EX-99.3

Exhibit 99.3

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Condensed Interim Consolidated Statements of Earnings


			Three Months Ended September 30				Nine Months Ended September 30

(US dollars and shares in thousands, except per share amounts - unaudited)	Note		2026		2025		2026		2025

Sales		6	$	771,734	$	476,257	$	2,602,404	$	1,449,886

Cost of sales

Cost of sales, excluding depletion			$	105,337	$	74,303	$	349,423	$	224,107

Depletion				127,893		65,966		327,247		217,662

Total cost of sales			$	233,230	$	140,269	$	676,670	$	441,769

Gross margin			$	538,504	$	335,988	$	1,925,734	$	1,008,117

General and administrative		7		10,225		10,424		34,524		34,970

Share based compensation		8		13,528		8,652		28,447		30,795

Donations and community investments		9		3,740		1,406		9,902		6,466

Earnings from operations			$	511,011	$	315,506	$	1,852,861	$	935,886

Gain on disposal of mineral stream interests		12		-		85,724		-		85,724

Other income (expense)		10		1,761		12,834		28,568		30,090

Earnings before finance costs and income taxes			$	512,772	$	414,064	$	1,881,429	$	1,051,700

Finance costs		16.4		25,097		1,441		57,599		4,309

Earnings before income taxes			$	487,675	$	412,623	$	1,823,830	$	1,047,391

Income tax expense		22		77,427		45,407		288,302		133,920

Net earnings			$	410,248	$	367,216	$	1,535,528	$	913,471

Basic earnings per share			$	0.903	$	0.809	$	3.381	$	2.013

Diluted earnings per share			$	0.902	$	0.807	$	3.375	$	2.009

Weighted average number of shares outstanding

Basic		20		454,171		453,967		454,117		453,850

Diluted		20		455,030		454,768		454,992		454,625

The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [2]

Condensed Interim Consolidated Statements of Comprehensive Income


			Three Months Ended September 30				Nine Months Ended September 30

(US dollars in thousands - unaudited)	Note		2026		2025		2026		2025

Net earnings			$	410,248	$	367,216	$	1,535,528	$	913,471

Other comprehensive income
Items that will not be reclassified to net earnings

Gain on LTIs¹		15	$	17,105	$	81,375	$	63,478	$	148,056

Income tax expense related to LTIs		18.3		(2,309)		(10,191)		(8,570)		(16,487)

Total other comprehensive income			$	14,796	$	71,184	$	54,908	$	131,569

Total comprehensive income			$	425,044	$	438,400	$	1,590,436	$	1,045,040

LTIs = long-term equity investments – common shares held.

The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [3]

Condensed Interim Consolidated Balance Sheets



(US dollars in thousands - unaudited)	Note		As at September 30 2026		As at December 31 2025

Assets

Current assets

Cash and cash equivalents		21	$	145,802	$	1,153,593

Accounts receivable		11		13,904		46,723

Other				3,134		3,853

Total current assets			$	162,840	$	1,204,169

Non-current assets

Mineral stream interests		12	$	11,689,979	$	7,397,149

Early deposit mineral stream interests		13		47,097		47,094

Mineral royalty interests		14		67,689		40,421

Long-term equity investments		15		202,571		410,495

Property, plant and equipment				9,409		9,926

Other		23		42,636		16,527

Total non-current assets			$	12,059,381	$	7,921,612

Total assets			$	12,222,221	$	9,125,781

Liabilities

Current liabilities

Accounts payable and accrued liabilities			$	16,441	$	22,557

Income taxes payable				246,555		109,951

Current portion of performance share units		19.1		22,029		21,604

Current portion of lease liabilities		16.3		600		575

Total current liabilities			$	285,625	$	154,687

Non-current liabilities

Bank debt		16	$	1,597,518	$	-

Performance share units		19.1		6,323		13,215

Lease liabilities		16.3		6,715		7,330

Income taxes payable - non-current				254,860		252,271

Deferred income taxes				34,779		1,794

Pension liability				4,397		5,976

Total non-current liabilities			$	1,904,592	$	280,586

Total liabilities			$	2,190,217	$	435,273

Shareholders’ equity

Issued capital		17	$	3,827,121	$	3,814,910

Reserves		18		102,870		176,911

Retained earnings				6,102,013		4,698,687

Total shareholders’ equity			$	10,032,004	$	8,690,508

Total liabilities and shareholders’ equity			$	12,222,221	$	9,125,781

The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.

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Condensed Interim Consolidated Statements of Cash Flows


			Three Months Ended September 30				Nine Months Ended September 30

(US dollars in thousands - unaudited)	Note		2026		2025		2026		2025

Operating activities

Net earnings			$	410,248	$	367,216	$	1,535,528	$	913,471

Adjustments for

Depreciation and depletion				128,198		66,273		328,289		218,589

Gain on disposal of mineral stream interest		12		-		(85,724)		-		(85,724)

Equity settled share based compensation		8		1,770		1,612		5,160		4,846

Performance share units - expense		19.1		11,758		7,040		23,287		25,949

Performance share units - paid		19.1		-		-		(29,257)		(17,209)

Income tax expense		22		77,427		45,407		288,302		133,920

Investment income recognized in net earnings				(1,659)		(9,957)		(17,330)		(27,746)

Other				25,378		(470)		47,544		2,701

Change in non-cash working capital		21		13,328		(17,512)		23,236		(31,963)

Cash generated from operations before income taxes and interest			$	666,448	$	373,885	$	2,204,759	$	1,136,834

Income taxes paid				(72)		(422)		(109,515)		(3,604)

Interest paid				(22,974)		(132)		(52,860)		(310)

Interest received				1,454		9,622		17,812		25,785

Cash generated from operating activities			$	644,856	$	382,953	$	2,060,196	$	1,158,705

Financing activities

Bank debt repaid		16	$	(372,000)	$	-	$	(1,100,000)	$	-

Bank debt drawn		16		-		-		2,700,000		-

Debt issue costs		16		(37)		(93)		(5,155)		(955)

Share purchase options exercised		18.1		996		1,942		2,542		6,415

Lease payments				(140)		(127)		(423)		(338)

Dividends paid		17.2		(87,673)		(74,232)		(258,965)		(222,171)

Cash (used for) generated from financing activities			$	(458,854)	$	(72,510)	$	1,337,999	$	(217,049)

Investing activities

Mineral stream interests		12	$	(86,667)	$	(250,630)	$	(4,621,850)	$	(694,321)

Early deposit mineral stream interests		13		-		-		(3)		-

Mineral royalty interests		14		(194)		-		(27,268)		-

Net proceeds on disposal of mineral stream interests				-		101,730		-		101,730

Acquisition of long-term investments		15		(37,642)		(9,711)		(52,249)		(9,714)

Proceeds on disposal of long-term investments		15		-		-		323,421		-

Dividends received				-		239		-		765

Other				(15,089)		(231)		(21,922)		(722)

Cash used for investing activities			$	(139,592)	$	(158,603)	$	(4,399,871)	$	(602,262)

Effect of exchange rate changes on cash and cash equivalents			$	(800)	$	(19)	$	(6,115)	$	146

Increase (decrease) in cash and cash equivalents			$	45,610	$	151,821	$	(1,007,791)	$	339,540

Cash and cash equivalents, beginning of period				100,192		1,005,885		1,153,593		818,166

Cash and cash equivalents, end of period		21	$	145,802	$	1,157,706	$	145,802	$	1,157,706

The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.

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Condensed Interim Consolidated Statements of Shareholders’ Equity



	Number of Shares (000’s)		Issued Capital		Reserves								Retained Earnings		Total
(US dollars in thousands - unaudited)	Number of Shares (000’s)		Issued Capital		Share Purchase Options Reserve		Restricted Share Units Reserve		LTI ¹ Revaluation Reserve (Net of Tax)		Total Reserves		Retained Earnings		Total

At January 1, 2025		453,677	$	3,798,108	$	23,361	$	8,859	$	(95,723)	$	(63,503)	$	3,524,774	$	7,259,379

Total comprehensive income				-		-		-		60,385		60,385		546,255		606,640

SBC ¹ expense				-		1,290		1,944		-		3,234		-		3,234

Options ¹ exercised		112		5,409		(1,018)		-		-		(1,018)		-		4,391

RSUs ¹ released		142		4,752		-		(4,752)		-		(4,752)		-		-

Dividends (Note 17.2)		23		1,841		-		-		-		-		(149,780)		(147,939)

At June 30, 2025		453,954	$	3,810,110	$	23,633	$	6,051	$	(35,338)	$	(5,654)	$	3,921,249	$	7,725,705

Total comprehensive income				-		-		-		71,184		71,184		367,216		438,400

Income tax recovery (expense)				-		-		-		-		-		(776)		(776)

SBC ¹ expense				-		685		927		-		1,612		-		1,612

Options ¹ exercised		49		2,500		(452)		-		-		(452)		-		2,048

Dividends (Note 17.2)		7		671		-		-		-		-		(74,903)		(74,232)

At September 30, 2025		454,010	$	3,813,281	$	23,866	$	6,978	$	35,846	$	66,690	$	4,212,786	$	8,092,757

Total comprehensive income				-		-		-		108,755		108,755		558,249		667,004

Income tax recovery (expense)				-		-		-		-		-		2,564		2,564

SBC ¹ expense				-		678		951		-		1,629		-		1,629

Options ¹ exercised		17		913		(163)		-		-		(163)		-		750

Dividends		7		716		-		-		-		-		(74,912)		(74,196)

At December 31, 2025		454,034	$	3,814,910	$	24,381	$	7,929	$	144,601	$	176,911	$	4,698,687	$	8,690,508

Total comprehensive income				-		-		-		40,113		40,113		1,125,280		1,165,393

Income tax recovery (expense)				-		-		-		-		-		900		900

SBC ¹ expense				-		1,429		1,961		-		3,390		-		3,390

Options ¹exercised		34		1,903		(357)		-		-		(357)		-		1,546

RSUs ¹ released		47		2,379		-		(2,379)		-		(2,379)		-		-

Dividends (Note 17.2)		45		5,813		-		-		-		-		(177,105)		(171,292)

Realized gain on disposal of LTIs ¹ (Note 18.3)				-		-		-		(131,144)		(131,144)		131,144		-

At June 30, 2026		454,160	$	3,825,005	$	25,453	$	7,511	$	53,570	$	86,534	$	5,778,906	$	9,690,445

Total comprehensive income				-		-		-		14,796		14,796		410,248		425,044

Income tax recovery (expense)				-		-		-		-		-		1,422		1,422

SBC ¹ expense				-		742		1,028		-		1,770		-		1,770

Options ¹exercised		23		1,226		(230)		-		-		(230)		-		996

Dividends (Note 17.2)		6		890		-		-		-		-		(88,563)		(87,673)

At September 30, 2026		454,189	$	3,827,121	$	25,965	$	8,539	$	68,366	$	102,870	$	6,102,013	$	10,032,004

Definitions as follows: “SBC” = Equity Settled Stock Based Compensation; “Options” = Share Purchase Options; “RSUs” = Restricted Share Units; “LTI’s” = Long-Term Investments - Common Shares Held.

The accompanying notes form an integral part of these unaudited condensed interim consolidated financial statements.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [6]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

1.	Description of Business and Nature of Operations

Wheaton Precious Metals Corp. is a precious metal streaming company which generates its revenue primarily from the sale of precious metals (gold, silver, palladium and platinum) and cobalt. Wheaton Precious Metals Corp. (“Wheaton” or the “Company”), which is the ultimate parent company of its consolidated group, is incorporated and domiciled in Canada, and its principal place of business is at Suite 3500 - 1021 West Hastings Street, Vancouver, British Columbia, V6E 0C3. The Company trades on the Toronto Stock Exchange (“TSX”), the New York Stock Exchange (“NYSE”) and the London Stock Exchange (“LSE”) under the symbol WPM.

As of September 30, 2026, the Company has entered into 45 long-term agreements with 38 mining companies, comprised of 35 precious metal purchase agreements, or “PMPAs”, three early deposit PMPAs and seven royalty agreements. These agreements relate to precious metals and cobalt from 57 mining assets located in 19 countries, including 22 operating mines, 20 development stage projects, and 15 exploration stage projects (including three in care and maintenance). Pursuant to the PMPAs, Wheaton acquires metal production from the counterparties for an initial upfront payment plus an additional cash payment for each ounce or pound delivered which is either a fixed price or fixed percentage of the market price by contract, generally at or below the prevailing market price.

The condensed interim consolidated financial statements of the Company for the three and nine months ended September 30, 2026 (“Interim Financial Statements”) were authorized for issue as of November 5, 2026 in accordance with a resolution of the Board of Directors.

2.	Basis of Presentation and Statement of Compliance

These Interim Financial Statements have been prepared on a historical cost basis, except for certain financial instruments which have been measured at fair value as at the relevant balance sheet date. The Interim Financial Statements are presented in United States (“US”) dollars, which is the Company’s functional currency, and all values are rounded to the nearest thousand US dollars (US$ 000’s) unless otherwise noted. References to “Cdn$” refer to Canadian dollars.

These Interim Financial Statements have been prepared in accordance with IAS 34, Interim Financial Reporting (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”). The accounting policies applied in these Interim Financial Statements are based on IFRS Accounting Standards as issued by the IASB (“IFRS”) and have been prepared using the same accounting policies and methods of application as disclosed in Note 3 to the audited consolidated financial statements for the year ended December 31, 2025 and were consistently applied to all the periods presented unless otherwise stated below. These Interim Financial Statements do not include all the information and note disclosures required by IFRS for annual consolidated financial statements and therefore should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2025.

