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 after a strong 4th quarter saw costs “decrease to the lowest level for the year.” The solid result came despite the impact of the Canadian forest fires which weighed on their Sugar Zone asset which was in part to blame for the recent share price underperformance vs peers. The company has no debt, and added $63m to its cash & bullion balance in the 4th quarter, growing to $331m.
- Silver Lake (SLR) is on the radar for the Emerging Companies Portfolio
MM is bullish SLR
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