But if you’re keen to check out some more speculative buys in the space, there are two smaller players who are flexing their muscles.
$317 million market cap emerging gold producer Silver Lake Resources Limited(ASX: SLR) is up 0.3% at the time of writing to 63c per share, with a balance sheet boasting zero debt and strong sales.
Silver Lake recently reported a 75% increase in Aldiss Mining Centre ore reserves with the company focused on is Mount Monger project with priority on targets proximal to established infrastructure.
Silver Lake is a cheapie in the gold space for investors who don’t mind a bit more of a speculative buy, but its fundamentals certainly look like a good bet.
SLR Price at posting:
63.5¢ Sentiment: Buy Disclosure: Held