The preparation of financial statements in accordance with IAS 34 requires the use of certain accounting estimates. It also requires management to exercise judgment in applying the Company’s accounting policies. The areas involving a higher degree of judgment or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in Note 4.

In the opinion of management, all adjustments (including normal recurring adjustments) necessary to present fairly the financial position at September 30, 2026 and the results of operations and cash flows for all periods presented have been made. The interim results are not necessarily indicative of results for a full year.

3.	Material Accounting Policy Information

3.1.

Future Changes to Accounting Policies

The International Accounting Standards Board has issued the following new or amended standards:

IFRS 18 - Presentation and Disclosure in Financial Statements.

In April 2024, the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements, which replaces IAS 1 Presentation of Financial Statements while carrying forward many of its requirements. IFRS 18 introduces new requirements to: i) present specified categories and defined subtotals in the statement of earnings; ii) disclose management-defined performance measures (MPMs) in the notes to the financial statements; and iii) enhance the aggregation and disaggregation of information. Consequential amendments were also made to IAS 7 Statement of Cash Flows, IAS 8, IAS 33 Earnings per Share and IFRS 7 Financial Instruments: Disclosures. IFRS 18 is effective

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [7]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

for annual reporting periods beginning on or after January 1, 2027, and requires retrospective application, with comparative periods restated.

The Company’s assessment of IFRS 18 is advancing. IFRS 18 will not affect the recognition or measurement of items in the financial statements. The Company expects the primary impacts to relate to the classification of income and expenses within the new categories in the statement of earnings, the presentation of the new defined subtotals, and the identification and disclosure of MPMs. The Company continues to finalize its assessment, including the determination of which of its performance measures will be identified as MPMs, and will adopt IFRS 18 effective January 1, 2027.

4.	Key Sources of Estimation Uncertainty and Critical Accounting Judgments

The preparation of the Company’s Interim Financial Statements requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and assumptions are continuously evaluated and are based on management’s experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. However, actual outcomes can differ from these estimates.

Information about significant areas of estimation uncertainty and judgments made by management in preparing the Interim Financial Statements are unchanged from those disclosed in Note 4 to the audited consolidated financial statements for the year ended December 31, 2025.

5.	Financial Instruments

There have been no significant changes to the Company’s financial instruments and related risks since December 31, 2025. Refer to Note 5 to the audited consolidated financial statements for the year ended December 31, 2025 for more information.

5.1.

Fair Value Estimation

The Company classifies its fair value measurements within a fair value hierarchy, which reflects the significance of the inputs used in making the measurements as defined in IFRS 13 – Fair Value Measurements (“IFRS 13”).

Level 1 - Unadjusted quoted prices at the measurement date for identical assets or liabilities in active markets.

Level 2 - Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3 - Unobservable inputs which are supported by little or no market activity.

The following table sets forth the Company’s financial assets and liabilities measured at fair value by level within the fair value hierarchy. As required by IFRS 13, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.



		September 30, 2026

(in thousands)	Note		Total		Level 1		Level 2		Level 3

Cash and cash equivalents	21	$	145,802	$	145,802	$	-	$	-

Trade receivables from provisional concentrate sales, net of fair value adjustment	11		5,313		-		5,313		-

Long-term investments - common shares held	15		199,536		199,536		-		-

Long-term investments - warrants held	15		3,035		-		3,035		-

		$	353,686	$	345,338	$	8,348	$	-

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Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)



			December 31, 2025

(in thousands)	Note		Total		Level 1		Level 2		Level 3

Cash and cash equivalents		21	$	1,153,593	$	1,153,593	$	-	$	-

Trade receivables from provisional concentrate sales, net of fair value adjustment		11		41,545		-		41,545		-

Long-term investments - common shares held		15		407,230		407,230		-		-

Long-term investments - warrants held		15		3,265		-		3,265		-

			$	1,605,633	$	1,560,823	$	44,810	$	-

The Company’s bank debt (Notes 16.1 and 16.2) is reported at amortized cost using the effective interest method. The carrying value of the bank debt approximates its fair value.

5.1. Valuation Techniques for Level 2 Assets

Accounts Receivable Arising from Sales of Metal Concentrates

The Company’s trade receivables from provisional concentrate sales are valued based on forward price of silver to the expected date of final settlement (Note 6). As such, these receivables and/or liabilities are classified within Level 2 of the fair value hierarchy.

Long-Term Investments in Warrants Held

The fair value of the Company’s long-term investments in warrants held that are not traded in an active market are determined using a Black-Scholes model based on assumptions including risk-free interest rate, expected dividend yield, expected volatility and expected warrant life which are supported by observable current market conditions and as such are classified within Level 2 of the fair value hierarchy. The use of reasonably possible alternative assumptions would not significantly affect the Company’s results.

6.	Revenue


	Three Months Ended September 30								Nine Months Ended September 30

(in thousands)	2026				2025				2026				2025

Sales

Gold credit sales	$	392,970	51	%	$	274,797	58	%	$	1,281,792	49	%	$	922,845	64	%
Silver

Silver credit sales	$	307,157	40	%	$	146,405	30	%	$	1,042,975	40	%	$	408,654	28	%

Concentrate sales		50,581	7	%		42,390	9	%		220,292	9	%		90,819	6	%

Total silver sales	$	357,738	47	%	$	188,795	39	%	$	1,263,267	49	%	$	499,473	34	%

Palladium credit sales	$	3,687	0	%	$	3,042	1	%	$	11,553	0	%	$	7,978	1	%

Platinum credit sales	$	81	0	%	$	-	0	%	$	81	0	%	$	-	0	%

Cobalt sales	$	17,258	2	%	$	9,623	2	%	$	45,711	2	%	$	19,590	1	%

Total sales revenue	$	771,734	100	%	$	476,257	100	%	$	2,602,404	100	%	$	1,449,886	100	%

Gold, Silver, Palladium and Platinum Credit Sales

Under certain PMPAs, precious metal is acquired from the mine operator in the form of precious metal credits, which is then sold through bullion banks. Revenue from precious metal credit sales is recognized at the time of the sale of such credits, which is also the date that control of the precious metal is transferred to the customer.

Concentrate Sales

Under certain PMPAs, silver is acquired from the mine operator in concentrate form, which is then sold under the terms of the concentrate sales contracts to third-party smelters or traders. Where the Company acquires precious metal in concentrate form, final precious metal prices are set on a specified future quotational period (the “Quotational

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [9]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Period”) pursuant to the concentrate sales contracts with third-party smelters, typically one to three months after the shipment date, based on market prices for precious metal. The contracts, in general, provide for a provisional payment based upon provisional assays and quoted gold and silver prices. Final settlement is based upon the average applicable price for the Quotational Period applied to the actual number of precious metal ounces recovered calculated using confirmed smelter weights and settlement assays. Revenues and the associated cost of sales are recorded on a gross basis under these contracts at the time title passes to the customer, which is also the date that control of the precious metal is transferred to the customer. The Company has concluded that the adjustments relating to the final assay results for the quantity of concentrate sold are not significant and do not constrain the recognition of revenue.

Cobalt Sales

The Company has entered into an offtake agreement under which all cobalt is sold to a third-party offtaker. Revenue from the cobalt sale is recognized at the time of the delivery, which is also the date that control of the cobalt is transferred to the offtaker.

7.	General and Administrative


	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025

Salaries and benefits	$	5,325	$	5,866	$	17,380	$	19,307

Depreciation		305		307		1,042		928

Professional fees, audit and regulatory		1,739		1,517		6,124		6,016

Business travel		425		586		1,591		1,570

Business taxes		164		156		1,163		1,036

Insurance		420		496		1,433		1,480

Other		1,847		1,496		5,791		4,633

Total general and administrative	$	10,225	$	10,424	$	34,524	$	34,970

8.	Share Based Compensation


			Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	Note		2026		2025		2026		2025

Equity settled share based compensation ¹

Share purchase options		18.1	$	742	$	685	$	2,171	$	1,975

Restricted share units		18.2		1,028		927		2,989		2,871

Cash settled share based compensation

Performance share units		19.1	$	11,758	$	7,040	$	23,287	$	25,949

Total share based compensation			$	13,528	$	8,652	$	28,447	$	30,795

1)	Equity settled share based compensation is a non-cash expense.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [10]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

9.	Donations and Community Investments


	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025

Local donations and community investments ¹	$	1,180	$	616	$	4,280	$	2,240

Partner donations and community investments ²		2,559		782		4,374		3,090

Environmental and innovation investments ³		1		8		1,248		1,136

Total donations and community investments	$	3,740	$	1,406	$	9,902	$	6,466

1)	The Local Community Investment Program supports organizations in Vancouver and the Cayman Islands, where Wheaton’s offices are located.

2)	The Partner Community Investment Program supports the communities influenced by Mining Partners’ operations.

3)	Includes the Company’s funding of initiatives that seek to reduce environmental impacts and support innovation and efficiency in mining, including costs associated with the Future of Mining Challenge.

10.

Other Income (Expense)


	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025

Interest income	$	1,659	$	9,718	$	17,330	$	26,981

Dividend income		-		239		-		765

Foreign exchange gain (loss)		(562)		677		7,679		(855)

Gain (loss) on fair value adjustment of share purchase warrants held		204		1,765		(232)		4,522

Other		460		435		3,791		(1,323)

Total other income (expense)	$	1,761	$	12,834	$	28,568	$	30,090

11.

Accounts Receivable



(in thousands)	Note	September 30 2026		December 31 2025

Trade receivables from provisional concentrate sales, net of fair value adjustment	6	$	5,313	$	41,545

Trade receivables from sales of cobalt	6		7,650		3,472

Other accounts receivable			941		1,706

Total accounts receivable		$	13,904	$	46,723

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [11]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

12.

Mineral Stream Interests


	Nine Months Ended September 30, 2026

	Cost								Accumulated Depletion & Impairment ¹

(in thousands)	Balance Jan 1, 2026		Additions		Disposal ^4,5		Balance Sep 30, 2026		Balance Jan 1, 2026		Depletion		Disposal ^4,5		Balance Sep 30, 2026		Carrying Amount Sep 30, 2026

Gold interests

Salobo	$	3,573,911	$	-	$	-	$	3,573,911	$	(953,201)	$	(78,257)	$	-	$	(1,031,458)	$	2,542,453

Sudbury ²		623,864		-		-		623,864		(405,370)		(17,878)		-		(423,248)		200,616

Constancia		140,058		-		-		140,058		(87,774)		(5,643)		-		(93,417)		46,641

San Dimas		220,429		-		-		220,429		(95,211)		(9,113)		-		(104,324)		116,105

Stillwater ³		239,352		-		-		239,352		(35,150)		(2,402)		-		(37,552)		201,800

Blackwater		340,231		-		-		340,231		(9,183)		(10,112)		-		(19,295)		320,936

Platreef		275,702		-		-		275,702		-		(62)		-		(62)		275,640

Other ⁴		1,513,278		291,103		(19,360)		1,785,021		(56,146)		(22,206)		19,360		(58,992)		1,726,029

	$	6,926,825	$	291,103	$	(19,360)	$	7,198,568	$	(1,642,035)	$	(145,673)	$	19,360	$	(1,768,348)	$	5,430,220

Silver interests

Peñasquito	$	524,626	$	-	$	-		524,626	$	(317,760)	$	(30,589)	$	-	$	(348,349)	$	176,277

Antamina		900,343		4,300,568		-		5,200,911		(441,260)		(104,996)		-		(546,256)		4,654,655

Constancia		302,948		-		-		302,948		(151,545)		(10,682)		-		(162,227)		140,721

Blackwater		170,947		-		-		170,947		(3,445)		(3,318)		-		(6,763)		164,184

Other ⁵		1,168,469		28,406		(3,048)		1,193,827		(611,582)		(13,274)		3,048		(621,808)		572,019

	$	3,067,333	$	4,328,974	$	(3,048)	$	7,393,259	$	(1,525,592)	$	(162,859)	$	3,048	$	(1,685,403)	$	5,707,856

Palladium interests

Stillwater ³	$	263,721	$	-	$	-	$	263,721	$	(54,829)	$	(3,769)		-	$	(58,598)	$	205,123

Platreef		78,814		-		-		78,814		-		(11)		-		(11)		78,803

	$	342,535	$	-	$	-	$	342,535	$	(54,829)	$	(3,780)	$	-	$	(58,609)	$	283,926

Platinum interests

Marathon	$	9,451	$	-	$	-	$	9,451	$	-	$	-		-	$	-	$	9,451

Platreef		57,584		-		-		57,584		-		(12)		-		(12)		57,572

	$	67,035	$	-	$	-	$	67,035	$	-	$	(12)	$	-	$	(12)	$	67,023

Cobalt interests

Voisey’s Bay	$	393,422	$	-	$	-	$	393,422	$	(177,545)	$	(14,923)		-	$	(192,468)	$	200,954

	$	10,797,150	$	4,620,077	$	(22,408)	$	15,394,819	$	(3,400,001)	$	(327,247)	$	22,408	$	(3,704,840)	$	11,689,979

1)	Includes cumulative impairment charges to September 30, 2026 as follows: El Alto silver interest - $338 million; Sudbury gold interest - $120 million; and Voisey’s Bay cobalt interest - $109 million.

2)	Comprised of the Coleman, Copper Cliff, Garson, Stobie, Creighton, Totten and Victor gold interests.

3)	Comprised of the Stillwater and East Boulder gold and palladium interests.

