Silver Lake Resources and Red 5 in $2.2b merger to create the ASX’s fifth largest gold producer

The starting gun has been fired on the widely-tipped WA mid-tier gold consolidation in 2024, after Silver Lake Resources and Red 5 shook hands to combine.

Red 5 shareholders will own 51.7 per cent of the new entity and Silver Lake — which has a 11.9 per cent stake in Red 5 — the remainder.

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