A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Saracen posts record gold production
Saracen Mineral Holdings Ltd reported exceptional all-round performance for the June quarter, which saw it post record gold production, achieve its goal of doubling annualized production to 300,000 ounces (oz), and deliver some impressive exploration results. Production for the June quarter was up 23% on the previous quarter at 79,985 oz, a record for the company, which is above the run-rate required to achieve its 300,000-oz-per-year (oz/y) production target. This strong performance, which was largely driven by rising mine grades, saw a 25% reduction in all-in sustaining costs to A$1,127/oz ($889/oz), helping to drive a strong financial performance for the quarter.
Saracen posts record gold production
Saracen Mineral Holdings Ltd reported exceptional all-round performance for the June quarter, which saw it post record gold production, achieve its goal of doubling annualized production to 300,000 ounces (oz), and deliver some impressive exploration results. Production for the June quarter was up 23% on the previous quarter at 79,985 oz, a record for the company, which is above the run-rate required to achieve its 300,000-oz-per-year (oz/y) production target. This strong performance, which was largely driven by rising mine grades, saw a 25% reduction in all-in sustaining costs to A$1,127/oz ($889/oz), helping to drive a strong financial performance for the quarter.
Saracen posts record gold production
2017
Article (Journal)
English
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