These three ASX mining shares underperformed on Thursday amid disappointing financial results.
As earnings season continues, the S&P/ASX All Ordinaries Index (ASX: XAO) finished the day up 0.45%.
Let's review the results from this trio of gold producers.
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3 ASX mining shares digging a hole today
St Barbara Ltd (ASX: SBM)
St Barbara shares took a 4.88% hit to finish the session at 20 cents per share after the gold miner released its full-year FY23 report. The company reported revenue of $697 million, up from $680 million in FY22. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at $114 million, down from $197 million in FY22. The statutory loss after tax was $429 million, up significantly from a loss of $161 million in FY22. The realised gold price increased, but production and sales were lower than in FY22.
Regis Resources Ltd (ASX: RRL)
Fellow ASX gold mining share Regis Resources tumbled 0.97% today to close at $1.53 per share. In its full-year FY23 results, Regis reported record gold sales of $1,134 million, up 12% on FY22, with an average realised price of $2,471 per ounce. Underlying EBITDA came in at $402 million, down from $410 million in FY22. The statutory loss after tax was $24 million.
Silver Lake Resources Ltd (ASX: SLR)
Silver Lake shares finished flat on Thursday at 87 cents per share after the gold miner released its full-year FY23 results. The company reported a statutory profit after tax of $30,836 million, down from $77,681 million in FY22. The normalised profit before tax was $58,080 million, down from $95,444 million in FY22. The size of gold sales by weight increased by 3%, while copper sales increased by 46%.
