55 mins. ago
On August 6, Wheaton Precious Metals (NYSE:WPM) reported second-quarter net earnings of $543 million on $929 million of revenue, both records. Through the first half, net earnings rose 106% to $1.1 billion. During the quarter, the company also made net upfront cash payments of $4.5 billion relative to mineral stream interests, and it now carries $2.0 billion of total debt against $100 million of cash on hand. Here is what that trade looks like up close.
Start with what the streaming model does when prices climb. Wheaton sold 14% more gold equivalent ounces than a year ago, but the average realized gold equivalent price jumped 61% in Q2, and that higher price explains most of the revenue surge. Costs per ounce rose from $406 to $568, yet the cash operating margin per ounce still grew 65% to $3,875, faster than gold itself appreciated. Operating cash flow hit $650 million in the quarter and $1.4 billion for the half.
The second argument is that plenty of growth hasn't arrived yet. Only about 3% of this year's production comes from **** ets still in construction or ramp-up, and the company forecasts a rise of roughly 50% to 1,200,000 gold equivalent ounces by 2030. Some of that ramp has dates attached. Ivanhoe now expects commercial production at Platreef in the fourth quarter of 2026, and Montage Gold is targeting first gold at Koné in late Q4. Effective April 1, Wheaton expanded its share of silver production from Antamina from 33.75% to 67.5% through the newly acquired BHP Antamina PMPA.
Growth on this scale wasn't free. Wheaton had no bank debt at the end of 2025. On April 1, it drew $1.5 billion on a new two-year term loan to help pay for Antamina, and finance costs that were negligible a year ago now take a real bite. Net debt stands at $1.9 billion. Taxes are heavier too. Wheaton paid $109 million of global minimum tax on June 24, and another Cdn$346 million is due around March 31, 2027.
Operations also gave investors a few reasons for caution. Gold ounces produced slipped 2.6% year over year, so the 6% rise in gold equivalent production leaned heavily on the Antamina purchase. Gold output at Salobo fell 11% on lower grades. At Constancia, it fell 35% after mining at the higher-grade Pampacancha pit finished in the fourth quarter of 2025. Hemlo Mining said on July 20 that its second-quarter output fell below the first quarter's, and Rio2 said on May 15 that Fenix missed planned tonnes and grade in Q1. And because the revenue jump came mainly from price, the same leverage works in reverse if metals slip.
#wheaton
Start with what the streaming model does when prices climb. Wheaton sold 14% more gold equivalent ounces than a year ago, but the average realized gold equivalent price jumped 61% in Q2, and that higher price explains most of the revenue surge. Costs per ounce rose from $406 to $568, yet the cash operating margin per ounce still grew 65% to $3,875, faster than gold itself appreciated. Operating cash flow hit $650 million in the quarter and $1.4 billion for the half.
The second argument is that plenty of growth hasn't arrived yet. Only about 3% of this year's production comes from **** ets still in construction or ramp-up, and the company forecasts a rise of roughly 50% to 1,200,000 gold equivalent ounces by 2030. Some of that ramp has dates attached. Ivanhoe now expects commercial production at Platreef in the fourth quarter of 2026, and Montage Gold is targeting first gold at Koné in late Q4. Effective April 1, Wheaton expanded its share of silver production from Antamina from 33.75% to 67.5% through the newly acquired BHP Antamina PMPA.
Growth on this scale wasn't free. Wheaton had no bank debt at the end of 2025. On April 1, it drew $1.5 billion on a new two-year term loan to help pay for Antamina, and finance costs that were negligible a year ago now take a real bite. Net debt stands at $1.9 billion. Taxes are heavier too. Wheaton paid $109 million of global minimum tax on June 24, and another Cdn$346 million is due around March 31, 2027.
Operations also gave investors a few reasons for caution. Gold ounces produced slipped 2.6% year over year, so the 6% rise in gold equivalent production leaned heavily on the Antamina purchase. Gold output at Salobo fell 11% on lower grades. At Constancia, it fell 35% after mining at the higher-grade Pampacancha pit finished in the fourth quarter of 2025. Hemlo Mining said on July 20 that its second-quarter output fell below the first quarter's, and Rio2 said on May 15 that Fenix missed planned tonnes and grade in Q1. And because the revenue jump came mainly from price, the same leverage works in reverse if metals slip.
#wheaton
14 days ago
Division III powerhouse Mount Union lost its first regular-season game since 2016 on Saturday.
The Purple Raiders fell 24-23 to Wheaton in their 2026 season-opener after Wheaton blocked a game-tying extra point with 22 seconds to go. Mount Union's Kayden Minner scored on a 1-yard run ahead of the failed extra point, and the Purple Raiders elected to go for the tie and potential overtime instead of what could have been a game-winning two-point conversion.
