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Saracen Mineral Holdings Ltd (SAR.AX)

SAR.AX on Australia Stock Exchange

1.33AUD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Saracen Mineral Holdings post FY revenue of $423.1 mln
Tuesday, 22 Aug 2017 06:17pm EDT 

Aug 23 (Reuters) - Saracen Mineral Holdings Ltd :FY revenue from ordinary activities $423.1 million versus $276.5 million.FY profit from ordinary activities after tax attributable to members $28.4 million versus $25.9 million.Production guidance for gold production in FY2018 is 170,000 ozs.Gold production guidance relates to Carosue Dam operations.  Full Article

Saracen Mineral sells King of the Hills gold mine to Red 5 Ltd
Thursday, 3 Aug 2017 03:01am EDT 

Aug 3 (Reuters) - Saracen Mineral Holdings Ltd :Agreement to sell King Of The Hills.Entered into binding agreement to sell the King Of The Hills gold mine to Red 5 Limited for total proceeds of A$16 million.The consideration for King Of The Hills comprises A$7 million upfront cash; 90 million red 5 shares; escrowed for 12 months;.Red 5 intends to undertake rights issue on 1-for-3 basis at issue price of A$0.05 per share to raise up to A$12.7m .  Full Article

Saracen Mineral records quarterly gold production of 79,985oz
Monday, 17 Jul 2017 06:26pm EDT 

July 18 (Reuters) - Saracen Mineral Holdings Ltd :Quarterly gold production of 79,985oz.Quarterly all-in sustaining cash costs (AISC) of A$1,127/oz.Group production outlook for FY18 remains about 300,000oz at an AISC of A$1,150/oz.Production for June quarter was up 23 pct on previous quarter at 79,985 ounces.  Full Article

Bligh Resources says directors unanimously recommend that shareholders accept Zeta offer,in absence of a superior proposal
Wednesday, 3 May 2017 05:18am EDT 

May 3 (Reuters) - Bligh Resources Ltd :Directors of company unanimously recommend that bligh shareholders accept zeta offer, in absence of a superior proposal.Zeta must make offers to acquire bligh shares pursuant to zeta offer by 19 june 2017.Update on proposed acquisition of bundarra gold project by saracen mineral and off-market takeover offer for co by zeta resources.  Full Article

Saracen Mineral says qtrly gold production of 65,130oz
Tuesday, 18 Apr 2017 11:59pm EDT 

April 19 (Reuters) - Saracen Mineral Holdings Ltd :Quarterly gold production of 65,130oz.June quarter production on track to meet guidance of 80,000oz.Craig Bradshaw has resigned from the role of chief operating officer.Gold sales for quarter of 68,471oz.The COO role will be covered by saracen’s managing director, Raleigh Finlayson, whilst a suitable replacement is sought.  Full Article

Bligh Resources announces sale of Bundarra gold project
Monday, 13 Feb 2017 06:20pm EST 

Bligh Resources Ltd : Sale of bundarra gold project . Deal for share consideration of a$8.5 million .Agreed to sell its Bundarra project to Saracen Mineral Holdings Limited.  Full Article

Saracen Mineral secures financing facility
Thursday, 3 Nov 2016 08:43pm EDT 

Saracen Mineral Holdings Ltd : Entered into a long-term senior corporate financing facility with a syndicate of three major international banks . Facility includes an initial A$45m loan facility, A$5m bank guarantee facility and gold hedging facility .Facility also features an accordion provision whereby saracen can request up to an additional A$105m capacity under corporate loan.  Full Article

Saracen Mineral enters into agreement with AngloGold
Sunday, 16 Oct 2016 05:44pm EDT 

Saracen Mineral Holdings Ltd : Asx alert-farm-in and joint venture agreement with Anglogold . Anglogold enters A$25m farm-in with Saracen at Carosue Dam north .Exploration partnership covers Butcher Well and Lake Carey tenements.  Full Article

Codan says unit enetrs $1.8M contract with RUC Cementation Mining Contractors Pty
Wednesday, 3 Aug 2016 03:07am EDT 

Codan Ltd : Minetec wins $1.8M contract . Contract with ruc cementation mining contractors pty ltd . Says revenue will be realised during FY 2017 for contract . Contract for delivery of solutions in a western Australian mine owned by a subsidiary of Saracen Mineral Holdings Limited .  Full Article

Saracen Mineral updates on purchase of royalty
Wednesday, 20 Apr 2016 10:45pm EDT 

Saracen Mineral:Thunderbox costs to fall following purchase of royalty.Acquisition anticipated to reduce all-in sustaining costs at thunderbox by around A$25 to around a$1000/oz.Consideration for deal is 8.0 million new fully paid ordinary shares in Saracen, plus US$500,000 cash.  Full Article