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WPM headline profit folds in half

The world’s biggest metals streaming firm Wheaton Precious Metals (NYSE:WPM) has nearly halved its year-on-year headline profit during the September quarter, as lower sales and lacklustre metals prices weighed down the bottom line.

WPM headline profit folds in half WPM headline profit folds in half WPM headline profit folds in half WPM headline profit folds in half WPM headline profit folds in half

WPM has recorded the first palladium deliveries from Sibanye-Stillwater's Stillwater mine, Montana

Adjusted net earnings for the period came to US$35 million, or 8c per share, compared with $67 million, or 15c, in the comparable quarter of 2017.

Revenue fell 8.