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$1.57 silver lake resources limited

Ann: Quarterly Activities Report, page-5

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Trent2684

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31/07/23

09:08

Post #: 69069281
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Originally posted by Joelstar: ↑

Downgrade for FY24 is a non-event. It reflects Sugar Zone's loss of production for FY24.
AISC will actually drop YoY with production remaining almost identical to FY23's output.
This is an excellent decision by SLR management as the Canadian operation is not FCF generative as it stands. Shut down ops, drill out ore body, move camp closer to plant and away she goes.
Brilliant quarter, well done to the SLR team!

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Originally posted by Joelstar: ↑

Downgrade for FY24 is a non-event. It reflects Sugar Zone's loss of production for FY24.
AISC will actually drop YoY with production remaining almost identical to FY23's output.
This is an excellent decision by SLR management as the Canadian operation is not FCF generative as it stands. Shut down ops, drill out ore body, move camp closer to plant and away she goes.
Brilliant quarter, well done to the SLR team!

Expand

Yep. No point in selling expensive ounces. Will be just as profitable if not more because of the better margin. Huge underlying cash build. Great QRT

SLR Price at posting: $1.12 Sentiment: None Disclosure: Not Held
5 Upvote

0 Great analysis

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