Tag: ASX:SLR

Silver Lake Resources

Silver Lake Resources is a buy with a stop loss at $0.97

Silver Lake Resources is under Algo Engine sell conditions following the lower high at $2.00 in early January.

WA-based gold and copper miner Silver Lake Resources has maintained financial 2021 sales guidance between 240,000 to 250,000 ounces of gold, with copper sales guidance upgraded to 1600 tonnes from 1100 tonnes.

Silver Lake Resources is under Algo Engin buy conditions and we now add the name to our watch list.

Silver Lake is a gold producer with its cornerstone asset the Mount Monger Gold Camp, located in Kalgoorlie, Western Australia. The Mount Monger Camp produced ~158,000 ounces in FY18 and has a proven history of Reserve replacement and discovery.

The chart below shows SLR finding support at $0.90 and the short-term indicators are turning higher.