Red 5 to merge with 5ilver Lake in a $1.5bn deal.

Red 5, a gold producer, agreed to merge with Silver Lake, an intermediate gold producer, in a $1.5bn deal. “This transaction represents a highly complementary combination of assets and balance sheets for the mutual benefit of both Silver Lake and Red 5 shareholders. Mergers work when each company brings attributes that the other company does not possess, which is undoubtedly the case here. The increased scale, diversification and financial strength of the new company that will be formed via this transaction will be primed for continued strong cash flow generation and further growth," Luke Tonkin, Silver Lake Managing Director.