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Red 5 Limited

August 2024

Gold producers Red 5 and Silver Lake merged in June.

Red5 launches $138m block trade; Euroz Hartleys on ticket

Shares were priced at 0.335¢ a pop – a 5.94 per cent discount to the five-day volume-weighted average price.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

July 2024

The vendors of the Vivian mine. Alex Hewlett and Kelvin Flynn.have a strong track record making money for investors, with one or both being involved in driving value creation at Red Dirt Metals (now Delta Lithium), Spectrum Metals, Mineral Resources, Silver Lake Resources and Wildcat Resources.

Labyrinth Resources buys Vivien mine, launches equity raising

Vivien was one of the most profitable mines when it was in Ramelius Resources’ stable.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

June 2024

Pro Medicus overtook Life360 during trading on Friday to become the best performing ASX stock in the last financial year.

The five best-performing stocks this financial year

A healthcare software developer has narrowly beat a family monitoring app to be the top-performing stock in 12 months.

  • Joshua Peach
The key to dividend investing is in understanding the cyclical and structural risks to a business’s cash flow.

The top 20 stocks by dividend return this year

Insurers, miners and fund managers were the top performers, but experts warn of income traps.

  • Lucy Dean

February 2024

Silver Lake has a history of acquiring mines hamstrung by under-investment

Inside Silver Lake’s play for Red 5

Gresham banker Mark Stevens and RBC’s Paul Crooke conjured a $2.2 billion deal that sets the scene for another tussle between Silver Lake and Genesis Minerals.

  • Aaron Weinman
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Leonora, in Western Australia, has long been a gold mining district. It has also been a prime target for consolidation in the sector.

Red 5’s $2.2b Silver Lake merger puts WA gold consolidation on ice

But the miner says it has an opportunity to entertain other offers if they come. It had been mooted as a target for Raleigh Finlayson’s Genesis Minerals.

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  • Elouise Fowler and Peter Ker

September 2023

Red 5 has a $940 million market capitalisation.

WA gold play Red 5 beefs up defence after Silver Lake buys 11pc

It’s a wise move: Finlayson isn’t likely to let a cashed-up Silver Lake swoop on Red 5 without a fight.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
St Barbara’s Gwalia gold mine is the largest operation in the Leonora region.

Monday raid: Petra buys up big stake in Red 5 for mystery client

While the identity of the buyer is not yet clear, fingers pointed to Raleigh Finlayson’s Genesis Minerals.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

February 2023

Street Talk

Red 5 asks investors for fresh $80m at 23pc discount

Red 5 Ltd has tapped Canaccord Genuity to raise $80 million in fresh equity. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

September 2022

Red 5 wants fresh funds for production ramp up.

WA gold producer Red 5 in $60m share placement

Listed gold play Red 5 Limited was fronting investors with a $60 million single-tranche placement on Thursday morning for work at its King of the Hill project in Western Australia. 

  • Yolanda Redrup, Sarah Thompson, Kanika Sood and Anthony Macdonald

August 2022

St Barbara investors demand board overhaul before M&A

Some investors do not want the directors responsible for a struggling 2019 acquisition representing them in talks with a Kerry Stokes-backed gold play.

  • Peter Ker
Raleigh Finlayson (pictured at the Diggers & Dealers conference on Monday) wants his exploration company Genesis Minerals to consolidate the goldfields around Leonora

Finlayson ‘patient’ as St Barbara rebound raises merger price

Raleigh Finlayson’s plan to consolidate the historic gold mining province around his childhood home in Menzies and Leonora is getting more expensive daily.

  • Peter Ker and Colin Packham

March 2022

Why this gold veteran rejects the ‘fancy new metals’

Gold stocks aren’t fashionable with investors but the gold resources Raleigh Finlayson has found near Leonora will always be popular with hungry mills nearby.

  • Peter Ker

March 2021

Calix Limited was hunting for fresh capital on Wednesday.

Calix drafts in Canaccord for equity top-up

Nothing can stop the busy dealmakers at Canaccord Genuity. 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd
Gold outfit Red 5 is mulling a capital raising.

Red 5 taps Canaccord, Petra for $70m raising

WA gold producer Red 5 loves raising money in March! 

  • Sarah Thompson, Anthony Macdonald and Tim Boyd
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March 2020

WA gold miner Red 5 was out hunting for fresh equity on Thursday.

WA gold miner Red 5 presses go on $125m raising

WA gold producer Red 5 was fronting funds on Thursday in its bid to raise $125 million in fresh equity to fund one of its gold projects.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

January 2020

The Red 5 deal comes hot on the heels of a flurry of gold transactions overseen by stockbroker Canaccord.

Canaccord Genuity seeks buyers for Red 5 shares, Saracen cashes out

Canaccord Genuity was in the market on Thursday, seeking buyers for a $40 million block of shares in WA gold producer Red 5.

  • Sarah Thompson, Anthony Macdonald and Tim Boyd

April 2019

Gold Fields is jettisoning its stake in Red 5.

Gold Fields sells 19.9 per cent stake on Red 5

Gold Fields Limited is seeking to offload a 19.9 per cent stake in WA gold producer Red 5.

  • Sarah Thompson and Anthony Macdonald

February 2018

How the rich invest: David and Vicky Teoh

Billionaires and TPG founders David and Vicky Teoh could be forgiven for keeping an eye on another of their telco investments in the past year.

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  • John Stensholt

September 2016

Miners reel as Philippines threatens to suspend three-quarters of mines

Australian miners were scrambling last night to understand the extent of mine suspensions ordered by the Filipino government

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  • Peter Ker

Original URL: https://www.afr.com/company/red-1ah