Comprised of the Minto, Copper World Complex, Marmato, Santo Domingo, Fenix, Marathon, Goose, El Domo, Cangrejos, Curraghinalt, Kudz Ze Kayah, Koné, Kurmuk, Spring Valley, Hemlo and Jervois gold interests. The additions to other gold interests include Koné - $156 million, Spring Valley - $50 million, Marmato - $76 million, El Domo - $32 million and Jervois - $6 million; less a repayment relative to Santo Domingo - $30 million to be re-advanced at a later date. The fully depleted Minto PMPA was removed from the Mineral Stream Interests owned due to Minto Metals Corp. being placed in receivership.

Comprised of the Los Filos, Zinkgruvan, Stratoni, Neves-Corvo, Minto, Aljustrel, Loma de La Plata, El Alto, Copper World Complex, Marmato, Cozamin, El Domo, Mineral Park, Kudz Ze Kayah and Jervois silver interests. The additions to other silver interests include Jervois - $10 million, El Domo - $12 million and Marmato - $6 million. The fully depleted Minto PMPA was removed from the Mineral Stream Interests owned due to Minto Metals Corp. being placed in receivership.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [12]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)


	Year Ended December 31, 2025

	Cost								Accumulated Depletion & Impairment ¹

(in thousands)	Balance Jan 1, 2025		Additions		Disposal ⁶		Balance Dec 31, 2025		Balance Jan 1, 2025		Depletion		Balance Dec 31, 2025		Carrying Amount Dec 31, 2025

Gold interests

Salobo	$	3,429,911	$	144,000	$	-	$	3,573,911	$	(834,426)	$	(118,775)	$	(953,201)	$	2,620,710

Sudbury ²		623,864		-		-		623,864		(382,313)		(23,057)		(405,370)		218,494

Constancia		140,058		-		-		140,058		(75,732)		(12,042)		(87,774)		52,284

San Dimas		220,429		-		-		220,429		(83,948)		(11,263)		(95,211)		125,218

Stillwater ³		239,352		-		-		239,352		(31,892)		(3,258)		(35,150)		204,202

Blackwater		340,231		-		-		340,231		-		(9,183)		(9,183)		331,048

Platreef		275,702		-		-		275,702		-		-		-		275,702

Other ⁴		419,174		1,110,110		(16,006)		1,513,278		(53,791)		(2,355)		(56,146)		1,457,132

	$	5,688,721	$	1,254,110	$	(16,006)	$	6,926,825	$	(1,462,102)	$	(179,933)	$	(1,642,035)	$	5,284,790

Silver interests

Peñasquito	$	524,626	$	-	$	-	$	524,626	$	(280,161)	$	(37,599)	$	(317,760)	$	206,866

Antamina		900,343		-		-		900,343		(409,572)		(31,688)		(441,260)		459,083

Constancia		302,948		-		-		302,948		(137,570)		(13,975)		(151,545)		151,403

Blackwater		140,908		30,039		-		170,947		-		(3,445)		(3,445)		167,502

Other ⁵		1,115,154		53,315		-		1,168,469		(593,432)		(18,150)		(611,582)		556,887

	$	2,983,979	$	83,354	$	-	$	3,067,333	$	(1,420,735)	$	(104,857)	$	(1,525,592)	$	1,541,741

Palladium interests

Stillwater ³	$	263,721	$	-	$	-	$	263,721	$	(50,542)	$	(4,287)	$	(54,829)	$	208,892

Platreef		78,814		-		-		78,814		-		-		-		78,814

	$	342,535	$	-	$	-	$	342,535	$	(50,542)	$	(4,287)	$	(54,829)	$	287,706

Platinum interests

Marathon	$	9,451	$	-	$	-	$	9,451	$	-	$	-	$	-	$	9,451

Platreef		57,584		-		-		57,584		-		-		-		57,584

	$	67,035	$	-	$	-	$	67,035	$	-	$	-	$	-	$	67,035

Cobalt interests

Voisey’s Bay	$	393,422	$	-	$	-	$	393,422	$	(162,733)	$	(14,812)	$	(177,545)	$	215,877

	$	9,475,692	$	1,337,464	$	(16,006)	$	10,797,150	$	(3,096,112)	$	(303,889)	$	(3,400,001)	$	7,397,149

1)	Includes cumulative impairment charges to December 31, 2025 as follows: El Alto silver interest - $338 million; Sudbury gold interest - $120 million; and Voisey’s Bay cobalt interest - $109 million.

2)	Comprised of the Coleman, Copper Cliff, Garson, Stobie, Creighton, Totten and Victor gold interests.

3)	Comprised of the Stillwater and East Boulder gold and palladium interests.

Comprised of the Minto, Copper World Complex, Marmato, Santo Domingo, Fenix, Marathon, Goose, El Domo, Cangrejos, Curraghinalt, Kudz Ze Kayah, Koné, Kurmuk, Spring Valley and Hemlo gold interests. The additions to other gold interests include Koné - $469 million, Hemlo - $300 million, Kurmuk - $131 million, Fenix - $125 million, Spring Valley - $50 million, El Domo - $32 million, Cangrejos - $3 million and Kudz Ze Kayah - $1 million.

Comprised of Los Filos, Zinkgruvan, Stratoni, Neves-Corvo, Minto, Aljustrel, Loma de La Plata, El Alto, Copper World Complex, Marmato, Cozamin, El Domo, Mineral Park and Kudz Ze Kayah silver interests. The additions to other silver interests include Mineral Park - $40 million, El Domo - $12 million and Kudz Ze Kayah - $1 million.

6)	During Q3 2025, in connection with its acquisition of Lumina Gold Corp., CMOC exercised its 33% buy-back option under the Cangrejos PMPA.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [13]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

The value allocated to reserves is classified as depletable upon a mining operation achieving commercial production and is depleted on a unit-of-production basis over the estimated recoverable proven and probable reserves at the mine. The value associated with resources and exploration potential is allocated at acquisition and is classified as non-depletable until such time as it is transferred to the depletable category, generally as a result of the conversion of resources or exploration potential into reserves.


	September 30, 2026						December 31, 2025

(in thousands)	Depletable		Non- Depletable		Total		Depletable		Non- Depletable		Total

Gold interests

Salobo	$	2,216,277	$	326,176	$	2,542,453	$	2,294,535	$	326,175	$	2,620,710

Sudbury ¹		191,973		8,643		200,616		181,401		37,093		218,494

Constancia		43,628		3,013		46,641		48,761		3,523		52,284

San Dimas		54,490		61,615		116,105		46,440		78,778		125,218

Stillwater ²		182,901		18,899		201,800		184,568		19,634		204,202

Blackwater		307,828		13,108		320,936		317,940		13,108		331,048

Platreef		274,766		874		275,640		-		275,702		275,702

Other ³		432,793		1,293,236		1,726,029		92,269		1,364,863		1,457,132

	$	3,704,656	$	1,725,564	$	5,430,220	$	3,165,914	$	2,118,876	$	5,284,790

Silver interests

Peñasquito	$	176,277	$	-	$	176,277	$	206,866	$	-	$	206,866

Antamina		2,343,403		2,311,252		4,654,655		213,280		245,803		459,083

Constancia		134,677		6,044		140,721		145,029		6,374		151,403

Blackwater		164,184		-		164,184		167,502		-		167,502

Other ⁴		202,843		369,176		572,019		210,203		346,684		556,887

	$	3,021,384	$	2,686,472	$	5,707,856	$	942,880	$	598,861	$	1,541,741

Palladium interests

Stillwater ²	$	198,282	$	6,841	$	205,123	$	201,404	$	7,488	$	208,892

Platreef		78,663		140		78,803		-		78,814		78,814

	$	276,945	$	6,981	$	283,926	$	201,404	$	86,302	$	287,706

Platinum interests

Marathon	$	-	$	9,451	$	9,451	$	-	$	9,451	$	9,451

Platreef		57,400		172		57,572		-		57,584		57,584

	$	57,400	$	9,623	$	67,023	$	-	$	67,035	$	67,035

Cobalt interests

Voisey’s Bay	$	191,616	$	9,338	$	200,954	$	204,022	$	11,855	$	215,877

	$	7,252,001	$	4,437,978	$	11,689,979	$	4,514,220	$	2,882,929	$	7,397,149

1)	Comprised of the Coleman, Copper Cliff, Garson, Stobie, Creighton, Totten and Victor gold interests.

2)	Comprised of the Stillwater and East Boulder gold and palladium interests.

3)	Comprised of the Copper World Complex, Marmato, Santo Domingo, Fenix, Marathon, Goose, El Domo, Cangrejos, Curraghinalt, Kudz Ze Kayah, Koné, Kurmuk, Spring Valley, Hemlo and Jervois gold interests.

4)	Comprised of the Zinkgruvan, Neves-Corvo, Aljustrel, Loma de La Plata, El Alto, Copper World Complex, Marmato, Cozamin, El Domo, Mineral Park, Kudz Ze Kayah and Jervois silver interests.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [14]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Significant acquisitions, amendments and disposals of mineral stream interests (if any) in the nine months ended September 30, 2026 are outlined below. The percentage of payable production and other key PMPA terms for all mineral stream interests are described in Note 24.

Antamina

On February 16, 2026, the Company entered into a PMPA with BHP Group Limited (“BHP”) (the “BHP Antamina PMPA”) for their 33.75% portion of the silver produced at the Antamina mine located in Peru. Effective April 1, 2026, Wheaton will receive a combined 67.5% of all the silver produced from Antamina, up from the 33.75% being delivered under the pre-existing Glencore silver stream.

Under the terms of the BHP Antamina PMPA, the Company paid BHP total upfront cash consideration of $4.3 billion on April 1, 2026, being the date of closing.

Jervois

On April 1, 2026, the Company entered into a PMPA with KGL (the “Jervois PMPA”) for a portion of the gold and silver produced at the Jervois project located in Australia. In return, the Company also obtained a right of first refusal on any future precious metal streams, royalties, prepays or similar transactions with respect to the Jervois project. Under the terms of the Jervois PMPA, the Company will pay KGL total upfront cash consideration of $275 million, subject to certain customary conditions. The upfront cash consideration will be paid in a total of six installments, with the first installment of $16 million being made as an early deposit payment on June 16, 2026. The second installment of $16 million was paid as an early deposit payment on October 2, 2026. The remaining balance of $243 million will be paid in four equal installments over the construction period as various conditions are satisfied.

Gain on Partial Disposal of Mineral Stream Interest

On September 16, 2025, in connection with its acquisition of Lumina Gold Corp., CMOC Group Limited exercised its 33% buy-back option under the Cangrejos PMPA for a cash payment of $102 million, resulting in a gain of $86 million on partial disposal of the Cangrejos PMPA, calculated as follows:



(in thousands)

Proceeds received on 33% buyback of Cangrejos	$	101,730

Less: 33% carrying value		(16,006	)

Gain on partial disposal of the Cangrejos PMPA		$ 85,724

13.

Early Deposit Mineral Stream Interests

Early deposit mineral stream interests represent agreements relative to early stage development projects whereby Wheaton can choose not to proceed with the agreement once certain documentation has been received including, but not limited to, feasibility studies, environmental studies and impact assessment studies (please see Note 24 for more information). Once Wheaton has elected to proceed with the agreement, the carrying value of the stream will be transferred to Mineral Stream Interests.

The following table summarizes the early deposit mineral stream interests owned by the Company as of September 30, 2026 and December 31, 2025:


						Attributable Production to be Purchased

Early Deposit Mineral Stream Interests	Mine Owner	Location of Mine	Upfront Consideration Paid to Date ¹	Upfront Consideration to be Paid ^{1, 2}	Total Upfront Consideration¹	Gold	Silver	Term of Agreement

Toroparu	Aris Mining	Guyana	$15,500	$138,000	$153,500	10%	50%	Life of Mine

Cotabambas	Panoro	Peru	14,000	126,000	140,000	25% ³	100% ³	Life of Mine

Kutcho	Kutcho	Canada	16,852	58,000	74,852	100%	100%	Life of Mine

			$ 46,352	$ 322,000	$ 368,352

1)	Expressed in thousands of United States dollars; excludes closing costs and capitalized interest, where applicable.

2)	Please refer to Note 24 for details of when the remaining upfront consideration to be paid becomes due.

3)	Once 90 million silver equivalent ounces attributable to Wheaton have been produced, the attributable production will decrease to 16.67% of gold production and 66.67% of silver production for the life of mine.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [15]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

14.

Mineral Royalty Interests

The following table summarizes mineral royalty interests owned by the Company as of September 30, 2026:

Royalty Interests

Mine

Owner

Location
of

Mine

Royalty¹

Upfront

Consideration
Paid to Date ²

Upfront

Consideration

to be Paid ²

Total

Upfront

Consideration ²

Term of

Agreement

Date of
Original
Contract

Metates

Chesapeake

Mexico

0.5% NSR

3,000

Life of Mine

07-Aug-2014

Brewery Creek³

Victoria Gold

Canada

2.0% NSR

3,529

Life of Mine

04-Jan-2021

Black Pine⁴

Liberty Gold

USA

0.5% NSR

3,600

Life of Mine

10-Sep-2023

Mt Todd⁵

Vista

Australia

1.0% GR

20,000

Life of Mine

13-Dec-2023

DeLamar ⁶

Integra

USA

1.5% NSR

9,750

Life of Mine

20-Feb-2024

Spanish Mountain

Canada

1.5% NSR

22,500

32,500

55,000

Life of Mine

20-Apr-2026

Cipango ⁷

Cipango

Japan

1.5% NSR

4,500

3,000

7,500

Life of Mine

04-Jun-2026

66,879

35,500

102,379

1)	Abbreviation as follows: NSR = Net Smelter Return Royalty; and GR = Gross Royalty.

2)	Expressed in thousands; excludes closing costs.

