PRECIOUS METALS

No sugar hit from new mine as Silver Lake patiently builds gold business

SLOW and steady marks the way for Silver Lake Resources as guidance for the new year underway of 260,000-290,000 ounces at all-in sustaining costs of about A$2000/oz compares to about 252,000oz at AISC of $1750/oz in the 12-month period just completed.

Silver Lake in WA

Silver Lake in WA

Production in the year ahead includes 50,000-60,000oz expected from the recently acquired Sugar Zone operation in Ontario, with that output flagged to come at an AISC of $2250-2550/oz and an all-in cost...

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