Silver Wheaton mining at Lusimin Operations in Mexico.
Silver Wheaton Corp. (SLW) on Wednesday reported a fourth-quarter loss of $169.3-million, after reporting a profit in the same period a year earlier.
The Vancouver-based company said it had a loss of 42 cents per share. Earnings, adjusted for asset impairment costs, were 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The precious metals streaming company posted revenue of $200.5-million in the period, which also topped Street forecasts. Eleven analysts surveyed by Zacks expected $173.9-million.
For the year, the company reported a loss of $162-million, or 41 cents per share, swinging to a loss in the period. Revenue was reported as $648.7-million.
Silver Wheaton shares have increased 43 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.80, a decline of slightly more than 5 per cent in the last 12 months.