The Company paid $3 million for an existing 2.0% net smelter return royalty interests on the first 600,000 ounces of gold mined and a 2.75% net smelter returns royalty interest thereafter. The Brewery Creek royalty agreement provides, among other things, that Golden Predator Mining Corp., (subsidiary of Victoria Gold) may reduce the 2.75% net smelter royalty interest to 2.125% on payment of the sum of Cdn$2 million to the Company. On August 14, 2024, the Ontario Superior Court of Justice placed Victoria Gold Corp. into receivership following the failure of the heap leach pad at its Eagle Mine in June, 2024.

4)	Liberty Gold has been granted an option to repurchase 50% of the NSR for $4 million at any point in time up to the earlier of commercial production at Black Pine or January 1, 2030.

5)	The Mt Todd royalty is at a rate of 1% of gross revenue with such rate being subject to increase to a maximum rate of 2%, depending on the timing associated with the achievement of certain operational milestones.

6)	Under the DeLamar royalty, if completion is not achieved by January 1, 2029, the DeLamar royalty will increase annually by 0.15% of net smelter returns to a maximum of 2.7% of net smelter returns.

7)	Comprised of the Hoshino, Onuki, Hasami, Bosawa, Miyata, Kato and Tashiro properties.

The following table summarizes mineral royalty interests owned by the Company as of December 31, 2025

Royalty Interests

Mine

Owner

Location
of

Mine

Royalty¹

Total

Upfront

Consideration ²

Term of

Agreement

Date of
Original
Contract

Metates

Chesapeake

Mexico

0.5% NSR

3,000

Life of Mine

07-Aug-2014

Brewery Creek³

Victoria Gold

Canada

2.0% NSR

3,529

Life of Mine

04-Jan-2021

Black Pine⁴

Liberty Gold

USA

0.5% NSR

3,600

Life of Mine

10-Sep-2023

Mt Todd⁵

Vista

Australia

1.0% GR

20,000

Life of Mine

13-Dec-2023

DeLamar ⁶

Integra

USA

1.5% NSR

9,750

Life of Mine

20-Feb-2024

39,879

1)	Abbreviation as follows: NSR = Net Smelter Return Royalty; and GR = Gross Royalty.

2)	Expressed in thousands; excludes closing costs.

4)	Liberty Gold has been granted an option to repurchase 50% of the NSR for $4 million at any point in time up to the earlier of commercial production at Black Pine or January 1, 2030.

5)	The Mt Todd royalty is at a rate of 1% of gross revenue with such rate being subject to increase to a maximum rate of 2%, depending on the timing associated with the achievement of certain operational milestones.

6)	Under the DeLamar royalty, if completion is not achieved by January 1, 2029, the DeLamar royalty will increase annually by 0.15% of net smelter returns to a maximum of 2.7% of net smelter returns.

15.

Long-Term Equity Investments



(in thousands)	September 30 2026		December 31 2025

Common shares held	$	199,536	$	407,230

Warrants held		3,035		3,265

Total long-term equity investments	$	202,571	$	410,495

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [16]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Common Shares Held


	Three Months Ended September 30, 2026

(in thousands)	Fair Value at Jun 30, 2026		Additions		Disposals		Fair Value Adjustment Gains ¹		Fair Value at Sep 30, 2026		Realized Gain (Loss) on Disposal

Held at end of period

Streaming or royalty partners	$	103,226	$	37,642	$	-	$	15,684	$	156,552	$	-

Strategic investments		41,563		-		-		1,421		42,984		-

Total	$	144,789	$	37,642	$	-	$	17,105	$	199,536	$	-
1) Fair Value Gains (Losses) are reflected as a component of OCI.
	Three Months Ended September 30, 2025

(in thousands)	Fair Value at Jun 30, 2025		Additions		Disposals		Fair Value Adjustment Gains ¹		Fair Value at Sep 30, 2025		Realized Gain (Loss) on Disposal

Held at end of period

Streaming or royalty partners	$	161,394	$	7,780	$	-	$	75,138	$	244,312	$	-

Strategic investments		6,594		5,269		-		6,237		18,100		-

Total	$	167,988	$	13,049	$	-	$	81,375	$	262,412	$	-
1) Fair Value Gains (Losses) are reflected as a component of OCI.
	Nine Months Ended September 30, 2026

(in thousands)	Fair Value at Dec 31, 2025		Additions		Disposals ²		Fair Value Adjustment Gains ¹		Fair Value at Sep 30, 2026		Realized Gain (Loss) on Disposal

Held at end of period

Streaming or royalty partners	$	109,211	$	37,642	$	-	$	9,699	$	156,552	$	-

Strategic investments		17,294		14,607		-		11,083		42,984		-

Derecognized during period

Streaming or royalty partners		273,417		-		(313,106)		39,689		-		204,846

Strategic investments		7,308		-		(10,315)		3,007		-		(53,327)

Total	$	407,230	$	52,249	$	(323,421)	$	63,478	$	199,536	$	151,519

1)	Fair Value Gains (Losses) are reflected as a component of OCI.

2)	The disposals during the period were made to partially fund the BHP Antamina PMPA (Note 12).


	Nine Months Ended September 30, 2025

(in thousands)	Fair Value at Dec 31, 2024		Additions		Disposals		Fair Value Adjustment Gains ¹		Fair Value at Sep 30, 2025		Realized Gain (Loss) on Disposal

Held at end of period
Streaming or royalty partners	$	93,915	$	7,780	$	-	$	142,617	$	244,312	$	-

Strategic investments		4,275		8,386		-		5,439		18,100		-

Total	$	98,190	$	16,166	$	-	$	148,056	$	262,412	$	-

1)	Fair Value Gains (Losses) are reflected as a component of OCI.

The Company’s long-term investments in common shares (“LTIs”) are held for long-term strategic purposes and not for trading purposes. As such, the Company has elected to reflect any fair value adjustments, net of tax, as a

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [17]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

component of other comprehensive income (“OCI”). The cumulative gain or loss will not be reclassified to net earnings on disposal of these long-term investments but is reclassified to retained earnings.

By holding these long-term investments, the Company is inherently exposed to various risk factors including currency risk, market price risk and liquidity risk.

16.

Credit Facilities


	September 30, 2026						December 31, 2025
(in thousands)	Revolving Facility		Term Loan		Total		Revolving Facility		Total

Current portion	$	-	$	-	$	-	$	-	$	-

Long-term portion		100,000		1,500,000		1,600,000		-		-
Gross bank debt outstanding	$	100,000	$	1,500,000	$	1,600,000	$	-	$	-

Less: unamortized debt issue costs¹		(63)		(2,419)		(2,482)		-		-

Net bank debt outstanding	$	99,937	$	1,497,581	$	1,597,518	$	-	$	-
1) In addition to the $2.4 million unamortized debt issue costs associated with the Term Loan, there is $5.5 million (December 31, 2025 - $4.7 million) unamortized debt issue costs associated with the Revolving Credit Facility which have been recorded as a long-term asset under the classification Other (see Note 23).

16.1.

Sustainability-Linked Revolving Credit Facility

On June 30, 2026, the Company expanded its unsecured revolving credit facility (the “Revolving Credit Facility”) by $500 million to $2.5 billion, in addition to extending the maturity date by an additional year to June 30, 2031. Additionally, the Company has a $500 million accordion feature. The Revolving Credit Facility includes sustainability-linked features and a financial covenant requiring a capitalization ratio ≤ 0.60:1, with which the Company was in compliance as at September 30, 2026 and 2025. Interest on drawn amounts is based on the Company’s leverage ratio at SOFR + 1.10% to 2.15%. The standby fee was 0.1966% (2025 – 0.1966%).

The Revolving Credit Facility, which is classified as a financial liability and reported at amortized cost using the effective interest method, can be drawn down at any time to finance acquisitions, investments or for general corporate purposes.

16.2.

Term Loan

On April 1, 2026, the Company entered into a new unsecured $1.5 billion non-revolving term loan credit facility (the “Term Loan”), which carries a two-year maturity and otherwise aligns with the terms of the Company’s existing Revolving Credit Facility. The Term Loan may be repaid at any time without penalty.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [18]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

16.3.

Lease Liabilities

The lease liability on the Company’s offices located in Vancouver, Canada and the Cayman Islands is as follows:



(in thousands)	September 30 2026		December 31 2025

Current portion	$	600	$	575

Long-term portion		6,715		7,330

Total lease liabilities	$	7,315	$	7,905

The maturity analysis, on an undiscounted basis, of these leases is as follows:


(in thousands)	September 30 2026

Not later than 1 year	$	989

Later than 1 year and not later than 5 years		4,180

Later than 5 years		4,003

Total lease liabilities	$	9,172

16.4.

Finance Costs

A summary of the Company’s finance costs associated with the above facilities during the period is as follows:


			Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	Note		2026		2025		2026		2025

Interest Expense During Period
Average principal outstanding during period			$	1,932,800	$	-	$	1,437,600	$	-
Average effective interest rate during period		16		4.89%		n.a.		5.00%		n.a.
Total interest expense incurred during period			$	23,619	$	-	$	53,928	$	-
Costs related to undrawn credit facilities		16	$	1,379	$	1,332	$	3,369	$	3,999
Interest expense - lease liabilities		16.3		99		109		302		310

Total finance costs			$	25,097	$	1,441	$	57,599	$	4,309

17.

Issued Capital



(in thousands)	Note		September 30 2026		December 31 2025

Issued capital

Share capital issued and outstanding: 454,188,973 common shares (December 31, 2025: 454,033,830 common shares)		17.1	$	3,827,121	$	3,814,910

17.1.

Shares Issued

The Company is authorized to issue an unlimited number of common shares having no par value and an unlimited number of preference shares issuable in series. As at September 30, 2026 and 2025, the Company had no preference shares outstanding.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [19]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

17.2.

Dividends Declared


	Three Months Ended September 30						Nine Months Ended September 30

(in thousands, except per share amounts)	2026			2025			2026				2025

Dividends declared per share	$	0.195		$	0.165		$	0.585			$	0.495

Average number of shares eligible for dividend		454,168			453,956			454,133				453,904

Total dividends paid	$	88,563		$	74,903		$	265,668			$	224,683

Paid as follows:

Cash	$	87,673	99%	$	74,232	99%	$	258,965	97	%	$	222,171	99%

DRIP ¹		890	1%		671	1%		6,703	3	%		2,512	1%

Total dividends paid	$	88,563	100%	$	74,903	100%	$	265,668	100	%	$	224,683	100%

1)	The Company has implemented a Dividend Reinvestment Plan (“DRIP”) whereby shareholders can elect to have dividends reinvested directly into additional Wheaton common shares.

18.

Reserves



(in thousands)	Note		September 30 2026		December 31 2025

Reserves
Share purchase options		18.1	$	25,965	$	24,381
Restricted share units		18.2		8,539		7,929
Long-term investment revaluation reserve, net of tax		18.3		68,366		144,601

Total reserves			$	102,870	$	176,911

18.1.

Share Purchase Options

The Company has established an equity settled share purchase option plan whereby the Company’s Board of Directors may, from time to time, grant options to employees or consultants. The maximum term of any share purchase option may be ten years, but generally options are granted with a term to expiry of seven years. The exercise price of an option is not less than the closing price on the TSX on the last trading day preceding the grant date. The vesting period of the options is determined at the discretion of the Company’s Board of Directors at the time the options are granted, but generally vest over a period of three years.

Each share purchase option converts into one common share of Wheaton on exercise. No amounts are paid or payable by the recipient on receipt of the option. The options do not carry rights to dividends or voting rights. Options may be exercised at any time from the date of vesting to the date of their expiry, subject to certain black-out periods.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [20]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

The Company expenses the fair value of share purchase options that are expected to vest on a straight-line basis over the vesting period using the Black-Scholes option pricing model to estimate the fair value for each option at the date of grant. The Black-Scholes model was developed for use in estimating the fair value of traded options that have no vesting restrictions. The model requires the use of subjective assumptions, including expected share price volatility. Historical data has been considered in setting the assumptions. Expected volatility is determined by considering the trailing 36-month historic average share price volatility. The weighted average fair value of share purchase options granted and principal assumptions used in applying the Black-Scholes option pricing model are as follows:


	Nine Months Ended September 30

	2026		2025

Black-Scholes weighted average assumptions

Grant date share price and exercise price		Cdn$190.62		Cdn$108.56

Expected dividend yield		0.65%		0.92%

Expected volatility		30%		30%

Risk-free interest rate		3.05%		2.89%

Expected option life, in years		3.0		3.0

Weighted average fair value per option granted		Cdn$43.34		Cdn$23.90

Number of options issued during the period		95,290		178,020

Total fair value of options issued (000’s)	$	3,020	$	2,974

The following table summarizes information about the options outstanding and exercisable at September 30, 2026:


Exercise Price (Cdn$)	Exercisable Options		Non-Exercisable Options		Total Options Outstanding		Weighted Average Remaining Contractual Life

$49.86		151,330		-		151,330		1.5 years

$56.68¹		5,214		-		5,214		1.5 years

$66.63¹		15,650		-		15,650		2.5 years

$60.00		159,730		-		159,730		2.5 years

$61.39¹		23,327		-		23,327		3.5 years

$59.41		200,191		-		200,191		3.5 years

$62.64¹		32,566		21,513		54,079		4.5 years

$59.79		126,370		69,748		196,118		4.5 years

$108.56		44,681		92,010		136,691		5.5 years

$107.67¹		9,954		25,156		35,110		5.5 years

$190.62		-		73,090		73,090		6.5 years

$197.77¹		-		22,200		22,200		6.5 years

		769,013		303,717		1,072,730		3.8 years

1) US$ share purchase options converted to Cdn$ using the exchange rate of 1.4188, being the Cdn$/US$ exchange rate at September 30, 2026.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [21]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

A continuity schedule of the Company’s outstanding share purchase options from January 1, 2025 to September 30, 2026 is presented below:


	Number of Options Outstanding		Weighted Average Exercise Price

At January 1, 2025		1,070,974		Cdn$58.14

Granted (fair value - $3 million or Cdn$23.90 per option)		178,020		108.56

Exercised		(112,270)		55.33

Forfeited		(24,410)		59.76

At June 30, 2025		1,112,314		Cdn$65.86

Exercised		(49,118)		57.64

Forfeited		(4,787)		77.64

At September 30, 2025		1,058,409		Cdn$66.42

Exercised		(17,101)		61.08

Expired		(2,186)		49.86

Forfeited		(3,806)		59.66

At December 31, 2025		1,035,316		Cdn$66.40

Granted (fair value - $3 million or Cdn$43.34 per option)		95,290		190.62

Exercised		(34,110)		62.43

Forfeited		(646)		85.91

At June 30, 2026		1,095,850		Cdn$77.80

Exercised		(23,120)		59.69

At September 30, 2026		1,072,730		Cdn$78.16

As it relates to share purchase options, during the three months ended September 30, 2026, the weighted average share price at the time of exercise was Cdn$209.28 per share (nine months - Cdn$193.12 per share), as compared to Cdn$144.17 per share (nine months - Cdn$121.84 per share) during the comparable period in 2025.

