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Saracen Mineral Holdings (ASX:SAR) is a shining example of the success being enjoyed by the new generation of Australian gold miners and their shareholders. The company was recently promoted into the ASX 200 on the back of growing production (doubling to ~300,000ozpa), and cash flows (forecast all-in sustaining cost of less than A$1,075/oz). At the same time, Saracen has no debt thanks to its highly successful strategy of funding its project development from internal cash flows. Saracen's production comes from two WA projects, Carosue Dam and its new Thunderbox mine. Both operations have long lives with extensive potential for further growth through exploration. The combination of strong cash flow, no debt, and exploration upside has left Saracen perfectly positioned to take full advantage of the current gold environment. The proven board/Management team are focused on sustainable growth and adding value to key stakeholders.
- Company Email email@example.com
- Company Phone +61 8 6229 9100
- Address Line 1 Level 11/40 The Esplanade, Perth WA
- City Perth
- State Western Australia
- Industry Materials