After blocking the PAT, Wheaton then recovered Mount Union's onside kick.
The loss snapped a regular-season win streak that lasted 85 games. Before Saturday, the last time Mount Union lost a non-playoff game was on Nov. 12, 2016, when John Carroll scored a 31-28 win. Most of the members of that Mount Union team are now in their 30s.
Mount Union made the semifinals of the D3 playoffs that season and won the 2017 national ****** le with a 15-0 season. Since then, the team has, remarkably, not won a national championship as the regular-season win streak lived on. Over the past six full seasons, Mount Union has lost the Stagg Bowl three times and was eliminated in the third round of the Division III playoffs in 2025 after an 11-0 start.
#point
The Purple Raiders fell 24-23 to Wheaton in their 2026 season-opener after Wheaton blocked a game-tying extra point with 22 seconds to go. Mount Union's Kayden Minner scored on a 1-yard run ahead of the failed extra point, and the Purple Raiders elected to go for the tie and potential overtime instead of what could have been a game-winning two-point conversion.
After blocking the PAT, Wheaton then recovered Mount Union's onside kick.
The loss snapped a regular-season win streak that lasted 85 games. Before Saturday, the last time Mount Union lost a non-playoff game was on Nov. 12, 2016, when John Carroll scored a 31-28 win. Most of the members of that Mount Union team are now in their 30s.
Mount Union made the semifinals of the D3 playoffs that season and won the 2017 national ****** le with a 15-0 season. Since then, the team has, remarkably, not won a national championship as the regular-season win streak lived on. Over the past six full seasons, Mount Union has lost the Stagg Bowl three times and was eliminated in the third round of the Division III playoffs in 2025 after an 11-0 start.
#point
25 days ago
When you find out an actor whose work you enjoy is blatantly racist and antisemitic in real life, does that realization ruin every movie they've been a part of?
What about an author who has expressed harmful opinions about a marginalized group? What about a smart, witty comedian who turns out to be a serial ******* ual ******* aulter? Where do you draw the line between a creator and their creation? As someone with his feet in both worlds, actor Wil Wheaton weighed in on that question and offered a refreshingly reasonable perspective back in 2021.
"Question: I have more of an opinion question for you. When fans of things hear about misconduct happening on sets/behind-the-scenes are they allowed to still enjoy the thing? Or should it be boycotted completely? Example: I've been a major fan of Buffy the Vampire Slayer since I was a teenager and it was currently airing. I really nerded out on it and when I lost my Dad at age 16. 'The Body' episode had me in such cathartic tears. Now we know about Joss Whedon. I haven't rewatched a single episode since his behavior came to light. As a fan, do I respectfully have to just box that away? Is it disrespectful of the actors that went through it to knowingly keep watching?"
Wil Wheaton in 2026. Photo credit: wikipedia
And Wheaton offered this response, which he shared:
#question #actor #example
What about an author who has expressed harmful opinions about a marginalized group? What about a smart, witty comedian who turns out to be a serial ******* ual ******* aulter? Where do you draw the line between a creator and their creation? As someone with his feet in both worlds, actor Wil Wheaton weighed in on that question and offered a refreshingly reasonable perspective back in 2021.
"Question: I have more of an opinion question for you. When fans of things hear about misconduct happening on sets/behind-the-scenes are they allowed to still enjoy the thing? Or should it be boycotted completely? Example: I've been a major fan of Buffy the Vampire Slayer since I was a teenager and it was currently airing. I really nerded out on it and when I lost my Dad at age 16. 'The Body' episode had me in such cathartic tears. Now we know about Joss Whedon. I haven't rewatched a single episode since his behavior came to light. As a fan, do I respectfully have to just box that away? Is it disrespectful of the actors that went through it to knowingly keep watching?"
Wil Wheaton in 2026. Photo credit: wikipedia
And Wheaton offered this response, which he shared:
#question #actor #example
29 days ago
PEORIA, Ill. (WMBD) -- Week one of high school football has come to a close with tons of action across our area.
Steve Suess and Jonathan Michel join Ryan Risky and Kurt Pegler to break down Normal Community vs Bloomington, Washington vs Wheaton North, and Richwoods vs Peoria High
Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.For the latest news, weather, sports, and streaming video, head to CIProud.com.
#high #suess #michel #ryan
Steve Suess and Jonathan Michel join Ryan Risky and Kurt Pegler to break down Normal Community vs Bloomington, Washington vs Wheaton North, and Richwoods vs Peoria High
Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.For the latest news, weather, sports, and streaming video, head to CIProud.com.
#high #suess #michel #ryan
3 months ago
Dwayne "The Rock" Johnson on Tuesday was roundly criticized after confirming earlier this month that he will no longer publicly discuss politics, catching flak from "Star Trek" icon George Takei and "Stand By Me" star Wil Wheaton — who called him a "coward."