18.2.

Restricted Share Units (“RSUs”)

The Company has established an RSU plan whereby RSUs will be issued to eligible employees or directors as determined by the Company’s Board of Directors or the Company’s Compensation Committee. RSUs give the holder the right to receive a specified number of common shares at the specified vesting date. RSUs generally vest over a period of three years. Compensation expense related to RSUs is recognized over the vesting period based upon the fair value of the Company’s common shares on the grant date and the awards that are expected to vest. The fair value is calculated with reference to the closing price of the Company’s common shares on the TSX on the business day prior to the date of grant.

RSU holders receive a cash payment based on the dividends paid on the Company’s common shares in the event that the holder of a vested RSU has elected to defer the release of the RSU to a future date. This cash payment is reflected as a component of net earnings under the classification Share Based Compensation.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [22]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

A continuity schedule of the Company’s restricted share units outstanding from January 1, 2025 to September 30, 2026 is presented below:


	Number of RSUs Outstanding	Weighted Average Intrinsic Value at Date Granted

At January 1, 2025	336,929	$34.64
Granted (fair value - $4 million)	52,960	75.92
Released	(141,525)	33.58
Forfeited	(5,384)	43.86

At June 30, 2025	242,980	$44.04
Forfeited	(1,100)	55.85

At September 30 and December 31, 2025	241,880	$43.99
Granted (fair value - $4 million)	30,480	139.35
Released	(46,812)	50.80
Forfeited	(141)	60.81

At September 30, 2026	225,407	$55.46

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [23]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

18.3.

Long-Term Investment Revaluation Reserve

The Company’s long-term investments in common shares (Note 15) are held for long-term strategic purposes and not for trading purposes. The Company has chosen to designate these long-term investments in common shares as financial assets with fair value adjustments being recorded as a component of OCI as it believes that this provides a more meaningful presentation for long-term strategic investments, rather than reflecting changes in fair value as a component of net earnings. As some of these long-term investments are denominated in Canadian dollars, changes in their fair value is affected by both the change in share price in addition to changes in the Cdn$/US$ exchange rate.

Where the fair value of a long-term investment in common shares held exceeds its tax cost, the Company recognizes a deferred income tax liability. To the extent that the value of the long-term investment subsequently declines, the deferred income tax liability is reduced. However, where the fair value of the long-term investment decreases below the tax cost, the Company does not recognize a deferred income tax asset on the unrealized capital loss unless it is probable that the Company will generate future capital gains that will offset the loss.

A continuity schedule of the Company’s long-term investment revaluation reserve from January 1, 2025 to September 30, 2026 is presented below:


(in thousands)	Change in Fair Value		Deferred Tax Recovery (Expense)		Total

At January 1, 2025	$	(95,675)	$	(48)	$	(95,723)

Unrealized gain (loss) on LTIs ¹		66,681		(6,296)		60,385

At June 30, 2025	$	(28,994)	$	(6,344)	$	(35,338)

Unrealized gain (loss) on LTIs ¹		81,375		(10,191)		71,184

At September 30, 2025	$	52,381	$	(16,535)	$	35,846

Unrealized gain (loss) on LTIs ¹		114,671		(5,916)		108,755

At December 31, 2025	$	167,052	$	(22,451)	$	144,601

Unrealized gain (loss) on LTIs ¹		46,373		(6,260)		40,113

Reallocate reserve to retained earnings upon disposal of LTIs ¹		(151,519)		20,375		(131,144)

At June 30, 2026	$	61,906	$	(8,336)	$	53,570

Unrealized gain (loss) on LTIs ¹		17,105		(2,309)		14,796

At September 30, 2026	$	79,011	$	(10,645)	$	68,366

1)	LTIs refers to long-term investments in common shares held.

19.

Share Based Compensation

The Company’s share based compensation consists of share purchase options (Note 18.1), restricted share units (Note 18.2) and performance share units (Note 19.1). The accrued value of share purchase options and restricted share units are reflected as reserves in the shareholder’s equity section of the Company’s balance sheet while the accrued value associated with performance share units is reflected as an accrued liability.

19.1.

Performance Share Units (“PSUs”)

The Company has established a Performance Share Unit Plan (“the PSU plan”) whereby PSUs will be issued to eligible employees as determined by the Company’s Board of Directors or the Company’s Compensation Committee. PSUs issued under the PSU plan entitle the holder to a cash payment at the end of a three year performance period equal to the number of PSUs granted, multiplied by a performance factor and multiplied by the fair market value of a Wheaton common share on the expiry of the performance period. The performance factor can range from 0% to 200% and is determined by comparing the Company’s total shareholder return (“TSR”) to those achieved by various peer companies and the price of gold and silver.

Compensation expense for the PSUs is recorded on a straight-line basis over the three year vesting period. The amount of compensation expense is adjusted at the end of each reporting period to reflect (i) the fair value of common shares; (ii) the number of PSUs anticipated to vest; and (iii) the anticipated performance factor.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [24]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

A continuity schedule of the Company’s outstanding PSUs (assuming a performance factor of 100% is achieved over the performance period) and the Company’s PSU accrual from January 1, 2025 to September 30, 2026 is presented below:


(in thousands, except for number of PSUs outstanding)	Number of PSUs Outstanding		PSU accrual liability

At January 1, 2025	378,970	$	25,084
Granted	78,390		-
Accrual related to the fair value of the PSUs outstanding	-		18,949
Foreign exchange adjustment	-		925
Paid	(118,240)		(17,209)
Forfeited	(890)		(40)
At June 30, 2025	338,230	$	27,709
Accrual related to the fair value of the PSUs outstanding	-		7,322
Foreign exchange adjustment	-		(457)
Forfeited	(3,560)		(283)
At September 30, 2025	334,670	$	34,291
Accrual related to the fair value of the PSUs outstanding	-		81
Foreign exchange adjustment	-		447
At December 31, 2025	334,670	$	34,819
Granted	43,340		-
Accrual related to the fair value of the PSUs outstanding	-		11,535
Foreign exchange adjustment	-		(517)
Paid	(123,700)		(29,257)
Forfeited	(230)		(6)
At June 30, 2026	254,080	$	16,574
Accrual related to the fair value of the PSUs outstanding	-		11,758
Foreign exchange adjustment	-		20

At September 30, 2026	254,080	$	28,352

A summary of the PSUs outstanding at September 30, 2026 is as follows:


Year of Grant		Year of Maturity		Number Outstanding		Estimated Value Per PSU at Maturity		Anticipated Performance Factor at Maturity		Percent of Service Period Completed at Sep 30, 2026		PSU Liability at Sep 30, 2026
	2024		2027		133,400		$148.29		130%		86%	$	22,029
	2025		2028		77,340		$130.46		90%		58%		5,196
	2026		2029		43,340		$145.42		99%		18%		1,127

					254,080							$	28,352

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [25]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

20.

Earnings per Share (“EPS”) and Diluted Earnings per Share (“Diluted EPS”)

Diluted earnings per share is calculated using the treasury method which assumes that outstanding share purchase options, with exercise prices that are lower than the average market price of the Company’s common shares for the relevant period, are exercised and the proceeds are used to purchase shares of the Company at the average market price of the common shares for the relevant period.

Diluted EPS is calculated based on the following weighted average number of shares outstanding:


	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025

Basic weighted average number of shares outstanding		454,171		453,967		454,117		453,850

Effect of dilutive securities

Share purchase options		634		559		645		493

Restricted share units		225		242		230		282

Diluted weighted average number of shares outstanding		455,030		454,768		454,992		454,625

The following table lists the number of share purchase options excluded from the computation of diluted earnings per share because the exercise prices exceeded the average market value of the common shares of Cdn$185.75 (nine months - Cdn$185.39), compared to Cdn$134.73 (nine months - Cdn$115.72) for the comparable period in 2025.
	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025

Share purchase options		95		-		95		-

21.

Supplemental Cash Flow Information

Change in Non-Cash Working Capital


	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025

Change in non-cash working capital

Accounts receivable	$	12,151	$	(25,974)	$	31,731	$	(34,697)

Accounts payable and accrued liabilities		394		7,646		(8,228)		2,046

Other		783		816		(267)		688

Total change in non-cash working capital	$	13,328	$	(17,512)	$	23,236	$	(31,963)

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [26]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Cash and Cash Equivalents


(in thousands)	September 30 2026		December 31 2025
Cash and cash equivalents comprised of:

Cash	$	145,802	$	999,311

Cash equivalents		-		154,282

Total cash and cash equivalents	$	145,802	$	1,153,593

Cash equivalents include short-term deposits, treasury bills, bankers’ depository notes and bankers’ acceptances with terms to maturity at inception of less than three months.

22.

Income Taxes

A summary of the Company’s income tax expense (recovery) is as follows:

Income Tax Expense (Recovery) in Net Earnings


	Three Months Ended September 30				Nine Months Ended September 30

(in thousands)	2026		2025		2026		2025
Current income tax expense (recovery)	$	(1,521)	$	(3,231)	$	(13,102)	$	(3,159)
Global minimum income tax expense		68,261		58,436		254,860		153,136

Total current income tax expense	$	66,740	$	55,205	$	241,758	$	149,977

Total deferred income tax expense (recovery)		10,687		(9,798)		46,544		(16,057)

Total income tax expense recognized in net earnings	$	77,427	$	45,407	$	288,302	$	133,920

Effective tax rate		16%		11%		16%		13%

23.

Other Long-Term Assets

The composition of other long-term assets is shown below:



(in thousands)	Note		September 30 2026		December 31 2025

Intangible assets			$	833	$	1,120

Debt issue costs - Revolving Credit Facility		16.1		5,500		4,702

Refundable deposit - 777 PMPA				10,769		10,163

Loan receivable				25,000		-

Other				534		542

Total other long-term assets			$	42,636	$	16,527

Refundable Deposit – 777 PMPA

On August 8, 2012, the Company entered into a PMPA with Hudbay in respect to the 777 mine. Under the terms of the 777 PMPA, should the market value of gold and silver delivered to Wheaton through the initial 40 year term of the contract, net of the per ounce cash payment, be lower than the initial $455 million upfront consideration, the Company is entitled to a refund of the difference (the “Refundable Deposit”) at the conclusion of the 40 year term. On June 22, 2022, Hudbay announced that mining activities at the 777 mine have concluded after the reserves were depleted and closure activities have commenced. The undiscounted balance of the Refundable Deposit is $78 million.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [27]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Loan Receivable

The Company has advanced $25 million to Origin Mining Company, LLC, the Mineral Park owner and affiliate of Waterton Copper, to help support the mine construction. The loan matures on November 30, 2028.

24.

Contractual Obligations and Commitments

Mineral Stream Interests

The following tables summarize the Company’s commitments to make per ounce or per pound cash payments for gold, silver, palladium, platinum and cobalt to which it has the contractual right pursuant to the PMPAs:

Per Ounce Cash Payment for Gold

Attributable

Payable Production

to be Purchased

Per Ounce Cash

Term of

Date of

Original

Mineral Stream Interests

Payment

Agreement

Contract

Constancia

50%

$ 433

Life of Mine

8-Aug-12

Salobo

75%

$ 433

Life of Mine

28-Feb-13

Sudbury

70%

$ 400

20 years

28-Feb-13

San Dimas

variable

$ 650

Life of Mine

10-May-18

Stillwater

100%

18%

⁴

Life of Mine

16-Jul-18

Blackwater

⁵

35%

Life of Mine

13-Dec-21

Platreef

62.5%

⁵

$ 100

⁵

Life of Mine ⁵

7-Dec-21

⁷

Other

Copper World

100%

15%

⁸

Life of Mine

10-Feb-10

Marmato

10.5%

⁵

18%

⁴

Life of Mine

5-Nov-20

Santo Domingo

100%

⁵

18%

⁴

Life of Mine

24-Mar-21

Fenix

22%

⁶

20%

Life of Mine

15-Nov-21

El Domo

50%

⁵

18%

⁴

Life of Mine

17-Jan-22

Marathon

100%

⁵

18%

⁴

Life of Mine

26-Jan-22

Goose

2.78%

⁵

18%

⁴

Life of Mine

8-Feb-22

Cangrejos

4.4%

⁵

18%

⁴

Life of Mine

16-May-23

Curraghinalt

3.05%

⁵

18%

⁴

Life of Mine

15-Nov-23

Kudz Ze Kayah

7.375%

⁵

20%

Life of Mine

22-Dec-21

⁷

Koné

19.5%

⁵

20%

⁹

Life of Mine

23-Oct-24

Kurmuk

6.7%

⁵

15%

Life of Mine

5-Dec-24

Spring Valley

⁵

20%

⁴

Life of Mine

6-Nov-25

Hemlo

10.13%

⁵

20%

Life of Mine

26-Nov-25

Jervois

75%

⁵

20%

Life of Mine

1-Apr-26

Early Deposit

Toroparu

10%

$ 400

Life of Mine

11-Nov-13

Cotabambas

25%

⁵

$ 450

Life of Mine

21-Mar-16

Kutcho

100%

20%

Life of Mine

14-Dec-17

The production payment is measured as either a fixed amount per ounce of gold delivered, or as a percentage of the spot price of gold on the date of delivery. Contracts where the payment is a fixed amount per ounce of gold delivered are subject to an annual inflationary increase, with the exception of Sudbury. Additionally, should the prevailing market price for gold be lower than this fixed amount, the per ounce cash payment will be reduced to the prevailing market price, subject to an annual inflationary factor.

