SLR 3.26% $1.59 silver lake resources limited

Ann: Fourth Quarter and FY23 Sales Result, page-114

  1. 4,840 Posts.
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    # With the Ann stating 4th Quarter guidance & how the Co was progressing we'd be happy with the higher Aussie dollar, Gold price heading north and no hedging would we?
    Sugar Zone drilling & exploration, while still building cash/bullion, can we really deliver with a quality acquisition. Need something to break the current trend, so hopefully Co working on something in the background.

    'Silver Lake Resources Limited (“Silver Lake” or the “Company”) is pleased to
    announce preliminary fourth quarter sales results and the delivery of annual sales
    guidance for the ninth consecutive year.
    A record quarterly sales result of 83,540 ounces driven by the performance of the
    Deflector and Mount Monger operations delivers FY23 sales of 260,370 ounces, in
    line with the annual guidance range and 3% higher year on year. The delivery of
    Group guidance is particularly pleasing given the impact of forest fires in northern
    Ontario which impacted the June production result at the Sugar Zone operation.
    All in sustaining costs (“AISC”) for the fourth quarter are yet to be finalised but are
    expected to decrease to the lowest level for the year, with FY23 AISC expected to
    be within the guidance range of A$1,950 to A$2,050 per ounce.
    The strong fourth quarter performance is consistent with Silver Lake’s “invest and
    yield” strategy and reflects the investment through the first half to establish access
    to new higher grade mining areas at both Deflector and Mount Monger.
    Silver Lake ended the financial year with cash and bullion of $331 million, up from
    $268 million at 31 March 2023, and remains debt free.
    The strong operating performance has continued the demonstrated track record of
    organically strengthening Silver Lake’s balance sheet and the ability to prudently
    execute a “through the cycle” growth strategy for the benefit of Silver Lake
    shareholders.'
    Last edited by Kotaredrew: 07/09/23
 
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