Reuters logo
Silver Wheaton profit falls due to lower metal prices
March 20, 2014 / 9:20 PM / 4 years ago

Silver Wheaton profit falls due to lower metal prices

March 20 (Reuters) - Canada’s Silver Wheaton Corp reported a 47 percent fall in quarterly profit, hurt by a decline in metal prices.

The company’s net earnings fell to $93.9 million, or 26 cents a share, in the fourth quarter ended Dec. 31, from $177.7 million, or 50 cents, a year earlier.

Revenue fell 42 percent to $167.4 million.

The Vancouver-based company helps finance mining projects in exchange for the right to buy future silver production at a set price. (Reporting by Allison Martell in Toronto and Sneha Banerjee in Bangalore; Editing by Maju Samuel)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below