2)	Subject to an increase to $550 per ounce of gold after the initial 40-year term.

Under the terms of the San Dimas PMPA, the Company is entitled to an amount equal to 25% of the payable gold production plus an additional amount of gold equal to 25% of the payable silver production converted to gold at a fixed gold to silver exchange ratio of 70:1 from the San Dimas mine. If the average gold to silver price ratio decreases to less than 50:1 or increases to more than 90:1 for a period of 6 months or more, then the “70” shall be revised to “50” or “90”, as the case may be, until such time as the average gold to silver price ratio is between 50:1 to 90:1 for a period of 6 months or more in which event the “70” shall be reinstated. Currently, the fixed gold to silver exchange ratio is 70:1.

4)	To be increased to 22% once the market value of all metals delivered to Wheaton, net of the per ounce cash payment, exceeds the initial upfront cash deposit.

5)	Under certain PMPAs, the Company’s attributable gold percentage will be reduced once certain thresholds are achieved:

Blackwater – reduced to 4% once the Company has received 464,000 ounces of gold.

Platreef – reduced to 50% once the Company has received 218,750 ounces of gold, with a further reduction to 3.125% once the Company has received 428,300 ounces, at which point the per ounce cash payment increases to 80% of the spot price of gold. If certain thresholds are met, including if production through the Platreef project concentrator achieves 5.5 Mtpa, the 3.125% residual gold stream will terminate.

Marmato – reduced to 5.25% once Wheaton has received 310,000 ounces of gold.

Santo Domingo – reduced to 67% once the Company has received 285,000 ounces of gold.

El Domo – reduced to 33% once the Company has received 145,000 ounces of gold.

Marathon – reduced to 67% once the Company has received 150,000 ounces of gold.

Goose – reduced to 1.44% once the Company has received 87,100 ounces of gold, with a further reduction to 1% once the Company has received 134,000 ounces.

Cangrejos – reduced to 2.9% once the Company has received 469,000 ounces of gold.

Curraghinalt – reduced to 1.5% once the Company has received 125,000 ounces of gold.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [28]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Koné – reduced to 10.8% once the Company has received 400,000 ounces of gold, subject to adjustment if there are delays in deliveries relative to an agreed schedule, with a further reduction to 5.4% once the Company has received an additional 130,000 ounces of gold.

Kurmuk – reduced to 4.8% once the Company has received 220,000 ounces of gold. During any period in which debt exceeding $150 million ranks ahead of the gold stream, the stream percentage increases to 7.15% and decreases to 5.25% once the drop down threshold is reached.

Kudz Ze Kayah – reduced to 6.125% once the Company has received 330,000 ounces of gold, further reduced to 5.5% once the Company has received an additional 59,800 ounces of gold, and increased to 6.75% once the Company has received an additional 270,200 ounces of gold.

Cotabambas – reduced to 16.67% once the Company has received 90 million silver equivalent ounces.

Spring Valley – reduced to 6% once the Company has received 300,000 ounces of gold.

Hemlo – reduced to 6.75% once the Company has received 135,750 ounces of gold (the “First Dropdown Threshold”), with a further reduction to 4.5% once the Company has received an additional 117,998 ounces of gold (the “Second Dropdown Threshold”), at which point this rate will apply for the life of the mine. Each of the First Dropdown Threshold and the Second Dropdown Threshold will be subject to adjustment if there are delays in deliveries relative to an agreed schedule, and commencing in 2033, if deliveries fall behind the agreed schedule by 10,000 ounces or more, the stream percentage will be increased by 5% until deliveries catch up with the agreed schedule. The payable gold will be reduced by half with respect to gold production from certain claims comprising the Interlake deposit.

Jervois – reduced to 37.5% once the Company has received 45,000 ounces of gold (the “First Dropdown Threshold”), with a further reduction to 25% once the Company has received an additional 15,000 ounces of gold (the “Second Dropdown Threshold”), at which point this rate will apply for the life of the mine. Each of the First Dropdown Threshold and the Second Dropdown Threshold will be subject to adjustment if there are delays in deliveries relative to an agreed schedule.

On October 21, 2024, the Company amended the Fenix PMPA. Under the original agreement, the Company was to acquire an amount of gold equal to 6% of the gold production until 90,000 ounces have been delivered, 4% of the gold production until the delivery of a further 140,000 ounces and 3.5% gold production thereafter for the life of mine. Under the revised agreement, the Company is entitled to purchase an additional 16% of payable gold production (22% in total) (subject to adjustment if there are delays in deliveries relative to an agreed schedule). Once Rio2 delivers the incremental 95,000 ounces (as adjusted), the stream reverts to the percentages and thresholds under the original Fenix PMPA (as described). Rio2 has a one-time option to terminate the requirement to deliver the incremental gold production from the end of 2027 until the end of 2029 by delivering 95,000 ounces (as adjusted) less previously delivered gold ounces, excluding those gold ounces which would have been delivered under the original Fenix PMPA.

7)	On February 27, 2024, the Company closed the Orion Purchase Agreement to acquire the Platreef and Kudz Ze Kayah PMPAs.

8)	Under the terms of an amendment dated September 8, 2026, the per ounce cash payment for the Copper World PMPA was amended from $450 per ounce of gold delivered to 15% of the spot price of gold on the date of delivery.

9)	Until October 23, 2029, there is a price adjustment mechanism under the Koné PMPA

if the spot price of gold is less than $2,100 per ounce, the Company will pay 20% of $2,100 less 25% of the difference between $2,100 and $1,800, less 30% of the difference between $1,800 and the spot price of gold; and

if the spot price is greater than $2,700 per ounce, the Company will pay 25% of the difference between $3,000 and $2,700, plus 30% of the difference between the actual spot price of gold and $3,000.

Per Ounce Cash Payment for Silver

Attributable Payable

Production to be

Purchased

Per Ounce Cash

Term of

Date of

Original

Mineral Stream Interests

Payment

Agreement

Contract

Peñasquito

25%

$ 4.62

Life of Mine

24-Jul-07

Constancia

100%

$ 6.38

Life of Mine

8-Aug-12

Antamina

67.5%

⁵

20%

Life of Mine

3-Nov-15

Blackwater

50%

⁵

18%

⁶

Life of Mine

13-Dec-21

Other

Los Filos

100%

$ 4.89

25 years

15-Oct-04

Zinkgruvan

100%

$ 4.81

Life of Mine

8-Dec-04

Stratoni

100%

$ 11.54

Life of Mine

23-Apr-07

Neves-Corvo

100%

$ 4.60

50 years

5-Jun-07

Aljustrel

100%

50%

50 years

5-Jun-07

El Alto

25%

$ 3.90

Life of Mine

8-Sep-09

Copper World

100%

15%

⁸

Life of Mine

10-Feb-10

Loma de La Plata

12.5%

$ 4.00

Life of Mine

n/a

⁴

Marmato

100%

⁵

18%

⁶

Life of Mine

5-Nov-20

Cozamin

50%

⁵

10%

Life of Mine

11-Dec-20

El Domo

75%

18%

⁶

Life of Mine

17-Jan-22

Mineral Park

100%

18%

⁶

Life of Mine

24-Oct-23

Kudz Ze Kayah

7.375%

⁵

20%

Life of Mine

22-Dec-21

⁷

Jervois

75%

⁵

20%

Life of Mine

1-Apr-26

Early Deposit

Toroparu

50%

$ 3.90

Life of Mine

11-Nov-13

Cotabambas

100%

⁵

$ 5.90

Life of Mine

21-Mar-16

Kutcho

100%

20%

Life of Mine

14-Dec-17

The production payment is measured as either a fixed amount per unit of silver delivered, or as a percentage of the spot price of silver on the date of delivery. Contracts where the payment is a fixed amount per ounce of silver delivered are subject to an annual inflationary increase, with the exception of Loma de La Plata. Additionally, should the prevailing market price for silver be lower than this fixed amount, the per ounce cash payment will be reduced to the prevailing market price, subject to an annual inflationary factor.

2)	Subject to an increase to $9.90 per ounce of silver after the initial 40-year term.

3)	Wheaton only has the rights to silver contained in concentrate containing less than 15% copper at the Aljustrel mine.

4)	Terms of the agreement not yet finalized.

5)	Under certain PMPAs, the Company’s attributable silver percentage will be reduced once certain thresholds are achieved:

Antamina – reduced to 45%, comprised of 22.5% once the Company has received 140 million ounces of silver under the Glencore Antamina PMPA and 22.5% once the Company has received 100 million ounces of silver under the BHP Antamina PMPA, respectively.

Blackwater – reduced to 33% once the Company has received 17.8 million ounces of silver.

Marmato – reduced to 50% once the Company has received 2.15 million ounces of silver.

Cozamin – reduced to 33% once the Company has received 10 million ounces of silver.

Cotabambas – reduced to 66.67% once the Company has received 90 million silver equivalent ounces.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [29]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Kudz Ze Kayah – reduced to 6.125% once the Company has received 43.30 million ounces of silver, further reduced to 5.5% once the Company has received an additional 7.96 million ounces of silver, and increased to 6.75% once the Company has received an additional 35.34 million ounces of silver.

Jervois – reduced to 37.5% once the Company has received 4.3 million ounces (“Moz”) of silver (the “First Dropdown Threshold”), with a further reduction to 25% once the Company has received an additional 1.7 Moz of silver (the “Second Dropdown Threshold”), at which point this rate will apply for the life of the mine. Each of the First Dropdown Threshold and the Second Dropdown Threshold will be subject to adjustment if there are delays in deliveries relative to an agreed schedule.

6)	To be increased to 22% once the total market value of all metals delivered to the Company, net of the per ounce cash payment, exceeds the initial upfront cash deposit.

7)	On February 27, 2024, the Company closed the Orion Purchase Agreement to acquire the Platreef and Kudz Ze Kayah PMPAs.

8)	Under the terms of an amendment dated September 8, 2026, the per ounce cash payment for the Copper World PMPA was amended from $3.90 per ounce of silver delivered to 15% of the spot price of silver on the date of delivery.

Per Ounce Cash Payment for Palladium and Platinum and Per Pound for Cobalt

Mineral Stream Interests

Attributable
Payable
Production to be
Purchased

Per Unit of
Measurement Cash
Payment ¹

Term of

Agreement

Date of

Original

Contract

Palladium

Stillwater

4.5% ²

18% ³

Life of Mine

16-Jul-18

Platreef

5.25% ²

30% ²

Life of Mine

7-Dec-21

⁴

Platinum

Marathon

22% ²

18% ³

Life of Mine

26-Jan-22

Platreef

5.25% ²

30% ²

Life of Mine

7-Dec-21

⁴

Cobalt

Voisey’s Bay

42.4% ²

18% ³

Life of Mine

11-Jun-18

1)	The production payment is measured as either a fixed amount per unit of metal delivered, or as a percentage of the spot price of the underlying metal on the date of delivery.

2)	Under certain PMPAs, the Company’s attributable metal percentage will be reduced once certain thresholds are achieved:

Stillwater – reduced to 2.25% once the Company has received 375,000 ounces of palladium, with a further reduction to 1% once the Company has received 550,000 ounces.

Platreef – reduced to 3% once the Company has received 350,000 ounces of combined palladium and platinum, with a further reduction to 0.1% once the Company has received a combined 485,115 ounces, at which point the per ounce cash payment increases to 80% of the spot price of palladium and platinum. If certain thresholds are met, including if production through the Platreef project concentrator achieves 5.5 Mtpa, the 0.1% residual palladium and platinum stream will terminate.

Marathon – reduced to 15% once the Company has received 120,000 ounces of platinum.

Voisey’s Bay – reduced to 21.2% once the Company has received 31 million pounds of cobalt.

3)	To be increased to 22% once the market value of all metals delivered to Wheaton, net of the per unit cash payment, exceeds the initial upfront cash deposit.

