PRECIOUS METALS

$94M loss for Silver Lake

IT COULD have been worse: Silver Lake Resources has recorded a $A94 million loss, but this was a substantial improvement on the $170.4 million loss announced last year.

Barry Avery
The Mount Monger Goldfield.

The Mount Monger Goldfield.

The impairment figure, at $87 million, was a big contributor to the loss, while revenue also dropped to $186 million, 40% down on 2014’s figure. Other key financial points were: earnings before interest,...

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