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Silver Wheaton Corp. Message Board

  • caeciliu caeciliu Aug 14, 2013 10:38 PM Flag

    Earnings of SLW were not a miss

    Okay. Here is the exact quote taken from the earnings release. There was a $4.5 million charge applied to the 20 cents a share earnings. See below for release. Actual earnings from operations were 35 cents a share.

    Earnings and Operating Cash Flows

    Net earnings in the second quarter of 2013 were $71.1 million ($0.20 per share), compared with $141.4 million ($0.40 per share) for the same period in 2012, a decrease of 50%. In the second quarter, a charge of $4.5 million was taken as a result of refinancing the Bridge Facility. Cash flow from operations in the second quarter of 2013 was $125.3 million ($0.35 per share1), compared to $172.9 million ($0.49 per share1) for the same period in 2012, a decrease of 28%. Earnings and cash flow were impacted by lower gold and silver prices, as well as increased costs due to an increase in gold sales, as noted above.

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