Silver Lake has created ore source production flexibility through its investment in generating ore stockpiles of approximately 2.7 million tonnes at 1.35 g/t for 115,000 contained ounces
The cost of mining the 115k oz (read $300m) is taken into account, so hits this years profit, large % will come back once refined
The hedge book is down to about 3 months, about $300 extra on each oz
$35m upgrade of mill at deflector
So in quick reply, there a a few one off that help explain the numbers
More $$ in the bank, more gold sales this year @ better $$
GLTAH
SLR Price at posting:
$1.33 Sentiment: Buy Disclosure: Held
