March 21 Silver Wheaton Corp
reported a 23 percent rise in fourth-quarter profit as output
rose by more than a fifth.
Profit rose to $177.7 million, or 50 cents per share,
from$144.7 million, or 41 cents per share, in the year-earlier
Attributable silver equivalent output rose 22 percent to 8.5
million ounces, for the quarter. Average cash costs rose to
$4.70 per silver equivalent ounce, from $4.06 per silver
equivalent ounce, a year earlier.
Vancouver-based Silver Wheaton, which provides miners with
cash up front to finance mine construction in exchange for the
right to buy future silver production at a set price, said
revenue rose 50 percent to $287.2 million.
Silver Wheaton shares, which have lost about 19 percent of
their value over the last six months, closed at C$31.69 on the
Toronto Stock Exchange on Thursday.