Skip to main content

Silver Wheaton mining at Lusimin Operations in Mexico.


Silver Wheaton Corp. experienced a lower profit in the third quarter as the mining company's revenue fell and expenses rose.

The Vancouver-based company says its net income fell by 11 per cent to $119.7-million (U.S.) .

That's the equivalent of 34 cents per share – down from 38 cents per share or $135.0-million in the third quarter of 2011.

Story continues below advertisement

The company's revenue was down 13 per cent year-to-year, falling to $161.3-million from $185.2-million – mostly as a result of lower prices for silver.

Silver Wheaton's expenses also went up, with the average cash cost rising four cents an ounce to $4.16.

The company declared a dividend of seven cents per share – about 20 per cent of the cash generated by operations during the quarter.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to