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Confidence builds at Saracen

Australia’s Saracen Mineral Holdings has reported first quarter numbers to end-March, showing cash and equivalents at A$34.3 million (US$26 million), exceeding outlook which stated cash and bullion “in excess of $20 million”.

Confidence builds at Saracen Confidence builds at Saracen Confidence builds at Saracen Confidence builds at Saracen Confidence builds at Saracen

Thunderbox WA: a sweetspot for Saracen

Operational cash flow generated at Carosue Dam for the quarter (including movement in gold in transit) was $26 million.

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