Inside the tussle for St Barbara’s Gwalia mine
St Barbara remains committed to a deal with Genesis, but all eyes will turn to the June 20 shareholder meeting.
St Barbara’s Gwalia gold mine remains at the centre of a figurative tug-of-war between Genesis Minerals and Silver Lake Resources.
Genesis Minerals, led by gold magnate Raleigh Finlayson, inked a $628 million deal for St Barbara’s Gwalia mine in April, before Silver Lake offered to buy the assets for more than $700 million shortly after. St Barbara’s top brass remained committed to Genesis’ bid, much to the chagrin of Silver Lake, which would like to conduct due diligence.
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