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.
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Saracen Mineral on track to achieve growth plans with strong profits
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.
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Saracen Mineral hits record 2.5Moz gold reserves
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.
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Saracen Mineral increases gold guidance after record production
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.
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Matsa to restart mining at the Red October gold project in WA
Matsa Resources has announced that following geological review, the company plans to restart mining at its Red October gold project in Western Australia, which the company purchased from Saracen Minerals in September last year for $2 million in cash and shares.
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Gold Fields, Saracen offload gold operations to Red 5
Gold aspirant Red 5 has snapped up a pair of operations for $34.5 million to set up its growth strategy in the Eastern Goldfields of Western Australia.
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