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Company News
Market wrap: Wall Street record nudges local market higher
An amazing record on Wall Street as the S&P 500 index briefly crested 5000 points for the first time encouraged a third straight day of gains on Australia. The benchmark index for the US market briefly touched a record high of 5000.4 points but was unable to hold that peak and closed with a still […]
Red 5 and Silver Lake Resources announce $2.2b merger to create gold powerhouse
Red 5 (ASX: RED) and Silver Lake Resources (ASX: SLR) have agreed to a $2.2 billion merger, creating a 445,000-ounce per annum mid-tier gold company. The companies have entered into a binding scheme implementation deed, under which the merger will take place via a Silver Lake scheme of arrangement. Under the terms of the transaction, […]
Consolidation does not always lead to a gold mine
Consolidation is the name of the game underway in Australian gold mining today, and while it can be a stockbroker’s picnic it can also create more losers than winners. The current focus of speculation about a rush of gold sector merger and acquisition (M&A) activity is the historic Western Australian mining centre of Leonora – […]
Red 5’s early mover advantage as other miners wilt in WA’s hothouse economy
Cost inflation inside the isolated and overheated Western Australian economy is forcing mine developers to reassess projects as profits wilt, but there is an interesting example of a miner which dodged the costs bullet – Red 5 (ASX: RED). The secret to the oddly named company’s success is largely one of timing. It started the […]
Gold’s divided market, sliding majors and rising juniors
Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high, but it’s a different story at the small end of the game where exploration success is the key to share price movement. The difference between producers and explorers […]
Red 5’s King of the Hills progressing to plan, updated gold mineral resource imminent
Red 5 (ASX: RED) is anticipating an update later this month to the existing 3.1 million ounce gold resource at its King of the Hills project in Western Australia. The final feasibility study for the proposed stand-alone integrated bulk open pit and underground mining and processing operation remains on schedule for completion in the September […]
Encouraging assay results bode well for bulk mining potential at Red 5’s King of the Hills mine
Western Australian gold miner Red 5 (ASX: RED) has released positive assay results from a major drill program designed to advance the bulk mining opportunity at its King of the Hills (KOTH) gold operation. The 30,000m drill program, undertaken along the Eastern Margin Contact Zone of the mine, returned wide zones of gold mineralisation, including […]
Red 5’s updated resource estimate at King of the Hills gold project underpins bulk mining options
Australian gold producer Red 5 (ASX: RED) has announced a bulk mining mineral resource estimate for the newly-identified Eastern Margin Contact zone at its King of the Hills gold mine in Western Australia’s eastern goldfields region. The indicated and inferred resource is an update on historical records and comprises 28.7 million tonnes grading 2.0 grams […]
Red 5 delivers exceptional gold results from Eastern Goldfields in WA
Gold exploration is proving to be rather bountiful for Red 5 (ASX: RED) as the gold explorer reported encouraging gold hits from its ongoing drilling activities in Western Australia earlier today. Red5 is continuing its systematic near-mine and regional exploration program at its Eastern Goldfields tenements, with latest results indicating strong potential for near-term resource […]