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This stock no longer trades (delisted June 7, 2024)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Silver Lake Resources Limited logo

Silver Lake Resources Limited

SLR.AX
58
Gold · Basic Materials
Exchange
Australian Securities Exchange
Winston Score
58
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Aug 23, 2026 · filings through Dec 31, 2023
How the score breaks down
Quality
Mixed
Growth
Good
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Good

Winston Score History

The full picture

Silver Lake Resources is an Australian gold mining company. It digs gold out of the ground at several mines in Western Australia and sells that gold to refiners and bullion banks. The company owns and operates the Sugar Zone mine in Canada as well, giving it assets across two continents.

Silver Lake makes money by selling gold at market prices, so its profits rise and fall with the gold price. The company is mid-sized by Australian standards, with a market cap around $1.5 billion, and it competes in a crowded sector where scale and low production costs matter most. Its relatively thin gross margin of around 10% suggests its mines are not among the lowest-cost operations in the industry, which is a key risk — if gold prices fall or costs rise, profitability can shrink quickly. The main growth driver is expanding production at existing assets and finding new ore reserves to extend mine life.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+30.6% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+37.9% YoY

YoY Growth Rate

Strong earnings growth

Insider Activity

2.4%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$341M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Silver Lake Resources Limited grew revenue 31% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
17.2%
Thin — 17.2% gross margin
Profit after running costs
Operating Margin
14.2%
Healthy — 14.2% operating margin
Return on the money invested
ROCE
10.1%
Below par — 10.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+29.3%
Fast-growing sales (+29.3% YoY)
Profit growth
EPS YoY
+418.8%
Earnings growing fast (+418.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
355%
Turns 355% of profit into real cash
Spare cash per sale
FCF Margin
21.3%
Converts sales into free cash efficiently (21.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

What it owes vs what it owns
Debt / Equity
0.03
Conservative — low debt load (0.03)
Covers its interest
Interest Cover
17.07x
Comfortably covers interest (17.1x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
47.1x
no trend
Expensive — P/E 47.1

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+14.7
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (47.1 → 32.4)

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Dividends

Not applicable for this business.
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