Johnson was the highest-paid actor in Hollywood for several years and has arguably curated a nonconfrontational persona regarding politics, even as President Donald Trump launched mass deportations, lethal immigration raids, de facto coups and a war on Iran.
Politics: Rogue Elevator Thwarts MAGA Senator's Excruciatingly Awkward Attempt To Duck Questions
"I've learned I'm going to keep my politics to myself," Johnson told Esquire magazine in an interview published earlier this month. "There are moments when, hey, there's nothing we can't talk about. If I'm wrong, I'll tell you I'm wrong."
The former wrestler continued at the time, "Or if I feel like I got a leg up and this is the right way to go, I'll share it with you. Politics is omnipresent and it's forever. I don't like it. [Laughs.] I hate it at times. I hate the slinging. I hate all the ******** that comes with it."
Johnson was the highest-paid actor in Hollywood for several years and has arguably curated a nonconfrontational persona regarding politics, even as President Donald Trump launched mass deportations, lethal immigration raids, de facto coups and a war on Iran.
Politics: Rogue Elevator Thwarts MAGA Senator's Excruciatingly Awkward Attempt To Duck Questions
"I've learned I'm going to keep my politics to myself," Johnson told Esquire magazine in an interview published earlier this month. "There are moments when, hey, there's nothing we can't talk about. If I'm wrong, I'll tell you I'm wrong."
The former wrestler continued at the time, "Or if I feel like I got a leg up and this is the right way to go, I'll share it with you. Politics is omnipresent and it's forever. I don't like it. [Laughs.] I hate it at times. I hate the slinging. I hate all the ******** that comes with it."
3 months ago
Dwayne Johnson's views on being silent about politics are drawing criticism from the Hollywood industry. He earlier said that he would refrain from publicly endorsing and would keep politics to himself. He revealed what his experience of being vocal about politics has taught him while sharing his utmost dislike for this specific profession.
Dwayne Johnson received backlash over his staying out of politics from Hollywood peers, including Wil Wheaton and George Takei. The Star Trek: The Next Generation star took to Threads to slam Johnson. He wrote, "So disappointing to find out he is such a coward." On the other hand, Takei also took to the same platform to call him out by saying, "Silence is complicity."
This backlash comes amid a published interview from a few weeks ago by Esquire, where Johnson revealed how he approaches politics now. "What I have learned through experience is that I need to keep—need, not want—the main thing. And the main thing for me, the thing that in the morning I swing my legs out of bed and I run towards, is creating. It's art. It's storytelling. I've learned I'm going to keep my politics to myself," he said.
Johnson further revealed that there are moments when anyone can talk about anything. However, he approaches things differently; if he thinks something is wrong, he admits it. Whereas if the "Moana" actor feels he has a better understanding of a certain matter, he shares his outlook. "Politics is omnipresent and it's forever. I don't like it. I hate it at times. I hate the slinging. I hate all the bullshit that comes with it," he said, showcasing his dislike towards politics.
In 2024, Johnson revealed that he regretted endorsing Joe Biden earlier. Therefore, he remained mum during the 2024 elections, as he wanted to avoid the same mistake. He said, "The endorsement that I made years ago with Biden was one I thought was the best decision for me at that time… Am I going to do it again this year? That answer's no" (via The New York Post).
Dwayne Johnson received backlash over his staying out of politics from Hollywood peers, including Wil Wheaton and George Takei. The Star Trek: The Next Generation star took to Threads to slam Johnson. He wrote, "So disappointing to find out he is such a coward." On the other hand, Takei also took to the same platform to call him out by saying, "Silence is complicity."
This backlash comes amid a published interview from a few weeks ago by Esquire, where Johnson revealed how he approaches politics now. "What I have learned through experience is that I need to keep—need, not want—the main thing. And the main thing for me, the thing that in the morning I swing my legs out of bed and I run towards, is creating. It's art. It's storytelling. I've learned I'm going to keep my politics to myself," he said.
Johnson further revealed that there are moments when anyone can talk about anything. However, he approaches things differently; if he thinks something is wrong, he admits it. Whereas if the "Moana" actor feels he has a better understanding of a certain matter, he shares his outlook. "Politics is omnipresent and it's forever. I don't like it. I hate it at times. I hate the slinging. I hate all the bullshit that comes with it," he said, showcasing his dislike towards politics.
In 2024, Johnson revealed that he regretted endorsing Joe Biden earlier. Therefore, he remained mum during the 2024 elections, as he wanted to avoid the same mistake. He said, "The endorsement that I made years ago with Biden was one I thought was the best decision for me at that time… Am I going to do it again this year? That answer's no" (via The New York Post).
