Saracen Mineral Holdings Ltd. produced 31,096 ounces of gold in the December quarter, exceeding guidance of 28,000 to 30,000 ounces. During the quarter 16,346 ounces was mined from the Red October underground mine, exceeding the previous record of 15,106 ounces mined in the September quarter. Saracen mined 18,351 ounces from the Whirling Dervish open pit in the December quarter, up from 3,174 ounces in the September quarter.

This brings total production for the year to date to 72,337 ounces, which Saracen says is 11% ahead of the upper end of increased guidance for the full year of 120,000-130,000 ounces advised in August.