Silver Stocks Are Turning High Margins Into Dividends for Shareholders. 1 Precious Metals Stock to Buy Right Now. - The Globe and Mail

AI desk brief

Wheaton Precious Metals is using elevated gold and silver prices to widen margins and raise shareholder returns, with the company lifting its quarterly dividend 18% earlier this year. In Q2 it paid an average $9.57/oz for silver and $543/oz for gold, then sold the metals at $73.41/oz and $4,452/oz, respectively, underscoring how its streaming model captures nearly all upside from higher spot prices.

Through H1, Wheaton’s cash operating margin jumped 139% to $66.96/oz for silver and 56% to $4,099/oz for gold. The piece argues the model is less exposed to inflation than traditional miners and still has room for another dividend increase, while noting gold and silver remain elevated despite a sharp pullback from 2026 highs amid debt and geopolitical concerns.