Silver Wheaton Marks Sharp 50 Drop in Profits, Even with Record Output

Mining Weekly reported that Silver Wheaton(NYSE:SLW, TSX:SLW) suffered a plunge in quarterly profits in Q2, down to $71.1-million from $141.4-million reported during the same period a year prior.

As quoted in the Mining Weekly report:

Revenues fell 17% year-on-year to $166.9-million in the June quarter, despite record attributable output of 8.6-million ounces, comprising 6.4-million ounces of silver and 35 600 oz of gold, which was a 28% year-on-year increase on 6.7-million ounces.

To view the whole Mining Weekly report, click here.