Gold producer Silver Lake Resources Limited (ASX:SLR)
says it’s on track for full year production guidance and highlighted strong sales in the September quarter.
Gold sales for the three months totalled 31,469 oz at an average price of $1,472 oz for revenue of $46.3 million.
Production has commenced at Wombola Dam with close to 20,00 tonnes of ore mined already.
A December settlement is expected for the $5.5 million Lakewood Mill sale and the acquisition of Newcrest’s 15 per cent in Mount Monger takes Silver Lake’s ownership of the project to 100 per cent.
Guidance for FY2015 gold sales remains unchanged at 125,000 to 135,000 oz of gold.
Silver Lake Resources reported a net loss of $170.4 million for the 2014 financial year.