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Wheaton Precious Metals posts 20% dip in Q3 profit

Creamer Media Deputy Editor: North America
The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reported a 20% year-on-year drop in profit, as lower attributable production and lower metals prices weighed on the bottom line. For the three months ended September, the Vancouver-based company recorded net profit of $67-million, or $0.15 a share, compared with $83-million, or $0.19 a share in the same period a year earlier. The result was on par with the average forecast of 13 analysts expecting earnings of $0.15 a share.

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