One company has stuck out like a sore thumb as the Australian share market ended flat on Monday.
The ASX200 closed up just 6.80 points or 0.09 per cent to 7410.40 with most sectors gaining moderately.
Not everyone was enjoying the calm conditions, with materials company Silver Lake Resources sharply falling by 20.18 per cent to just $0.89.
The tumble came after the miner reported it expected less gold to be produced and sold next financial year.
The company produced 81,616 ounces of gold and 642 tonnes copper in the June quarter to bring FY23 production to 261,604 ounces of gold and 1483 tonnes of copper.
It achieved a sales guidance of 260,372 ounces at an average sales price of $2697 per ounce and all-in sustaining cost of $1941 per ounce
Gold sales for the company are expected to dip to be in the range of 210,000 to 230,000 next year.
Silver Lake by far outstripped the other losers on today’s share market, with IGO falling by 4.63 per cent to $13.80 followed by Megaport limited with a 3.77 per cent drop to $10.20 a share.
Despite the tanking of one miner, the materials sector managed to be one of the seven ending in the green on Monday, scraping by with 0.10 per cent growth.
The sector also took out the top two spots of the day, with Alumina growing 2.88 per cent to $1.43 and Lynas Rare Earth getting a 2.59 per cent boost to $6.73.
The other big miners saw positive results with BHP up 0.46 per cent to $46.01 and Rio Tinto up 0.39 per cent to $117.07 while Fortescue finished flat at 21.68.
The same could not be said for the consumer staples sector which fell 0.75 per cent, utilities which fell by 0.47 per cent and IT which fell by 0.32 per cent.
The banks were mostly on the up on Monday with only ANZ down by 0.04 per cent to $25.75.
Westpac saw the biggest boost of 0.27 per cent to $22.34 followed by NAB up 0.14 per cent to $28.42 and CBA up 0.20 to $105.71.
The major supermarkets also took a tumble with Woolworths down 1.30 per cent to $38.62 and Coles down 0.93 to $18.19.