Thursday, March 22, 2012

Reuters: Global Markets: Silver Wheaton fourth quarter profit rises

Reuters: Global Markets
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Silver Wheaton fourth quarter profit rises
Mar 22nd 2012, 23:22

Thu Mar 22, 2012 7:22pm EDT

Reuters) - Silver Wheaton (SLW.TO) reported on Thursday a 20 percent rise in profit, helped by increased selling prices of silver and gold.

Fourth-quarter earnings rose to $144.7 million, or 41 cents a share. That compared to adjusted earnings of $120.7 million, or 35 cents a share in the year-ago quarter.

Revenue rose 28 percent to $191.9 million, as the mining company sold 5.8 million ounces of silver.

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