"Station life to building a gold mine to buying half of the Super Pit in Kalgoorlie" - Raleigh Finlayson, MD of Genesis Minerals Podcast

Euroz Hartleys Ltd

Euroz Hartleys Ltd

In this episode we have the enormous opportunity to take some time out to get to know highly regarded gold miner Raleigh Finlayson.

For those listeners who aren’t familiar with Ral, Raleigh is a goldfields born and bred lad from outback station country near Menzies which is about 130km north of Kalgoorlie. He really has had a crack at life and his story is simply a ripper.

A WA School of mines graduate, Raleigh has had a stellar career. He joined a small company called Saracen Mineral Holdings in December 2007 and by 2013 he was Managing Director, aged 34. At that stage in 2008 Saracen had a market cap of some $53m. From this point the company began to grow and grow…..and grow – culminating in 2019 under Raleigh’s guidance – of achieving the status of acquiring 50% of the Kalgoorlie super pit for $1.1 billion dollars. The market cap of Saracen grew to a whopping $6.0bn in 2021 before merging in a mega $16 billion dollar transaction with Northern star who owned the other 50% of the super pit.

The merger between Northern Star, led by fellow WA School of Mines graduate Bill Beamont and Saracen Minerals, led by Raleigh, consolidated the Kalgoorlie-Boulders hugely famous golden mile under a single owner for the first time in its 128 year history.

When we caught up with Raleigh, he was currently on a break and immersed in studying an Advanced Management Program at Harvard University in the US while in waiting for his new role as Managing Director for Genesis Minerals to commence in March 2022. 

He talks candidly about his upbringing on the station, building Saracen, the hugely important role his family plays, backing yourself in, the challenges of the Super pit acquisition, working closely with and in Northern Star, his current studies that have taken him to Harvard in the US and his excitement about his new role with Genesis Minerals which takes him back to the goldfields area that dominated his family heritage and upbringing.

'Finding the Front' is presented to you by Euroz Hartleys, a long established, proudly Western Australian diversified financial services company that has a deep connection with the companies that call Perth their home. This is a podcast series where we take the time out to get to know the story behind the people who “front” some of WA's leading companies.

We look back at some of the moments in their life and career that shape their journey to being the leader they are today and provide you with some real insights into the way they think and approach things, both in business and in life.

Disclaimer & Disclosure Euroz Hartleys Limited (‘Euroz Hartleys’) is the holder of an Australian Financial Services Licence (AFSL 230052) issued by the Australian Securities and Investments Commission (“ASIC”) and is a participant of the Australian Securities Exchange Group (“ASX Group”), Cboe Australia Pty Ltd (Cboe) and the National Stock Exchange (NSX). Euroz Hartleys and its associates declare that they deal in securities as part of their securities business and consequently may have a relevant interest in the securities participating in the Euroz Hartleys “Finding the Front” Podcast interviews. This may include providing equity capital market services to their issuing company, hold a position in the securities, acting as principal or agent, or make a market therein. Euroz Hartleys declares that it may have acted as an underwriter, arranger, co-arranger or adviser in equity capital raisings, and will have received a fee for its services, for some of the companies that have participated in the Euroz Hartleys “Finding the Front” podcast during the last 12 months. The Euroz Hartleys “Finding the Front” Podcast is general information only. Nothing in the Euroz Hartleys “Finding the Front” Podcast shall be construed as a solicitation to buy or sell a security, or to engage in or refrain from engaging in any transaction. The general advice warning applies in any case that all investors, before making any investment decisions, they should consult their qualified, licensed investment or financial adviser in order to ascertain whether the investment decision (if any) is appropriate, having regard to their investment objectives, financial situation and particular needs. Euroz Hartleys believes that the information contained and discussed within the Euroz Hartleys “Finding the Front” Podcast is correct at the time of compilation, however we make no representation or warranty that it is accurate, complete, reliable or up to date, nor do we accept any obligation to correct or update the opinions in it. The opinions expressed are subject to change without notice. No member of Euroz Hartleys accepts any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this material. We cannot guarantee that the integrity of this communication has been maintained, is free from errors, virus interception or interference.

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Euroz Hartleys is a leading financial services and wealth management firm. Based in the global resources hub of WA, we combine 85 years of investment wisdom to offer the following services: Institutional Sales - be the “eyes and ears” on the...


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