Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-135

Article from 2020:


Unlike multiple others in the ASX gold space, dividends have not been paid to Silver Lake's owners.

No large capital projects appear to be on the drawing board.

That leaves M&A action an obvious possibility.

Standard business practice would suggest at some point a lazy balance sheet should be put to work.

Or some other capital management initiative unveiled.

Can Tonkin cut a deal with the owner of a quality asset that would be transformational for Silver Lake?

So Tonkin has some form on the M&A front, and the deals done in 2019 did ‘transform' Silver Lake from a one operation company.

But what about a next generation transformational acquisition, one to take Silver Lake up towards or beyond the half-a-million ounce per annum production mark?

And one that drives down overall costs 20-30% and closer to the $1000 per ounce mark that would better future-proof the company in the case of a lower gold price environment.

In keeping with his apparent autocratic nature, Tonkin didn't bother responding to MNN's interview request.

https://www.miningnews.net/ceo-of-the-year/news/1391311/mnn-awards-future-direction-query-tonkin-drives-silver-lake-cash-highway