Saracen is Australia's newest 300,000oz per annum gold producer, with a declining cost profile to just US$700/oz in FY20. The Company has two production centres north of Kalgoorlie in Western Australia, Carosue Dam and Thunderbox. Reserves increased by 40% over the last 12 months to 2.1 million ounces, implying a +7 year mine life. The FY17 Reserve 'discovery' cost was just over ~US$25/oz. Resources total 9.0 million ounces. Saracen is well-positioned to deliver growth in cash flow, Reserves and value per share.
300koz pa from two Western Australian production centres.
Declining all-in sustaining cash costs.
2.1 million ounces in Reserves (+7 year mine life).
Annual Production Gold, oz per year
Annual Proven & Probable Reserves Gold, Moz per year
Mineral Authority: JORC , GEOs: No
All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.