Gold Wheaton Reports Net Loss Of A Penny A Share

Gold Wheaton has reported a 1 cent per share net loss for a stretched-out FY 2008. In that fifteen-month period, lengthened due to a change in the fiscal year end-date, Gold Wheaton's EBITDA was $4 million, or less than a cent per share. The loss for the quarter, though, was $2 million - about half of the entire loss for the entire 15-month period. In the news release that goes through its activities, Gold Wheaton ascribed the $2 million deficit primarily to foreign-exchange losses.

This news hit the Net after the close of regular trading today. Gold Wheaton ended the day at 21.5 cents, up a penny from yesterday's close. The bid-ask is 21 cents - 25 cents.

The company's Google Finance web page is here.

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