Will Silver Lake Resources’ (ASX: SLR) proposed merger with Red 5 bring in diversification?

Tue 05 Mar 24, 08:13 AM | Team Kalkine

Image source: © Utah778 | Megapixl.com

Highlights

Australia based Silver Lake Resources Limited (ASX: SLR) is an intermediate gold production group. The company generates cash flow from its operating assets located in Western Australia and Northern Ontario, Canada.

In the first half of the financial year 2024 (1HFY24), the company reported gold sales of 124,771 ounces, up by 7.8% over the previous corresponding period. During the reported period, EBITDA grew by 124.4% to AUD 164 million, and revenue increased by 28% YoY to AUD 374.4 million. The revenue growth was supported by nearly 8% increase in sales and 19% jump in average gold price on a YoY basis.

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