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Silver Wheaton earnings soar on sales gains

Silver Wheaton mining at Lusimin Operations in Mexico.


Silver Wheaton Corp. says its net earnings almost tripled in second quarter reaching a record $148.1-million (U.S.) helped by higher sales results.

The Vancouver-based company said the results were equal to 42 cents per share for the three month period.

That compares to $15.2-million of profit, or four cents a share, in the same quarter a year earlier.

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Revenue more than doubled to a record $194.8-million.

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