Silver Lake's integral takeover

Two of our favourite gold miners will merge. Gaurav Sodhi adjudicates the deal.

Diggers and Dealers, the part festival part conference that engulfs the town of Kalgoorlie this time each year, kicked off with news that Silver Lake Resources would buy Integra Mining. The announcement prompted jubilation all around. For Silver Lake, it represents an excellent purchase. For Integra management, it is an honourable exit. And for the gathering crowd, it was hope amid a darkening mood.

Silver Lake will exchange one share for 6.28 Integra shares, an arrangement that values Integra at about 45 cents per share, or $426m, a 40% premium to Integra’s pre-deal share price.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles