Saracen expects output to rise in FY2012

Gold miner Saracen Mineral Holdings on Friday reported that it had produced some 111 163 oz of gold during its first full financial year of production. This was in line with the company’s previously stated guidance of between 110 000 oz and 120...

Renewed activity in Australia's gold sector

Australian miners are taking another look at old gold deposits as bullion prices remain strong, says industry consultant Surbiton Associates. “We are experiencing an extended period of high Australian gold prices which has led to old deposits...

Saracen raises A$35m for WA gold project

Mid-tier gold producer Saracen Mineral Holdings has completed a A$35-million placement to fund its high-grade Red October gold project, in Western Australia, it reported on Wednesday. The company placed about 92,1-million new, fully paid,...

Carosue Dam produced 9 600 oz in first month – Saracen

ASX-listed Saracen Mineral Holdings has produced 9 600 oz of gold during the first month of production at its Carosue Dam project, in Western Australia The company said in a statement on Monday that the gold was produced from 167 000 t of ore for...

Saracen expects first gold from Carosue Dam in weeks

ASX-listed Saracen Mineral Holdings on Friday reported that the first gold at its Carosue Dam project, in Western Australia, was expected within the coming weeks. The company said in a statement that a gradual ramp-up of production would take...

Australia may overtake US as world’s number-two gold producer

Australia is likely to become the world’s second-largest gold producing country in the coming year, overtaking the US, industry consultant Surbiton Associates director Dr Sandra Close reported. Australia currently shares the position of the...

Aussie junior benefits from buoyant mining sector

Australian junior Macmahon has reported that its open cut division has benefited from the strong demand in the resources sector with the award of a number of contract extensions and a new contract, with a combined value of $110-million.