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Silver Lake Resources (SLR)

ASX.SLR $1.44

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SLR $1.44

20 MINUTE DELAYED

TODAY

-0.69 %

1 YEAR RETURN

0.00%

VOLUME

370,572

DIV YIELD

PE RATIO

14.15

52 WEEK RANGE

0.81

1.46

ANALYSIS
OPINION
ACTION

ANALYSIS

Overview

SHARE PRICE ACTIVITY
Last (Price)	1.44
Change	-0.01 (-0.69)
Bid / Ask	1.44 - 1.44
Volume	370,572
Turnover	530,235
Open	1.43
Day Range	1.42 - 1.44
VWAP	1.43
Prev Close	1.45
Last Trade	19/04 11:05am (AEST)

KEY INFORMATION
Sector	Basic Materials
Shares Issued	913,614,297
NTA/Share	0.00
Last Dividend	0.00
Dividend Ex Date	0
Dividend Pay Date	15 OCT 2008

CURRENT ()
Revenue	719.63
EBITDA	248.40
Profit	30.19
Earnings Per Share (EPS)	0
Dividend Per Share (DPS)	0
Yield %	0.00
Market Cap	0
Price to Earnings Ratio (P/E)	14.15

TARGET PRICE FORECAST

ESTIMATES ()
Revenue	717.05
EBITDA	307.46
Profit	82.60
Earnings Per Share (EPS)	0.08
Dividend Per Share (DPS)	0.00

BROKER CONSENSUS RECOMMENDATION

BUY

SELL

Target Price

0.00

Lt Growth Rate

0.00

Recommendation (BUY)

2.00

OPINION

09/04/2024 09:17

Silver Lake Resources (SLR) $1.32

SLR rallied another 3.5% on Monday as the WA gold miner continues to regain some of the lost ground since COVID. The stock hit a 12-month high on strong 3Q gold sales, reporting that both Sugar Zone and Mt Monger are on track to hit the top end of guidance in FY24 – a welcome surprise for the sector. Like a number of our preferred miners in 2024, SLR has an attractive mix of copper and gold, having YTD FY24 sales of 187,244 oz of gold and 872 tonnes of copper.

21/02/2024 17:26

Silver Lake (SLR) $1.01

SLR -0.49%: the gold miner announced 1H results today, though this period was largely overshadowed by plans to merge with Red 5 (RED) in a deal announced earlier this month. Revenue was a slight beat for the half, however, EBITDA of $157.2m was ~10% below expectations on higher corporate & exploration costs. Corporate costs were driven by two pieces of M&A activity in the failed bid for Gwalia and the new deal with Red 5.

05/02/2024 16:37

Silver Lake Resources (SLR) $1.12

SLR -11.46%: the gold miner’s board has today agreed to a merger with Red 5 (RED) in a deal to create a ~450koz/year mid-tier Aussie gold producer. Strangely, the Silver Lake board has agreed to a deal at a deep discount to Friday’s close price, at 3.434 RED shares for each SLR, equating to ~$1.13/sh or a ~10% discount.

30/01/2024 16:45

Silver Lake Resources (SLR) $1.205

SLR +1.26%: shares in the gold company edged higher today following their December quarter update. There were few surprises given the company gave a brief update just a few weeks ago, with 56.6kox of gold and 236t of copper produced in the period.

20/11/2023 09:17

Trade Alerts – Emerging Companies Portfolio

We are making multiple amendments to the Emerging Companies Portfolio

18/09/2023 16:53

Silver Lake Resources (SLR) 88c

SLR -8.33%: the gold miner gave up early gains after disclosing it was the buyer of an $84m position in Red 5 (RED) this morning. The 11% stake traded at 26c, an 18% premium to Friday’s close. Silver Lake said the purchase was strategic, getting them a seat at the table of the junior gold miner and leaving the door open for a potential takeover.

29/08/2023 09:18

Silver Lake Resources Ltd (SLR) 91c

Gold miner SLR was hammered ~20% at the end of July after disappointing investors with its quarterly update which unfortunately puts Mondays +4% rally into perspective. Again, last month it was the miners FY24 guidance that was the catalyst for the sharp drop with SLR flagging a slowdown compared to FY23 numbers however we see good upside in the miner after its rerating from above $2 in 2022.

05/07/2023 10:02

Emerging Companies Portfolio – Amendments

Amending the gold exposure in the Emerging Companies Portfolio.

04/07/2023 16:51

Silver Lake Resources (SLR) $1.10

SLR +5.77%: the best-performing gold stock today, Silver Lake confirmed they will hit FY23 sales numbers thanks to a record 4th quarter. The company will deliver sales of 260koz in the 12 months, up 3% from FY22 while costs are expected within the guidance range.

30/06/2022 09:44

Silver Lake Resources (SLR) $1.24

SLR again looks very similar to its peers after tumbling 45% from its 2022 high, I’m afraid the story remains the same i.e. We will need a trigger or catalyst before MM can see ourselves considering SBM.

ACTION

SLR

UPDATED 09/04/2024 09:51

MM remains long and bullish toward SLR

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SLR

UPDATED 27/02/2024 11:18

MM is bullish SLR

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SLR

UPDATED 05/02/2024 16:31

MM remains long and bullish SLR over the medium term

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SLR

UPDATED 31/01/2024 09:16

MM remains long and bullish SLR

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SLR

UPDATED 22/11/2023 09:10

MM is adding to SLR in the Emerging Companies Portfolio, targeting a 6% portfolio weighting around $1.05

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SLR

UPDATED 19/09/2023 08:17

MM remains long and bullish SLR

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SLR

UPDATED 29/08/2023 10:33

MM is neutral/bullish toward SLR

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SLR

UPDATED 31/07/2023 16:30

MM is bullish SLR, viewing this sell off as overdone

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SLR

UPDATED 06/07/2023 08:41

MM is bullish SLR

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SLR

UPDATED 06/07/2023 08:20

MM is buying SLR in the Emerging Companies Portfolio, allocating 4% around $1.10

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Business Summary

Silver Lake Resources Limited is an Australia-based company, which is engaged in the exploration, mine development, mine operations and the sale of gold and gold/copper concentrate in Australia. The Company is engaged in Mount Monger operation and Deflector operation. The Mount Monger goldfield is located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province. The Mount Monger goldfield is located approximately 50 kilometers (km) southeast of Kalgoorlie and is accessible via the Mount Monger Road, which is bitumen for 15km then an all-weather road for the remaining 35km. The Deflector Gold Copper Project is located in the southern Murchison region of Western Australia, 450km north of Perth and 160km east of the Western Australian regional city of Geraldton. The Company, through Harte Gold Corp, owns an interest in the Sugar Zone mine, which is located in Northern Ontario, approximately 30km north of White River or midway between Thunder Bay and Sault St. Marie.

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Silver Lake Resources (SLR)

ASX.SLR $1.44

14 DAYS FREE ACCESS

SLR $1.44

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Really bullish, there's more to go in the reflation rally

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