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.

Resilience shown as gold miner Silver Lake's profit drops Resilience shown as gold miner Silver Lake's profit drops Resilience shown as gold miner Silver Lake's profit drops Resilience shown as gold miner Silver Lake's profit drops Resilience shown as gold miner Silver Lake's profit drops

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.

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