CAPITAL MARKETS

Resilience shown as gold miner Silver Lake's profit drops

SILVER Lake Resources has signed off on a A$77.7 million net profit after tax following a year in which it sold 256,000 ounces at an all-in sustaining cost of $1756/oz.

 Profit down, but "resilience" of Silver Lake's operations on display

Profit down, but "resilience" of Silver Lake's operations on display

That compares to $98.2 million in the previous reporting period. The company said the 2021/22 profit includes a non-cash tax expense of $37.7 million and a "gain on bargain purchase" of $28.8 million...

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