Gold mining rock star Raleigh Finlayson has consolidated his grip over Western Australia’s Leonora district by inking a $250 million buyout of a China-backed mine.
The all-cash takeover of Focus Minerals’ Laverton Gold Project is Genesis Minerals boss Finlayson’s latest deal in the region, as the precious metal’s record price spurs takeovers across the sector.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
