Silver Wheaton Q2 profit plunges 50% amid falling revenue; dividend reduced

VANCOUVER – Silver Wheaton Corp. (TSX:SLW) saw its net earnings cut in half in the second quarter despite record attributable silver production of 8.6 million ounces. The Vancouver-based concern also announced a reduction in its quarterly dividend to 10 cents US per share from 12 cents as profits fell to US$71.1 million from US$141.4 million in the same year-earlier period.

News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

Related Articles