News Articles for Mark Williams

Sentinel Metals began life on the ASX in style on Thursday, closing trade up 55 per cent to 31 cents.

Our board moves wrap includes Iveta Sceales, Struan Richards, Harry Miller, Sandra Bates, Alberto Lavandeira, Henk Diederichs, Anthony Italiano, Emma Curnow, Melanie Ross, Cameron Knox, Simon Acomb, Michael Klessens, Harvey Kaplan, Joshua Pitt, Luke Tonkin, Mark Williams, David Coyne, David Berg, Len Eldridge, Mathew Collings, Phillip Stevenson, Byron Dumpleton.

Rising gold producer Red 5 has finalised changes to its board and management team, following its successful merger with Silver Lake Resources earlier this month.

Gold producers Silver Lake Resources and Red 5 Resources have continued to deliver ahead of their likely merger in June, with both mid-tier companies performing strongly throughout the March 2024 quarter.

Revenue at goldminer Red 5 increased by 77 per cent in the first six months to December 31 2023 as the listed company moves closer towards its proposed merger with Silver Lake Resources.

Mid-tier gold producers Silver Lake Resources and Red 5 have announced their intention to merge, with a combined entity to have a market cap of about $2.2 billion.

Simone Grogan and Jack McGinn discuss activity in the mid-tier of WA's gold sector over the past year.

Competition for old and new value gold plays in WA is running hot again.

Mid-tier goldminers Westgold Resources and Red 5 have both hit expected production targets after grappling with labour shortages and cost pressures during the period.

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.

Goldminer Red 5 says it has completed more than half of the construction work required for its $226 million King of the Hills project in WA, where production is on track for mid-next year.

Red 5 has reversed the operating strategy for its Darlot and King of the Hills mines in WA, while fellow goldminer Ramelius Resources also unveiled a new production plan.

Goldminer Red 5 has agreed to sell its assets in the Philippines for $US19 million, in a bid to further focus on developing its King of the Hills project in WA.

Favourable market conditions have led to a suite of new gold producers and projects.

Red 5 has downgraded its full-year production guidance for the Darlot goldmine in WA, citing lower-than-expected output due to labour shortages.

Red 5 says its King of the Hills project in WA is now fully funded, after the goldminer secured $235 million in debt and equity financing.

Goldminer Red 5 has named Macmahon Holdings as the preferred mining contractor for its King of the Hills project near Leonora.

Ardea Resources has signed a farm-in deal with goldminer Red 5, which will spend up to $2.3 million to explore two projects in Western Australia.

MACA has locked in $129 million in work at Red 5's King of the Hills project, ahead of a planned operational start in mid-2022.

Red 5 will begin open pit production at its Great Western satellite deposit early next year, as the company ramps down operations at its King of the Hills goldmine.

Red 5 has completed a final feasibility study for its King of the Hills (KOTH) goldmine, identifying a production restart from 2022.

Shares in Red 5 tumbled by 34 per cent today after the goldminer cut its production guidance for the current year and revised its future development plans.

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Goldminer Red 5 is raising $125 million from a two-tranche share placement to fund the final feasibility study for its King of the Hills gold mine in Western Australia.

Three Western Australian gold miners have outlined their growth plans, with Saracen Mineral Holdings announcing a 20 per cent increase in reserves, Northern Star Resources unveiling a $60 million exploration budget, and Red 5 targeting annual production of more than 100,000 ounces.

Gold miner Silver Lake Resources has posted above-guidance sales for the year to June, while Red 5 says it is on track to meet its production forecast for the 2018 calendar year.

Red 5 has struck agreements to buy Gold Fields' Darlot mine and Saracen Mineral Holdings' King of the Hills mine for a combined $34 million in cash and shares.

Gold miner Red 5 will be forced to put its Siana operations on temporary standby by the end of the month after running into regulatory delays for construction of new infrastructure.

Perth-based gold stocks Blackham Resources and Red 5 are a step closer to commencing major new developments after completing feasibility studies and receiving final approvals.

Local gold miner Red 5 says an earthquake registering 6.1 off the coast of Surigao del Norte was a possible contributing factor to the collapse of a wall into the open pit of its Siana project in the Philippines last week.

Philippines-focused gold miner Red 5 has promoted non-executive director Mark Williams to managing director, following the resignation of Steve Norregaard from the role.

West Perth-based gold miner Red 5 has cleared a key regulatory hurdle on the way to resuming production at its mothballed Siana gold mine in the Philippines.