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).
Read MoreTag: SBM
Genesis Minerals expands its horizons with new gold mining prospects in the US
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.
Read MoreGolden showdown: St Barbara’s cash pile attracts predators in the resources sector
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.
Read MoreSt Barbara (ASX:SBM) to choose between proposals
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.
Read MoreFun and Games at the Silver Lake
The Silver Lake-St. Barbara Mines dance continues, with all sorts of shenanigans going on at both ends and no resolution in sight.
Read MoreSt. Barbara Still Playing Hard-to-Get with Silver Lake
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.
Read MoreThird Wheel Intrigue Leaves Leonora Anything but Spoken For
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.
Read MoreGenesis Ticks Up Bid for St. Barbara’s Leonora Assets
Genesis Minerals has slightly sweetened its bid to buy St Barbara’s gold mining assets in the Leonora district of WA’s eastern Goldfields.
Read MoreGenesis Has Another Crack at Laverton Tidy-Up
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.
Read MoreHoover House Outcome Imminent
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?
Read MoreHoover House Genesis Proving Problematic
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.
Read MoreGenesis Phase One Complete with Successful Placement
The complicated takeover of St Barbara by Genesis Minerals is underway with a successful $275 million share placement aimed at financing the whole transaction.
Read MoreSt. Barbara Turns Up in the Book of Genesis
Kerry Stokes looks set to tighten his grip on the Laverton area of the WA goldfields after Genesis Minerals moved to add St Barbara to its previous purchase of Dacian Gold.
Read MoreNumerous Fronts Beset St. Barbara
Various unexpected problems have forced St. Barbara Mining to reduce production and new investment – and saw the shares plunge more than 20% on Tuesday.
Read MoreMining Morsels: PRU, SBM
While higher production and prices and a tight hold on costs helped Australian-based African gold miner Perseus Mining to a solid result, St Barbara Mines delivered yet another loss.
Read MoreMarket Takes the Long Stick to St Barbara
St Barbara shares were the worst performed among ASX 200 stocks yesterday, belted more than 17% after the company produced what amounted to a downgrade of its outlook.
Read MoreAnother Busy Week in the Local Mining Space
Even for the ever-dynamic local mining sector, the week just ended was a particularly busy one. Here’s the latest from Sandfire, St. Barbara, Regis, Perseus, Galena and Aeris.
Read MoreSBM – Macquarie rates the stock as Outperform
Target price rises 10% to $1.10. Rating upgraded to Outperform from Neutral.
Read MoreGenesis of Grand Gold Merger Unveiled
Genesis Minerals has won the hand of struggling Dacian Gold in an all-share takeover worth $111 million, expanding its footprint in the Leonora area of WA’s goldfields.
Read MoreBizarre Love Triangle Afoot in Aussie Gold Space
Action in the local gold space, with two weak members of the herd targeted by an aggressive smaller predator in a potential three-way merger with a total value of more than $1bn.
Read MoreTough Week for Some Local Gold Producers
The past week has seen the Australian gold sector spring a leak, with three good producers revealing unexpected operational problems, catching investors on the hop.
Read MoreSt. Barbara Shares Lose 18% on Triple Whammy
Shares in St Barbara were pummelled yesterday after the gold miner revealed a major change in strategy as well as operational problems that could very well limit future growth.
Read MoreSBM – Macquarie rates the stock as Outperform
The broker resumes coverage with an Outperform rating and a target price of $1.53.
Read MoreSt Barbara’s Simberi Mine in PNG Hit by Covid Outbreak
Covid continues to take a toll on mining operations, with gold producer St Barbara warning an outbreak at its Simberi mine on a remote north-east island of PNG has slammed output.
Read MoreThree Nuggets from the Mining Sector
Contrasting fortunes this week for three of the country’s mid-range miners who released quarterly reports – IGO in nickel, as well as gold producers St Barbara and Gold Road.
Read MoreSt Barbara’s Outlook Loses Its Lustre
St Barbara has disappointed the market with another downgrade to gold production guidance, although some believe this will be the low point.
Read MoreWoodside, St Barbara, South32 Give Updates
Some balance sheet and operational house cleaning yesterday from Woodside Petroleum and gold miner St Barbara Mining, while South32 had a promising update for shareholders.
Read MoreSBM – Credit Suisse rates the stock as Outperform
Credit Suisse expects gold to continue its upward trajectory and average US$2100/oz in 2021. The broker retains an Outperform rating and reduces the target to $3.30 from $4.40.
Read MoreSBM – Credit Suisse rates the stock as Outperform
September quarter production was solid and in line with budget, Credit Suisse observes. FY21 forecasts for 370-410,000 ounces are unchanged.
Read MoreSBM – Credit Suisse rates the stock as Outperform
FY21 guidance is for production of 370-410,000 ounces. The guidance for Gwalia as softer than Credit Suisse had expected but is not critical to the outlook or future capability.
Read MoreSt Barbara Faces Sovereign Risk At Simberi
St Barbara’s Simberisulphides project has progressed to the final feasibility stage, but enhanced economics are highly dependent on the PNG government retaining its current mining act.
Read MoreGold Stocks A Beacon In The Dark
Gold equities have suffered from the liquidity-driven global sell-off over recent weeks but several brokers suggest the outlook is much brighter, as flight-to-safety concerns take over.
Read MoreGwalia Extension Key To St Barbara Outlook
Expansion activities weighed on the performance of St Barbara’s Gwalia mine in the September quarter but increased production is likely from mid 2020.
Read MoreSBM – Credit Suisse rates the stock as Underperform
Continuing operations at Gwalia and Simberi were weaker in the September quarter, Credit Suisse notes. However, the company’s recently-acquired Atlantic Gold has performed in line with expectations and offset the weaker contribution from Gwalia and Simberi.
Read MoreSBM – Credit Suisse rates the stock as Underperform
Credit Suisse was impressed with the visit to the Torquoy mine and processing facility. The broker now appreciates why management was willing to pay a premium to acquire Atlantic Gold although still believes exploration success is necessary to bridge the premium.
Read MoreSBM – Citi rates the stock as Upgrade to Neutral from Sell
Commodities analysts at Citi this week revised their price forecasts for gold bullion, now predicting US$2000/oz in the medium term should be regarded as a genuine possibility.
Read MoreMining Deals: St Barbara Seals Atlantic Buy, Northern Minerals Raises Capital For Rare Earths
Gold miner St Barbara says it has completed the $780 million purchase of Canadian group Atlantic Gold Corporation after shareholder approvals were given last week.
Read MoreSt Barbara Joins In On North American Gold Rush
The Australian gold rush to North America is accelerating. St Barbara has joined Newcrest and North Star resources in spending up big on mines in either Canada or Alaska. Total spend so far has topped $2.2 billion.
Read MoreGwalia Setback Unlikely To Hamper St Barbara
St Barbara has encountered a setback in its feasibility study for the mass extraction project at Gwalia, resulting in a reduction to production guidance amid higher costs.
Read MoreGold Miner St Barbara Shines
Shares in gold producer St Barbara (SBM) jumped 6.3% higher to $2.35 after the company released its quarterly production update.
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