4)	On February 27, 2024, the Company closed the Orion Purchase Agreement to acquire the Platreef and Kudz Ze Kayah PMPAs.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [30]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Other Contractual Obligations and Commitments


	Projected Payment Dates ¹

(in thousands)	2026		2027 - 2028		2029 - 2030		After 2030		Total

Bank debt ²	$	-	$	1,500,000	$	-	$	100,000	$	1,600,000

Interest ³		21,037		125,231		8,713		-		154,981

Payments for mineral stream interests, early deposit mineral stream interest & royalties

Salobo		-		40,000		-		-		40,000

Copper World ⁴		-		197,144		34,007		70,000		301,151

Santo Domingo		-		225,000		65,000		-		290,000

El Domo		-		87,750		-		-		87,750

Marathon		-		140,964		-		-		140,964

Cangrejos		-		-		168,840		-		168,840

Curraghinalt		-		-		-		55,000		55,000

Loma de La Plata		-		-		-		32,400		32,400

Spring Valley		210,000		360,000		-		-		570,000

Kudz Ze Kayah		-		15,000		-		-		15,000

Jervois		16,000		243,000		-		-		259,000

Cotabambas		-		-		-		126,000		126,000

Toroparu		-		46,000		92,000		-		138,000

Kutcho		-		-		-		58,000		58,000

Spanish Mountain		-		12,500		20,000		-		32,500

Cipango		-		3,000		-		-		3,000
Equity Investment Commitment(s)		24,698		-		-		-		24,698
Leases liabilities		258		2,012		2,101		4,801		9,172

Total contractual obligations	$	271,993	$	2,997,601	$	390,661	$	446,201	$	4,106,456

1)	Projected payment date based on management estimate. Dates may be updated in the future as additional information is received.

2)	At September 30, 2026, the Company had $100 million and $1.5 billion drawn and outstanding on the Revolving Credit Facility and the Term Loan, respectively.

As the applicable interest rates are floating in nature, the interest charges are estimated based on market-based forward interest rate curves at the end of the reporting period combined with the assumption that the principal balance outstanding at September 30, 2026 does not change until the debt maturity date.

As more fully explained below, assuming the Copper World Complex expands its mill throughput from the designed capacity of 60,000 short tons per day (“STPD”) to 90,000 STPD within 9 years, the Company will pay an additional fixed payment to Hudbay of between $45 million to $70 million. Additionally, the figures above includes contingent transaction costs of $1 million.

Salobo

Under the terms of the amended Salobo PMPA, the Company is required to pay Vale $40 million in two installments under the Salobo PMPA based on milestones in connection with the Coarse Particle Flotation (“CPF”) Project. The amendment eliminated the Company’s previous obligation to make annual payments of $8 million over a 10-year period, totaling $80 million, had Vale implemented a high-grade mine plan at the Salobo mine.

Copper World Complex

The Company is committed to pay Hudbay total upfront cash payments of $230 million in two installments, with the first $50 million being advanced upon Hudbay’s receipt of permitting for the Copper World Complex and other customary conditions and the balance of $180 million being advanced once project costs incurred on the Copper World Complex exceed $98 million and certain other customary conditions.

The Copper World Complex has a designed mill throughput of 60,000 short tons per day. Under the terms of the amended Copper World PMPA, should Hudbay expand mill throughput to 90,000 short tons per day, Wheaton will be required to make an additional fixed payment to Hudbay, the amount of which depends on when the expansion is completed relative to the Copper World Complex achieving commercial production. The payment ranges from $70 million, if the expansion is completed within five years, to $45 million, if completed more than nine years but no more than ten years, in each case after achieving commercial production. No payment is due if the expansion is completed more than ten years after achieving commercial production.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [31]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Santo Domingo

The Company is committed to pay Capstone Copper Corp. (“Capstone”) total upfront cash payments of $290 million, which is payable during the construction of the Santo Domingo project, subject to customary conditions being satisfied, including Capstone attaining sufficient financing to cover total expected capital expenditures.

El Domo

Under the terms of the El Domo PMPA, the Company is committed to pay additional upfront cash payments of $87.8 million, which includes $0.25 million which will be paid to support certain local community development initiatives around the El Domo project. The payments will be payable in three staged installments during construction, subject to various customary conditions being satisfied.

Marathon

Under the terms of the Marathon PMPA, the Company is committed to pay additional upfront cash payments of $141 million (Cdn$200 million), which is to be paid in four staged installments during construction of the Marathon project, subject to various customary conditions being satisfied.

Cangrejos

Under the terms of the Cangrejos PMPA, the Company is committed to pay additional upfront consideration of $169 million, which is to be paid in two staged equal installments during construction of the mine, subject to various customary conditions being satisfied.

Curraghinalt

Under the terms of the Curraghinalt PMPA, the Company is committed to pay additional upfront cash payments of $55 million to be paid to an affiliate of Dalradian Gold during construction of the Curraghinalt project.

Loma de La Plata

Under the terms of the Loma de La Plata PMPA, the Company is committed to pay Pan American Silver Corp. (“PAAS”) total upfront cash payments of $32 million following the satisfaction of certain conditions, including PAAS receiving all necessary permits to proceed with the mine construction and the Company finalizing the definitive terms of the PMPA.

Spring Valley

Under the terms of the Spring Valley PMPA, the Company is committed to pay Waterton Gold Corp. (“Waterton Gold”) additional upfront cash payments of $570 million in installments as various conditions are satisfied. Of this amount, $35 million was paid on October 21, 2026. The Company has also provided a cost overrun facility (the “Spring Valley Facility”) of up to $150 million, accessible during an availability period commencing once the full upfront consideration has been paid under the Spring Valley PMPA. The Spring Valley Facility has a maturity date of three years following the first drawdown under the Spring Valley Facility.

Kudz Ze Kayah

Under the terms of the amended KZK PMPA, an additional $15 million contingency payment is due to BMC if the KZK project achieves certain permitting milestones.

Jervois

Under the terms of the Jervois PMPA, the Company is committed to pay additional upfront cash payments of $259 million. Of this amount, $16 million was paid on October 2, 2026, while the remaining balance of $243 million will be paid in four equal installments over the construction period as various conditions are satisfied.

Cotabambas

Under the terms of the Cotabambas Early Deposit Agreement, the Company is committed to pay Panoro Minerals Ltd. additional upfront cash payments of $126 million. Following the delivery of a bankable definitive feasibility study, environmental study and impact assessment, and other related documents (collectively, the “Cotabambas Feasibility Documentation”), and receipt of permits and construction commencing, the Company may then advance the remaining deposit or elect to terminate the Cotabambas Early Deposit Agreement. If the Company elects to terminate, the Company will be entitled to a return of the portion of the amounts advanced less $2 million payable upon certain triggering events occurring.

Toroparu

Under the terms of the Toroparu Early Deposit Agreement, the Company is committed to pay a subsidiary of Aris Mining an additional $138 million, payable on an installment basis to partially fund construction of the mine. Aris Mining is to deliver certain feasibility documentation. Prior to the delivery of this feasibility documentation, Wheaton may elect to (i) not proceed with the agreement or (ii) not pay the balance of the upfront consideration and reduce the

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [32]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

gold stream percentage from 10% to 0.909% and the silver stream percentage from 50% to nil. If option (i) is chosen, Wheaton will be entitled to a return of the amounts advanced less $2 million. If Wheaton elects option (ii), Aris Mining may elect to terminate the agreement and Wheaton will be entitled to a return of the amount of the deposit already advanced less $2 million.

Kutcho

Under the terms of the Kutcho Early Deposit Agreement, the Company is committed to pay Kutcho additional upfront cash payments of $58 million, which will be advanced on an installment basis to partially fund construction of the mine once certain conditions have been satisfied.

Spanish Mountain Royalty

Under the terms of the Spanish Mountain Royalty, the Company is committed to pay Spanish Mountain Gold Limited an additional $32.5 million, comprised of a $12.5 million payment due after 60,000 meters of drilling and a $20 million payment due upon receiving approval under the Environmental Assessment Act (British Columbia) for the construction and operation of the project.

Cipango Royalty

Under the terms of the Cipango Royalty, the Company is committed to pay Cipango Limited an additional payment of $3 million due upon completion of a geochemical survey with respect to any project.

Tax Contingencies

Due to the size, complexity and nature of the Company’s operations, various legal and tax matters are outstanding from time to time, including audits and disputes.

It is not known or determinable by the Company when any ongoing audits by CRA of international and domestic transactions will be completed, or whether reassessments will be issued, or the basis, quantum or timing of any such potential reassessments, and it is therefore not practicable for the Company to estimate the financial effect, if any, of any ongoing audits. From time to time there may also be proposed legislative changes to law or outstanding legal actions that may have an impact on the current or prior periods, the outcome, applicability and impact of which is also not known or determinable by the Company.

General

By their nature, contingencies will only be resolved when one or more future events occur or fail to occur. The assessment of contingencies inherently involves the exercise of significant judgment and estimates of the outcome of future events. If the Company is unable to resolve any of these matters favorably, there may be a material adverse impact on the Company’s financial performance, cash flows or results of operations. In the event that the Company’s estimate of the future resolution of any of the foregoing matters changes, the Company will recognize the effects of the change in its consolidated financial statements in the appropriate period relative to when such change occurs.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [33]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

25.

Segmented Information

Operating Segments

The Company’s reportable operating segments, which are the components of the Company’s business where discrete financial information is available and which are evaluated on a regular basis by the Company’s Chief Executive Officer (“CEO”), who is the Company’s chief operating decision maker, for the purpose of assessing performance, are summarized in the tables below:

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [34]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)


Three Months Ended September 30, 2026
(in thousands)	Sales		Cost of Sales		Depletion		Net Earnings			Cash Flow From Operations			Total Assets

Gold

Salobo	$	269,890	$	27,393	$	26,212	$	216,285		$	242,497		$	2,542,453

Sudbury ¹		17,701		1,645		5,451		10,605			16,037			200,616

Constancia		12,138		1,227		948		9,963			10,911			46,641

San Dimas		31,628		4,815		3,266		23,547			26,813			116,105

Stillwater		6,824		1,222		880		4,722			5,602			201,800

Blackwater		23,096		8,083		3,348		11,665			14,791			320,936

Platreef		407		10		62		335			397			275,640

Other ²		31,286		6,114		7,887		17,285			25,173			1,726,029

Total gold interests	$	392,970	$	50,509	$	48,054	$	294,407		$	342,221		$	5,430,220

Silver

Peñasquito	$	124,925	$	9,157	$	9,379	$	106,389		$	115,768		$	176,277

Antamina		128,628		26,397		53,674		48,557			102,231			4,654,655

Constancia		32,249		3,253		3,439		25,557			28,996			140,721

Blackwater		9,400		1,847		1,338		6,215			7,759			164,184

Other ³		62,536		10,201		4,886		47,449			65,777			572,019

Total silver interests	$	357,738	$	50,855	$	72,716	$	234,167		$	320,531		$	5,707,856

Palladium

Stillwater	$	3,642	$	645	$	1,321	$	1,676		$	2,997		$	205,123

Platreef		45		13		11		21			31			78,803

Total palladium interests	$	3,687	$	658	$	1,332	$	1,697		$	3,028		$	283,926

Platinum

Marathon	$	-	$	-	$	-	$	-		$	-		$	9,451

Platreef		81		24		12		45			57			57,572

Total platinum interests	$	81	$	24	$	12	$	45		$	57		$	67,023

Cobalt

Voisey’s Bay	$	17,258	$	3,291	$	5,779	$	8,188		$	13,517		$	200,954

Total mineral stream interests	$	771,734	$	105,337	$	127,893	$	538,504		$	679,354		$	11,689,979

Other

General and administrative							$	(10,225	)	$	(9,469	)

Share based compensation								(13,528	)		-

Donations and community investments								(3,740	)		(3,935	)

Finance costs								(25,097	)		(23,562	)

Other								1,761			2,540

Income tax								(77,427	)		(72	)

Total other							$	(128,256	)	$	(34,498	)	$	532,242

Consolidated							$	410,248		$	644,856		$	12,222,221

1)	Comprised of the operating Coleman, Copper Cliff, Garson, Creighton, Stobie and Totten gold interests as well as the non-operating Victor gold interest.

Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests comprised of the Copper World, Marmato, Santo Domingo, Fenix, El Domo, Marathon, Goose, Cangrejos, Curraghinalt, Kudz Ze Kayah, Koné, Kurmuk, Spring Valley, Hemlo and Jervois gold interests.

Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests comprised of the Los Filos, Zinkgruvan, Stratoni, Neves-Corvo, Aljustrel, El Alto, Copper World, Navidad, Marmato, Cozamin , El Domo, Mineral Park, Kudz Ze Kayah and Jervois silver interests.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [35]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)


Three Months Ended September 30, 2025
(in thousands)	Sales		Cost of Sales		Depletion		Gain on Disposal ¹		Net Earnings			Cash Flow From Operations			Total Assets

Gold

Salobo	$	193,363	$	23,916	$	22,538	$	-	$	146,909		$	169,447		$	2,654,535

Sudbury ²		16,850		1,892		6,616		-		8,342			6,305			223,690

Constancia		9,388		1,157		917		-		7,314			8,231			58,047

San Dimas		23,076		4,281		2,850		-		15,945			18,795			128,937

Stillwater		5,080		900		835		-		3,345			4,180			205,223

Blackwater		23,028		7,988		3,917		-		11,123			4,123			334,215

Platreef		-		-		-		-		-			-			275,702

Other ³		4,012		1,596		510		85,724		87,630			3,486			825,419

Total gold interests	$	274,797	$	41,730	$	38,183	$	85,724	$	280,608		$	214,567		$	4,705,768

Silver

Peñasquito	$	63,205	$	7,335	$	8,187	$	-	$	47,683		$	55,870		$	216,421

Antamina		60,981		12,604		6,817		-		41,560			48,377			467,399

Constancia		10,806		1,732		1,767		-		7,307			9,074			155,341

Blackwater		5,692		1,018		1,030		-		3,644			3,030			168,535

Other ⁴		48,111		7,534		3,935		-		36,642			39,044			548,017

Total silver interests	$	188,795	$	30,223	$	21,736	$	-	$	136,836		$	155,395		$	1,555,713

Palladium

Stillwater	$	3,042	$	532	$	1,276	$	-	$	1,234		$	2,510		$	209,743

Platreef		-		-		-		-		-			-			78,814

Total palladium interests	$	3,042	$	532	$	1,276	$	-	$	1,234		$	2,510		$	288,557

Platinum

Marathon	$	-	$	-	$	-	$	-	$	-		$	-		$	9,451

Platreef		-		-		-		-		-			-			57,584

Total platinum interests	$	-	$	-	$	-	$	-	$	-		$	-		$	67,035

Cobalt

Voisey’s Bay	$	9,623	$	1,818	$	4,771	$	-	$	3,034		$	8,546		$	220,250

Total mineral stream interests	$	476,257	$	74,303	$	65,966	$	85,724	$	421,712		$	381,018		$	6,837,323

Other

General and administrative									$	(10,424	)	$	(6,720	)

Share based compensation										(8,652	)		-

Donations and community investments										(1,406	)		(1,441	)

Finance costs										(1,441	)		(144	)

Other										12,834			10,662

Income tax										(45,407	)		(422	)

Total other									$	(54,496	)	$	1,935		$	1,582,195

Consolidated									$	367,216		$	382,953		$	8,419,518

1)	Refer to Note 12 for more information.

