Saracen Mineral Holdings Limited (ASX:SAR) is an ASX200 listed gold producer boasting a strong financial position, excellent infrastructure strategically situated in the world class North Eastern Kalgoorlie Goldfields of Western Australia, an extensive exploration program, and a proven Board/Management team focused on sustainable growth.
Saracen has rapidly grown from micro explorer to an Australian mid-tier gold producer over the past 6 years. Building on a solid 110,000 Oz p.a. production profile (FY11), Saracen is steadily moving towards 250,000 Oz p.a. through organic development of its open pit and planned underground resources. Highly resourced exploration programs have delivered exceptional Resource (4.1M oz.) and Reserve (1.1M oz. ) growth since the assets were first acquired. Additionally, recent gold discoveries at Pinnacles, Whirling Dervish Deeps, as well as the Red October high grade underground development, are adding to Saracen’s growth platform for the future.
Saracen remains on track to exceed its own growth forecast and to provide beneficial returns to its investors and community.