ST BARBARA ORD
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 […]
St Barbara and Bardoc Gold reveal $157m tie-up to unlock value of Leonora assets
Major gold miner St Barbara (ASX: SBM) has made a $157 million bid to acquire Bardoc Gold (ASX: BDC), in a move that both companies say will connect their key assets in Leonora. Bardoc’s board has endorsed the bid which values it at $0.53 per share, and is a 29.9% premium to its last closing […]
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 – […]
Inflation bites resources sector with spiralling costs
Commodities are unquestionably a good place for investors at a time of rising inflation, but the same force driving up the price of minerals and metals can also produce killer cost increases. Dacian Gold (ASX: DCN) is the latest example of inflation rendering its mining operations uneconomic. While still in business as a processor of […]