August 2024
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.
July 2024
Labyrinth Resources buys Vivien mine, launches equity raising
Vivien was one of the most profitable mines when it was in Ramelius Resources’ stable.
February 2024
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.
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.
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.
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.
Westgold appears to wave white flag in Musgrave takeover battle
Westgold resists temptation to increase its takeover offer for Musgrave Minerals in response to a rival bid from Ramelius Resources.
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.
St Barbara shareholders hand Gwalia gold mine to Genesis
The majority of shareholders voting in favour of the sale concludes a messy auction process.
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.
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.
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.
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.
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.
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.
Silver Lake tops Genesis Minerals’ offer for St Barbara’s Gwalia
But with much of the bid tied to its share price, investors are unsure whether it represents a significantly better offer than the one backed by the board.
St Barbara still not charmed by Silver Lake’s $722m bid
Sources said Silver Lake’s late Friday proposal had failed to address St Barbara board’s concerns around uncertainties in the interloper’s bid.
St Barbara shareholder wants fair crack for Silver Lake
L1 Capital owns more than 9 per cent of St Barbara, and wants directors of the gold miner to engage with an offer they have acknowledged is at a premium.
Genesis sweetens its bid for St Barbara’s Gwalia mine
The increased offer comes as the gold producer rejects a competing proposal for the same asset from Silver Lake Resources.
Silver Lake throws new curveball at St Barbara directors
Just when St Barbara directors thought they were close to striking a deal with Genesis Minerals, rival bidder Silver Lake has given them more work to do.