May 8 (Reuters) - Silver Wheaton Corp reported a fall in quarterly profit, hurt by a slump in prices of the metal.
The company's profit fell to $79.8 million, or 22 cents per share, in the first quarter ended March 31, from $133.4 million, or 38 cents, a year earlier.
Revenue fell 20 percent to $165.4 million.
Vancouver-based Silver Wheaton helps finance mining projects in exchange for the right to buy future silver production at a set price.
(Reporting by Nicole Mordant in Vancouver and Anannya Pramanick in Bangaliore; Editing by Saumyadeb Chakrabarty)
- Commodity Markets
- Silver Wheaton Corp