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Silver Lake reinvests profit into exploration

WESTERN Australian gold producer Silver Lake Resources is looking to reinvest its $A15.79 million profit after tax for 2010-11 into exploration in an effort to grow its resource inventory to 5 million ounces by June next year.

MiningNews.Net
Silver Lake reinvests profit into exploration

The company’s profit result was higher than the $11.78 million recorded in 2009-10 but not enough to sway its directors to declare a dividend for shareholders. Instead, the directors opted to put the...

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