Silver Lake Resources

Silver Lake’s half year results were spectacular. Gold production rose 37% to 38,500 ounces and, combined with higher gold prices, helped revenue rocket 66% higher to $67.6m. Net profit after tax rose 185% to $17.1m, translating to earnings per share of 9.4 cents. Net operating cashflow jumped 130% to $33.5m and, despite spending $20m a year on exploration, the company’s cash pile sits at $93m. A special dividend is possible at some point. Table 1: Silver Lake's half-year results Half-year ending 31 December 2011 2010 Change (%) Revenue ($m) 67.6 40.7 66 NPAT ($m) 17.1 6.0 185 EPS (cents) 9.4 3.3...

Silver Lake’s half year results were spectacular. Gold production rose 37% to 38,500 ounces and, combined with higher gold prices, helped revenue rocket 66% higher to $67.6m. Net profit after tax rose 185% to $17.1m, translating to earnings per share of 9.4 cents. Net operating cashflow jumped 130% to $33.5m and, despite spending $20m a year on exploration, the company’s cash pile sits at $93m. A special dividend is possible at some point.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles