Silver Lake Ninth Consecutive Sales Guidance Met

Silver Lake Resources has released its FY23 Sales Result and has shown to have met sales guidance for the ninth consecutive year.

The strong result is off the back of a record quarterly sales result of 83,540 ounces. This has been driven by the performance of the Deflector and Mount Monger operations. Operations delivered a FY23 sales amount of 260,370 ounces. This is 3% higher year on year for Silver Lake.

There was an impact to the company from forest fires in northern Ontario which impacted the June production result at the Sugar Zone operation. Yet, the company were able to deliver for the year.

Silver Lake are also debt free and with cash and bullion at $331 million up $63 million from March 31 2023. According to the announcement this morning “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”