Mineral Mining Services said it has been awarded a second contract with Red 5 (formerly Silver Lake Resources) at its Mount Monger operations in Western Australia. Over the 12-month contract, MMS will deliver load and haul services for the French Kiss open-pit project; deploying a 100-tonne fleet including a near-new Hitachi EX1200 excavator. “This contract solidifies the partnership between MMS…
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Western Australia-based miners Red 5 and Silver Lake Resources have entered into a merger of equals, creating a diversified gold producer with a significant ore reserve and mineral resource inventory of 4 million ounces and 12.4 million oz., respectively. Under the terms of the transaction, Red 5 will acquire 100% of the shares in Silver Lake and each Silver Lake…
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Gold miner St Barbara said it will not engage further with Silver Lake Resources regarding a A$707 million bid for its Leonora assets in Western Australia citing a lack of synergies and cash offering. Instead, it will continue to back a A$600 million proposal for the same assets from Genesis Minerals. Full story.
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