https://www.miningweekly.com
Financial|Flow|Gold|PROJECT|Flow
Financial|Flow|Gold|PROJECT|Flow
financial|flow-company|gold|project|flow-industry-term

Saracen beats records in full year

8th July 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed gold miner Saracen Mineral Holdings has beaten its full year production expectations for the year ended June, announcing record production and cash flows.

Saracen announced that full year production reached 520 414 oz, which was above the guidance of 500 000 oz previously set, with the Super Pit joint venture contributing 132 595 oz, Carosue Dam contributing 203 281 oz and the Thunderbox project contributing the balance of 184 538 oz. 

In the three months to June, gold production declined slightly from the 158 132 oz produced in the March quarter, to 145 830 oz, with the Super Pit contributing 53 398 oz, Carosue Dam contributing 50 315 oz and Thunderbox contributing 42 117 oz.

MD Raleigh Finlayson on Wednesday told shareholders that the results reflected Saracen’s ongoing success in meeting or exceeding guidance, and in generating growth.

“We have now met or exceeded guidance for seven straight financial years. We are also meeting our undertakings to continue driving growth and we expect this to be clearly evident in our strong news flow over the coming months,” he said.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.113 0.144s - 108pq - 2rq
Subscribe Now