Strong end to gold production year by Silver Lake

SILVER Lake Resources has forecast production of 140-150,000 ounces in the new financial year after completion of a strong June quarter saw nearly 158,000oz produced in 2017-18.

Strong end to gold production year by Silver Lake Strong end to gold production year by Silver Lake Strong end to gold production year by Silver Lake Strong end to gold production year by Silver Lake Strong end to gold production year by Silver Lake
The 42,258oz produced in the June period from the Mount Monger operations south and southeast of Kalgoorlie incurred all-in sustaining costs of A$1252/oz and took AISC for the year to $1289/oz.
 
The AISC expectation for the current year is $1350-1390/oz.
 
Silver Lake has 129,000oz hedged over the next two years at an average price of $1726/oz.
 
Cash and bullion totalling $105.7 million were held at the end of June, an $18.3 million increase on the previous quarter.
 
An exploration spend of $12 million has been budgeted for the year.
 
Growth capital expenditure for fiscal 2019 is expected to be in the order of $5 million and largely as...

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