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…
Read MoreTag: Silver Lake Resources
St Barbara rejects latest Silver Lake bid, backs Genesis offer
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.
Read More