Saracen Mineral Holdings Limited Reports Production and Sales Results for the Quarter Ended December 2017; Provides Production Outlook for Fiscal Year 2018
For the quarter, gold sales were 74,320oz. Gold sales of 74,320oz underpinned revenues of AUD 118.9 million, allowing Saracen to grow its cash and equivalents to AUD 83 million at quarter-end. This was up from $60.5 million last quarter.
The group production outlook for fiscal year 2018 is maintained at 300,000oz at an AISC of AUD 1,150/oz.