Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready' to progress due diligence and move to a binding offer.
Silver Lake Resources has reaffirmed its disappointment in St Barbara's alleged lack of engagement on a competing proposal, despite the target shutting down any hopes of a merger last week.
St Barbara has backed in its call to accept a $640 million offer from Genesis Minerals despite Silver Lake Resources claiming the target declined to engage on a competing proposal.
St Barbara boss Dan Lougher says the goldminer's Leonora operations had another disappointing quarter as Genesis Minerals gears up to acquire the operation.
Genesis Minerals shares have risen sharply on the back of a revised deal to acquire St Barbara's Leonora assets without taking on the miner's Canadian and Papua New Guinea operations.
Genesis Minerals is understood to have locked in a new deal to buy St Barbara's Leonora assets for $600 million while removing risks tied to its earlier merger plan.
Shares in St Barbara and Genesis Minerals will remain in a trading halt until after the weekend as the companies negotiate new terms for their planned deal.
Genesis Minerals has been forced to resume negotiations with St Barbara as the asset at the heart of their planned merger battles a litany of costs and production problems.
Leonora centrepiece St Barbara has copped a big loss ahead of its merger with Genesis Minerals, as new miner Red 5 pushes its case as a “logical” processing hub for players in the prominent gold province.
An analyst who previously worked at KPMG and Wyloo Metals has been charged with insider trading offences over shares in ASX-listed mining explorer Genesis Minerals.
Mark Pownall and Mark Beyer discuss Mark McGowan's cabinet reshuffle, Clough, gas shortages, Genesis Minerals and St Barbara, CBH Group, the year in markets, HealthEngine, Artrya and the SKA.
Shares in St Barbara and Genesis Minerals have both risen strongly today in a rare example of both parties to a takeover deal gaining from the transaction.
Genesis Minerals boss Raleigh Finlayson has locked in another part of his ambition to consolidate the Leonora region after striking a deal to buy neighbouring gold company St Barbara.
Red 5 is chasing $60 million from institutional investors to cover ramp-up costs for its new King of the Hills operation as consolidation talks with fellow Leonora miner St Barbara continue.
Our board moves wrap includes Peter Newcomb, Clint Moxham, Daniel Murnane, Susan Jones, Eduard Eshuys, Mick Wilkes, Craig McGown, Tony Kiernan, Morgan Ball, Lee Stephens, Tommy McKeith, Nev Power, Dale Richards, and Mark Bennett.
Genesis Minerals has secured full control of friendly takeover target Dacian Gold, triggering Nev Power's retirement from the board and the appointment of prominent director Tony Kiernan.
Metal Hawk and farm-in partner Falcon Metals are set to follow up historical results at the duo's Viking gold project in WA's highly prospective Albany Fraser Province with a 1600m RC drilling campaign in coming weeks. Falcon listed on the ASX last December and is the spin-off of heavyweight mineral explorer Chalice Mining's gold interests with an earn-in stake in the Viking project that is located 30km southeast of Norseman.
Keen to leave a rocky FY22 behind, St Barbara is leveraging its Leonora gold assets as central to any consolidation play in the region, as negotiations with Genesis Minerals continue.
Genesis boss Raleigh Finlayson could not be drawn to furnish details on a deal with St Barbara, but conceded the Leonora region was more open to consolidation than it once was.
Genesis Minerals is set to acquire WA gold miner Dacian Gold in a scrip deal valuing the target at $111 million, with non-executive director Nev Power to resign should the purchase go ahead.
Discussions regarding a potential deal between Genesis Minerals and St Barbara are back on the table, though fellow gold play Dacian Gold is also reportedly in the Raleigh Finalyson-led company's sights.
Genesis Minerals has joined Strike Energy and APM Human Services International in announcing that convicted border cheat Nev Power will continue on its board of directors.
Raleigh Finlayson-led Genesis Minerals has addressed media speculation regarding potential merger and acquisition activity with fellow ASX-listed gold play St Barbara.
Northern Star Resources' chief development officer and general manager will exit the business to take top jobs with Bellevue Gold, adding to a string of departures since merging with Saracen Minerals.
Prominent businessman Nev Power won't have to face court over his alleged breaches of the state's COVID-19 travel restrictions for another month after being granted an adjournment.
Perth Airport has revealed its chairman, Nev Power, has taken a leave of absence from its board while he deals with charges related to breaching COVID travel restrictions.
Our board moves wrap includes Nev Power, Michael Bowen, Nicholas Earner, Craig Bradshaw, Raleigh Finlayson, Michael Fowler, Graeme Smith, and Tracy Caudwell.
Raleigh Finlayson is set to lead Genesis Minerals after agreeing to invest $7 million in the local gold explorer, as part of a broader raising backed by Nev Power and Michael Bowen.
Genesis Minerals has bolstered its Ulysses gold project with the acquisition of the nearby Kookynie project for $13.5 million, enhancing its prospects of joining the ranks of mid-tier gold producers.
Our daily board moves wrap includes Grant Anderson, Andrew Bloore, Nicholas Earner, Benjamin Jarvis, Sam Jarvis, Lynne Saint, Mark Ashley, Charles Thomas, Peter Newton, Simon Heggen, Brett Lambert, Patrick O'Connor, Anthony Polglase, David Buckingham, and John Mair.
Liontown Resources, Genesis Minerals, Peak Resources, and Marindi Metals have all made capital raising announcements today as they seek to advance exploration projects.
