SLR
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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, […]
Genesis bags St Barbara operations while fund managers plunge into Australian gold stocks
The battle for control of the $600 million worth of Leonora gold assets struggling miner St Barbara (ASX: SBM) seems to be over with Genesis Minerals (ASX: GMD) upping its offer and the other contender, Silver Lake Resources (ASX: SLR) having the door slammed in its face. This development followed just hours after the largest […]
Silver Lake’s gold resource at Deflector up 54%, discovery cost $14/oz
Silver Lake Resources (ASX: SLR) has reported more mineral resource and ore reserve growth at its Deflector gold-copper mine in Western Australia. The mineral resource now stands at 1.27 million ounces. That is a 54% rise, while the resource average grade has increased by 18% to 13.5 grams per tonne gold. Ore reserves are 30% […]
Black Cat Syndicate snaps up two gold projects from Silver Lake Resources
Black Cat Syndicate (ASX: BC8) emerged from a trading halt today with news it was expanding its portfolio with the acquisition of two gold projects from Silver Lake Resources (ASX: SLR). Under the deal, Black Cat will acquire the Fingals gold project, which is 30km south-east of its existing flagship Bulong gold asset. Black Cat […]
EganStreet Resources and Lion Selection Group welcome Silver Lake’s takeover bid
As merger and acquisition activity heats up in the gold space, Silver Lake Resources (ASX: SLR) is the latest gold miner to make a bid, revealing this morning it had made a $52 million takeover play for EganStreet Resources (ASX: EGA). EganStreet and its largest shareholder Lion Selection Group (ASX: LSX) have welcomed the offer […]
Silver Lake Resources drill results indicate new gold discovery at Aldiss
Silver Lake Resources (ASX: SLR) has announced “spectacular” gold intersections from a recent drilling campaign that points to a new gold discovery at the Aldiss Mining Centre in Western Australia’s eastern goldfields. According to the gold producer, drilling results from the Tank South deposit included the widest, high-grade intersections the company has ever reported from […]
‘Outstanding’ gold production drives Silver Lake’s A$20m cash flow boost
Silver Lake Resources (ASX: SLR) achieved “outstanding” gold production from its Mount Monger operations in Western Australia during the March quarter, which resulted in a A$20.6 million boost to cash flow for the period. The A$20.6 million increase to cash flow, compared to the previous quarter, was despite a A$8 million investment in exploration and […]