dimas | $75.24M | $82.66M | $68.65M | $109.41M | ||
| Constancia | $54.87M | $95.67M | $118.10M | $131.90M | ||
| Blackwater | — | — | — | $56.55M | ||
| Sudbury | $39.21M | $37.43M | $39.10M | $58.29M | ||
| Stillwater | $32.16M | $18.50M | $21.59M | $22.81M | ||
| Other Gold Interests | $47.65M | $11.59M | $9.03M | $17.38M | ||
| Voisey'S Bay | $32.19M | $14.82M | $13.76M | $31.18M | ||
| Total | $1.00B | $948.29M | $1.20B | $2.20B |
Wheaton Precious Metals brought in $2.20B from its 11 segments in fiscal 2025, the year ended December 31, 2025. That is less than the $2.31B it reports by geography, so these segments do not cover all of its revenue. Salobo was the largest at $1.04B (47.4%), ahead of Penasquito at $301.59M (13.7%) and Antamina at $230.10M (10.5%). The other eight segments brought in $623.96M combined.
Compared with fiscal 2024, Antamina grew fastest, up 128.5% to $230.10M. Every segment above 2% of revenue grew. Some of that change comes from Wheaton Precious Metals regrouping its segments.
Wheaton Precious Metals began breaking out Blackwater in fiscal 2025, when it brought in $56.55M.
Salobo was Wheaton Precious Metals’s largest revenue line in fiscal 2019, bringing in $365.45M of $816.42M (45%).
| Mineral Stream Interests [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|
| Salobo | $253.58M | $317.60M | $336.47M | $365.45M |
| Other Silver Interests | $155.28M | $132.05M | $104.80M | $98.60M |
| Antamina | $120.92M | $100.62M | $86.41M | $76.33M |
| Penasquito | $71.20M | $87.91M | $77.69M | $74.58M |
| San Dimas | $91.93M | $65.68M | $40.59M | $62.53M |
| Other Gold Interests | $85.46M | $59.97M | $33.96M | $29.92M |
| Sudbury | $53.38M | $35.25M | $21.79M | $38.23M |
| Constancia | $41.02M | $33.03M | $34.08M | $38.90M |
| Stillwater | — | — | $9.24M | $31.89M |
| Total | $872.77M | $832.09M | $745.03M | $816.42M |
Wheaton Precious Metals brought in $816.42M from its nine revenue lines in fiscal 2019, the year ended December 31, 2019. That was up 9.6% from $745.03M in fiscal 2018. Salobo was the largest at $365.45M (44.8%), ahead of Other Silver Interests at $98.60M (12.1%) and Antamina at $76.33M (9.3%). The other six revenue lines brought in $276.04M combined.
Compared with fiscal 2018, Stillwater grew fastest, up 245.1% to $31.89M, while Other Gold Interests fell the most, down 11.9% to $29.92M.
Wheaton Precious Metals began breaking out Stillwater in fiscal 2018, when it brought in $9.24M.
Wheaton Precious Metals (WPM) reports its revenue by geography, by segments [axis] and by mineral stream interests [axis]. In fiscal 2025, Brazil was its largest region, bringing in $1.04B (44.9% of the total), followed by Peru at $451.16M (19.5%).
Brazil was Wheaton Precious Metals' largest region in fiscal 2025, bringing in $1.04B, or 44.9% of the $2.31B total across its nine regions.
Salobo was Wheaton Precious Metals' largest segment in fiscal 2025, bringing in $1.04B, or 47.4% of the $2.20B total across its 11 segments.
Salobo was Wheaton Precious Metals' largest revenue line in fiscal 2019, bringing in $365.45M, or 44.8% of the $816.42M total across its nine revenue lines.
Among Wheaton Precious Metals' revenue lines that make up at least 2% of revenue, Stillwater grew fastest in fiscal 2019, up 245.1% from $9.24M to $31.89M.
Every figure comes from Wheaton Precious Metals' annual financial filings, as reported. Each line keeps the name Wheaton Precious Metals gives it, and years follow its fiscal calendar.
Wheaton Precious Metals' revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.