Silver Lake profits from higher gold price

Gold miner Silver Lake Resources has reported a profit of A$198 000 for the half-year ended December, compared with a loss after tax of A$14.7-million in the corresponding 2014 period, on the back of higher gold production and higher realised gold prices. Revenue for the same period increased by 25%, from the A$84-million reported at the end of 2014, to A$104.9-million, as gold sales increased by 23% to 67 540 oz.