Stocks of the Hour: Lake Resources N.L, Genex Power, St Barbara
A snapshot of the stocks on the move, featuring Lake Resources N.L. (ASX:LKE; OTC:LLKKF), Genex Power Limited (ASX:GNX) and St Barbara (ASX:SBM).
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St Barbara’s assets include the Leonora Operations in Western Australia, the Simberi Operations in Papua New Guinea, and the Atlantic Gold Operations in Nova Scotia, Canada.
As at 30 June 2019 St Barbara had Mineral Resources of approximately 12 million ounces of contained gold including Ore Reserves of 5.9 million ounces of contained gold, as well as an extensive landholding comprising granted tenements and tenement applications in Australia, Papua New Guinea and Canada.
The Leonora Operations include the Gwalia 1.2 Mtpa processing plant and the Gwalia Underground mine, as well as nearby development opportunities. St Barbara’s Gwalia mine was commissioned in October 2008 and is the cornerstone asset for St Barbara with an indicative mine life to FY 2031 and high grade mineralisation below the current reserves.
The Simberi mine is on Simberi Island in Papua New Guinea and started production in February 2008. In 2013-2014 the plant was expanded with installation of a SAG mill increasing production capacity to over 100,000 ounces per annum. The Simberi mine is a significant contributor to PNG’s economy and its community, with significant further exploration potential around the mine.
The Atlantic Gold operation in Nova Scotia, Canada, was acquired by St Barbara in July 2019. The open pit mine commenced commercial production in 2018. With three additional planned pits nearby, the Atlantic Gold operation has an estimated mine life to 2030, with strong exploration potential in the region.
A publicly listed company, St Barbara is listed on the Australian Stock Exchange (ASX:SBM).
A snapshot of the stocks on the move, featuring Lake Resources N.L. (ASX:LKE; OTC:LLKKF), Genex Power Limited (ASX:GNX) and St Barbara (ASX:SBM).
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Just over two months after completing its purchase of the Leonora gold mining assets of St Barbara (ASX:SBM), Genesis Minerals (ASX:GMD) has taken its rebirth story to the US.
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13 Jul 2023 - St Barbara (ASX:SBM) looks like a very attractive cash pile that could be snapped up by any one of a handful of predators in the WA resources sector in the wake of the reshuffle of its Leonora gold mining assets with Genesis Minerals.
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Tesla's record 13-day streak of gains came to an end on Wednesday, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune.
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The Silver Lake-St. Barbara Mines dance continues, with all sorts of shenanigans going on at both ends and no resolution in sight.
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St Barbara shares fell over 3% yesterday after it said ‘no’ for a third time to a buyout proposal for its Leonora gold assets from Silver Lake Resources.
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Silver Lake Resources won’t go away and is adding more pressure on St Barbara to break its wedding banns with Genesis Minerals and sell its Leonora gold mining assets.
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Genesis Minerals has slightly sweetened its bid to buy St Barbara's gold mining assets in the Leonora district of WA’s eastern Goldfields.
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Genesis Minerals is having a second go at keeping its Laverton concentration plans alive by recasting its deal with key target St Barbara into a straight buy of SBM’s gold assets.
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Will it be a case of goodbye Hoover House this morning when Genesis Minerals and its would-be deal partner St Barbara emerge from trading halts that have been in place since April 4?
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Back to the drawing board for the nascent gold miner Hoover House as its delivery is proving a challenge for its parents - St Barbara and the Kerry Stokes-backed Genesis Minerals.
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