2)	Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating Stobie and Victor gold interests.

Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests comprised of the Marmato, Copper World, Santo Domingo, Fenix, El Domo, Marathon, Goose, Cangrejos, Curraghinalt, Kudz Ze Kayah, Koné and Kurmuk gold interests.

Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests comprised of the Los Filos, Zinkgruvan, Neves-Corvo, Marmato, Cozamin, Stratoni, Aljustrel, El Alto, Copper World, Navidad, El Domo, Mineral Park and Kudz Ze Kayah silver interests.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [36]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)


Nine Months Ended September 30, 2026
(in thousands)	Sales		Cost of Sales		Depletion		Net Earnings			Cash Flow From Operations			Total Assets

Gold

Salobo	$	866,182	$	83,174	$	78,257	$	704,751		$	783,008		$	2,542,453

Sudbury ¹		59,125		5,198		17,878		36,049			53,930			200,616

Constancia		78,174		7,178		5,643		65,353			70,997			46,641

San Dimas		95,418		13,627		9,113		72,678			81,791			116,105

Stillwater		19,252		3,498		2,402		13,352			15,753			201,800

Blackwater		74,865		25,809		10,112		38,944			49,398			320,936

Platreef		407		10		62		335			397			275,640

Other ²		88,369		18,615		22,206		47,548			71,268			1,726,029

Total gold interests	$	1,281,792	$	157,109	$	145,673	$	979,010		$	1,126,542		$	5,430,220

Silver

Peñasquito	$	445,673	$	28,411	$	30,589	$	386,673		$	417,262		$	176,277

Antamina		406,191		81,737		104,996		219,458			324,454			4,654,655

Constancia		122,248		10,376		10,682		101,190			111,872			140,721

Blackwater		28,835		5,298		3,318		20,219			23,653			164,184

Other ³		260,320		55,783		13,274		191,263			238,068			572,019

Total silver interests	$	1,263,267	$	181,605	$	162,859	$	918,803		$	1,115,309		$	5,707,856

Palladium

Stillwater	$	11,508	$	2,093	$	3,769	$	5,646		$	9,415		$	205,123

Platreef		45		13		11		21			31			78,803

Total palladium interests	$	11,553	$	2,106	$	3,780	$	5,667		$	9,446		$	283,926

Platinum

Marathon	$	-	$	-	$	-	$	-		$	-		$	9,451

Platreef		81		24		12		45			57			57,572

Total platinum interests	$	81	$	24	$	12	$	45		$	57		$	67,023

Cobalt

Voisey’s Bay	$	45,711	$	8,579	$	14,923	$	22,209		$	32,955		$	200,954

Total mineral stream interests	$	2,602,404	$	349,423	$	327,247	$	1,925,734		$	2,284,309		$	11,689,979

Other

General and administrative							$	(34,524	)	$	(40,413	)

Share based compensation								(28,447	)		(29,257	)

Donations and community investments								(9,902	)		(9,241	)

Finance costs								(57,599	)		(55,414	)

Other								28,568			19,727

Income tax								(288,302	)		(109,515	)

Total other							$	(390,206	)	$	(224,113	)	$	532,242

Consolidated							$	1,535,528		$	2,060,196		$	12,222,221

1)	Comprised of the operating Coleman, Copper Cliff, Garson, Creighton, Stobie and Totten gold interests as well as the non-operating Victor gold interest.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [37]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)


Nine Months Ended September 30, 2025
(in thousands)	Sales		Cost of Sales		Depletion		Gain on Disposal ¹		Net Earnings (Loss)			Cash Flow From Operations			Total Assets

Gold

Salobo	$	687,165	$	92,592	$	84,950	$	-	$	509,623		$	594,573		$	2,654,535

Sudbury ²		42,564		5,284		17,861		-		19,419			28,612			223,690

Constancia		60,140		8,212		6,279		-		45,649			51,928			58,047

San Dimas		72,808		14,621		7,544		-		50,643			58,187			128,937

Stillwater		15,268		2,686		2,237		-		10,345			12,582			205,223

Blackwater		34,426		11,956		6,016		-		16,454			11,552			334,215

Platreef		-		-		-		-		-			-			275,702

Other ³		10,474		4,279		1,289		85,724		90,630			9,139			825,419

Total gold interests	$	922,845	$	139,630	$	126,176	$	85,724	$	742,763		$	766,573		$	4,705,768

Silver

Peñasquito	$	197,943	$	25,976	$	28,044	$	-	$	143,923		$	171,967		$	216,421

Antamina		125,595		25,623		23,372		-		76,600			99,973			467,399

Constancia		55,320		10,212		10,037		-		35,071			45,108			155,341

Blackwater		10,932		1,953		2,412		-		6,567			7,548			168,535

Other ⁴		109,683		15,581		13,746		-		80,356			85,075			548,017

Total silver interests	$	499,473	$	79,345	$	77,611	$	-	$	342,517		$	409,671		$	1,555,713

Palladium

Stillwater	$	7,978	$	1,405	$	3,436	$	-	$	3,137		$	6,573		$	209,743

Platreef		-		-		-		-		-			-			78,814

Total palladium interests	$	7,978	$	1,405	$	3,436	$	-	$	3,137		$	6,573		$	288,557

Platinum

Marathon	$	-	$	-	$	-	$	-	$	-		$	-		$	9,451

Platreef		-		-		-		-		-			-			57,584

Total platinum interests	$	-	$	-	$	-	$	-	$	-		$	-		$	67,035

Cobalt

Voisey’s Bay	$	19,590	$	3,727	$	10,439	$	-	$	5,424		$	15,415		$	220,250

Total mineral stream interests	$	1,449,886	$	224,107	$	217,662	$	85,724	$	1,093,841		$	1,198,232		$	6,837,323

Other

General and administrative									$	(34,970	)	$	(36,596	)

Share based compensation										(30,795	)		(17,209	)

Donations and community investments										(6,466	)		(6,416	)

Finance costs										(4,309	)		(3,330	)

Other										30,090			27,628

Income tax										(133,920	)		(3,604	)

Total other									$	(180,370	)	$	(39,527	)	$	1,582,195

Consolidated									$	913,471		$	1,158,705		$	8,419,518

1)	Refer to Note 12 for more information.

2)	Comprised of the operating Coleman, Copper Cliff, Garson, Creighton and Totten gold interests as well as the non-operating Stobie and Victor gold interests.

Where a gold interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the gold interest has been summarized under Other gold interests. Other gold interests comprised of the Marmato, Copper World, Santo Domingo, Fenix, El Domo, Marathon, Goose, Cangrejos, Curraghinalt, Kudz Ze Kayah, Koné and Kurmuk gold interests.

Where a silver interest represents less than 10% of the Company’s sales, gross margin or aggregate asset book value and is not evaluated on a regular basis by the Company’s CEO for the purpose of assessing performance, the silver interest has been summarized under Other silver interests. Other silver interests comprised of the Los Filos, Zinkgruvan, Neves-Corvo, Marmato, Cozamin, Stratoni, Aljustrel, El Alto, Copper World, Navidad, El Domo, Mineral Park and Kudz Ze Kayah silver interests.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [38]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)

Geographical Areas

The Company’s geographical information, which is based on the location of the mining operations to which the mineral stream interests relate, are summarized in the tables below:


	Sales						Carrying Amount at September 30, 2026

(in thousands)	Three Months Ended Sep 30, 2026			Nine Months Ended Sep 30, 2026			Gold Interests		Silver Interests		Palladium Interests		Platinum Interests		Cobalt Interests		Total

North America

Canada	$	83,378	11%	$	266,827	10%	$	924,315	$	190,859	$	-	$	9,451	$	200,954	$	1,325,579	12	%

United States		12,818	2%		35,869	1%		302,179		115,765		205,123		-		-		623,067	6	%

Mexico		165,560	21%		574,093	22%		116,102		258,813		-		-		-		374,915	3	%

Europe

Portugal		22,053	3%		127,459	5%		-		14,486		-		-		-		14,486	0	%

Sweden		28,528	4%		92,833	4%		-		21,859		-		-		-		21,859	0	%

United Kingdom		-	0%		-	0%		20,381		-		-		-		-		20,381	0	%

South America

Argentina/Chile ¹		-	0%		-	0%		-		253,514		-		-		-		253,514	2	%

Argentina		-	0%		-	0%		-		10,889		-		-		-		10,889	0	%

Chile		11,218	1%		18,612	1%		142,307		-		-		-		-		142,307	1	%

Brazil		269,890	35%		866,182	33%		2,542,453		-		-		-		-		2,542,453	22	%

Peru		173,014	22%		606,614	23%		46,642		4,795,370		-		-		-		4,842,012	41	%

Ecuador		-	0%		-	0%		98,097		23,378		-		-		-		121,475	1	%

Colombia		4,743	1%		13,383	1%		153,806		12,377		-		-		-		166,183	1	%

Africa

Côte d’Ivoire		-	0%		-	0%		626,470		-		-		-		-		626,470	5	%

Ethiopia		-	0%		-	0%		175,592		-		-		-		-		175,592	2	%

South Africa		532	0%		532	0%		275,639		-		78,803		57,572		-		412,014	4	%

Asia Pacific

Australia		-	0%		-	0%		6,237		10,546		-		-		-		16,783	0	%

Consolidated	$	771,734	100%	$	2,602,404	100%	$	5,430,220	$	5,707,856	$	283,926	$	67,023	$	200,954	$	11,689,979	100	%

1)	Includes the El Alto project, which straddles the border of Argentina and Chile.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [39]

Notes to the Condensed Interim Consolidated Financial Statements

Three and Nine Months Ended September 30, 2026 (US Dollars)


	Sales						Carrying Amount at December 31, 2025

(in thousands)	Three Months Ended Sep 30, 2025			Nine Months Ended Sep 30, 2025			Gold Interests		Silver Interests		Palladium Interests		Platinum Interests		Cobalt Interests		Total

North America

Canada	$	55,532	12%	$	107,850	7%	$	969,600	$	194,177	$	-	$	9,451	$	215,877	$	1,389,105	20	%

United States		8,122	2%		23,246	2%		254,324		116,510		208,892		-		-		579,726	9	%

Mexico		91,632	19%		288,664	20%		125,215		299,441		-		-		-		424,656	6	%

Europe

Portugal		13,669	3%		28,729	2%		-		15,373		-		-		-		15,373	0	%

Sweden		28,722	6%		62,089	4%		-		23,136		-		-		-		23,136	0	%

United Kingdom		-	0%		-	0%		20,376		-		-		-		-		20,376	0	%

South America

Argentina/Chile ¹		-	0%		-	0%		-		253,514		-		-		-		253,514	3	%

Argentina		-	0%		-	0%		-		10,889		-		-		-		10,889	0	%

Chile		1,075	0%		2,961	0%		176,947		-		-		-		-		176,947	2	%

Brazil		193,363	40%		687,165	47%		2,620,710		-		-		-		-		2,620,710	35	%

Peru		81,174	17%		241,055	17%		52,285		610,481		-		-		-		662,766	9	%

Ecuador		-	0%		-	0%		65,046		11,714		-		-		-		76,760	1	%

Colombia		2,968	1%		8,127	1%		78,931		6,506		-		-		-		85,437	1	%

Africa

Côte d’Ivoire		-	0%		-	0%		470,106		-		-		-		-		470,106	6	%

Ethiopia		-	0%		-	0%		175,548		-		-		-		-		175,548	2	%

South Africa		-	0%		-	0%		275,702		-		78,814		57,584		-		412,100	6	%

Consolidated	$	476,257	100%	$	1,449,886	100%	$	5,284,790	$	1,541,741	$	287,706	$	67,035	$	215,877	$	7,397,149	100	%

1)	Includes the El Alto project, which straddles the border of Argentina and Chile.

26.

Subsequent Events

Declaration of Dividend

Under the Company’s dividend policy, the quarterly dividend is fixed at $0.195 per common share for 2026. The declaration, timing, amount and payment of future dividends remain at the discretion of the Board of Directors.

On November 5, 2026, the Board of Directors declared a dividend in the amount of $0.195 per common share, with this dividend being payable to shareholders of record on November 19, 2026 and is expected to be distributed on or about December 3, 2026. The Company has implemented a dividend reinvestment plan (“DRIP”) whereby shareholders can elect to have dividends reinvested directly into additional Wheaton common shares based on the Average Market Price, as defined in the DRIP.

WHEATON PRECIOUS METALS 2026 THIRD QUARTER REPORT - FINANCIAL STATEMENTS [40]

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