ASX Announcements
This Month
ASX extends rebound ahead of Christmas
The sharemarket added 19.3 points in a shortened trading session, buoyed by a rally on Wall Street and hopes of a rate cut in early 2025.
- Updated
- Alex Gluyas
Gold miner St Barbara hit with $210m PNG tax demand
The company’s ASX-listed shares fell 36 per cent after subsidiary Simberi Gold was handed a taxation bill that could endanger its viability.
- Mark Wembridge
August
The directors under 50 making their mark on top ASX boards
BOSS talks to five directors under the age of 50 about their careers and the experience they bring to the boards on which they serve.
- Sally Patten
St Barbara sells down stake in $452m gold miner Catalyst Metals
Street Talk understands St Barbara was the seller behind 12.69 million Catalyst shares crossed before Friday’s market open by stockbroker Petra Capital.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May
- Analysis
- Mergers & acquisitions
BHP’s siren song to Anglo shareholders is operational excellence
A claim to be the mining sector’s “best operator” is a big part of BHP’s pitch to Anglo American shareholders, as it promises to get more blood out of the same stones.
- Peter Ker
September 2023
Silver Lake snaps up Red 5 stake as gold miners position for mergers
The raid on 11 per cent of the smaller West Australian operation is a signal to Genesis Minerals that it won’t consolidate the Leonora district without a fight.
- Peter Ker
Macquarie bullish on gold as central banks lift buying
The investment bank is tipping the precious metal to reach $US2100 an ounce as China leads central bank buying of the safe-haven asset.
- Tom Richardson
August 2023
Gold mining boss says sector lost its way, more M&A coming
Genesis Minerals managing director Raleigh Finlayson expects a round of consolidation in the gold sector to intensify.
- Brad Thompson
July 2023
Gold miner Perseus’ $771m cash dilemma
Rising gold prices, strong productivity and civil war in Sudan have left gold miner Perseus with a unique dilemma; how to spend a massive $771 million war chest.
- Peter Ker
Gold miner St Barbara’s balance sheet brightens
St Barbara achieved 260,368 ounces of gold over the 2023 financial year, against the 265,000 ounces that marked the upper end of its guidance.
- Vesna Poljak
June 2023
St Barbara cleans out top brass following Gwalia mine sale
Andrew Strelein will replace the current chief executive officer on Saturday, and a new chief financial officer, Sara Prendergast, will commence on September 1.
- Elouise Fowler
St Barbara shareholders hand Gwalia gold mine to Genesis
The majority of shareholders voting in favour of the sale concludes a messy auction process.
- Elouise Fowler and Tom Rabe
ASX closes higher, led by rally in lithium, iron ore miners
Local shares rose 0.5 per cent on Friday. Commodity stocks led the advance but losses in Adairs and Bubs limited gains. Shares eased 0.1 per cent on the week.
- Cecile Lefort
St Barbara ‘clarifies’ chairman’s emails, rejects Silver Lake again
The Australian gold miner has again rebuffed attempts to buy the Gwalia mine in favour of selling to Genesis Minerals at a lower price.
- Peter Ker
- Analysis
- Inside the deal
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.
- Aaron Weinman
St Barbara assessed Gwalia interest, Silver Lake too late to the party
The statement on Thursday is expected to rebuff Silver Lake’s assertion that competitive interest in the assets was not tested.
- Sarah Thompson, Kanika Sood and Emma Rapaport
May 2023
Silver Lake tells St Barbara shareholders to vote against Genesis deal
St Barbara shareholders will vote on a sale of the Gwalia mine to Genesis in three weeks time, and a rival bidder has started offering voting advice.
- Peter Ker
Another St Barbara investor wants a competitive auction
A third big investor in St Barbara has called on the miner’s board to entertain rival bids rather than continue with the sale to Genesis Minerals.
- Peter Ker
- Exclusive
- Mergers & acquisitions
Gold miner had no time for ‘tyre-kickers’
Leaked email correspondence between the chairmen of gold miners St Barbara and Silver Lake shows attempts to discuss a deal in September were brushed off.
- Peter Ker
St Barbara rejects lucrative Silver Lake offer
The miner’s tilt was deemed “unacceptably conditional” and would leave St Barbara too exposed, the company said.
- Elouise Fowler