Saracen Mineral Holdings has exited the ASX on a high after merging with fellow Super Pit operator Northern Star Resources, today reporting gold production records from its Western Australian operations.
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.
Saracen Mineral Holdings has achieved record production at the Carosue Dam gold mine in Western Australia, boosting the company’s position to meet the 2021 fiscal year guidance.
Saracen Mineral Holdings plans to ramp up gold production to 450,000 ounces a year starting from the 2023 financial year.
Saracen Mineral Holdings has finished the 2020 financial year with record production of 520,414 ounces of gold, beating its guidance of 500,000 ounces.
Saracen Mineral Holdings has awarded SRG Global a drill and blast contract worth $70 million at the Thunderbox and Carosue Dam operations.
Saracen Mineral Holdings has enjoyed a record-breaking quarter with gold production and costs running ahead of guidance.
Saracen Minerals has made an off-market offer to acquire Western Australia-based gold miner Bligh Resources.
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.
Saracen has posted a new gold production target on the back of sustained record production, ending the quarter strong with 88,940 ounces (oz) of gold.
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.