<WIRE> Australia's Silver Lake slumps as it idles Canada project

Monday, 31 July 2023

Gold-copper miner Silver Lake Resources (ASX:SLR) slumps 24.2% to A$0.845, hitting lowest level since October 2019.

The company says it will pivot its Sugar Zone project in Canada to an investment in drilling data in FY24.

Mining and processing activities at Sugar Zone will be ‘idled’ in FY24.

FY24 Australian ops sales guidance is between 210 and 230 thousand ounces, compared with 221.7 koz in FY23 from Mount Monger and Deflector ops.

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