Saracen

Saracen Mineral Holdings has received virtually unanimous support from its shareholders for the company’s proposed merger with Northern Star Resources.

Saracen Mineral Holdings has appointed Minetek to install a custom ventilation solution at its Thunderbox gold underground mine in Western Australia.

Northern Star Resources has continued to grow its production rate at the Kalgoorlie gold operations, with the company anticipating a 40 per cent rise over the next three years as it inches closer to finalising its merger with Saracen Mineral Holdings.

Saracen Mineral Holdings managing director Raleigh Finlayson has highlighted “future proofing” and “organic growth” as key outcomes to come from the company’s $16 billion merger-of-equals with Northern Star Resources.

The strength of Western Australia’s resources sector has led it through crises and is now set to usher in a new era of critical minerals.

Gold miner Northern Star Minerals has forecast a 30 per cent production increase over the next two years following positive exploration results and recent acquisitions.

Saracen Mineral Holdings has released its June quarterly report, which shows a 1.7 million ounce ore stockpile set aside for the company’s protection against COVID-19 impacts.

Kalgoorlie-Boulder is one of, if not the most famous mining centre in Australia, with a golden history dating back to the 1890s. Australian Mining looks at what its future holds in the rare earths sector.

BHP, Norton Gold Fields and Saracen Mineral Holdings are working with the Cooperative Research Centre for Optimising Resource Extraction on a study that could transform the way ore particles are screened and sorted.

Saracen Mineral Holdings is on track to produce a record 150,000 to 155,000 ounces of gold across its operations during the March quarter, seeing minimal impact from the coronavirus pandemic.

Gold producers are continuing to relish record prices, as the commodity once again listed an all-time high, skyrocketing to $US1666 ($2520) this morning.

Australia’s gold mine output in the September quarter declined by five per cent to 78 tonnes, according to Melbourne-based mining experts, Surbiton Associates.

Saracen Mineral Holdings has secured funding that it needs to acquire Barrick Gold’s 50 per cent interest in the Super Pit gold mine in Western Australia for $US750 million ($1.1 billion).

Saracen Mineral Holdings has laid the foundations to become a 400,000 ounce per year gold producer off the back of increased investment in exploration and growth.

Saracen Mineral Holdings has significantly increased its planned exploration and drilling expenditure as part of an ongoing push towards becoming a 400,000 ounce a year gold producer.

Saracen Mineral delivered a record March 2019 quarter across all fronts of costs, gold production and “impressive” exploration drilling results.

Newmont and Nexus Minerals have executed a sale and purchase agreement that will see Nexus acquire three tenements covering 190 square kilometres near its Wallbrook gold project in the Eastern Goldfields of Western Australia.

Saracen experienced a 166 per cent surge in its net profit after tax, which climbed to $75.6 million during the financial year 2018. This is a record figure to Saracen, even after excluding the profit on its King of the Hills sale.

Saracen Mineral managing director Raleigh Finlayson is confident the company will reach its goal of becoming a 400,000oz a year gold producer following its recent progress.

Gold miner Saracen Mineral Holdings enjoyed a record production of 316,453oz in the 2018 financial year. The company exceeded its guidance of 310,000-315,000oz, lifted from its original guidance of 300,000oz.