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Silver Lake Resources Provides Quarterly Activities Report

20 Jan 2020  |  08:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities Report

Silver Lake Resources provided quarterly activities report. It invested $7.6m in exploration during the quarter to advance the high-grade projects within established and proven mineralised corridors proximal to established infrastructure. Its forward gold hedging program totalled 154,532oz, to be delivered over the next 2.5 years at an average forward price of A$1,900/oz. Its cash and bullion increased $31m during the quarter to $186m at 31 December 2019 with no debt. The cash and bullion position at 31 December 2019 excludes gold in circuit and concentrate on hand totalling A$10.3m and listed investments of $4.5m.

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