Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

Saracen Mineral Holdings Provides Update On Key Management Appointment and Formation of JV Sub-Committees at Kalgoorlie Super Pit

03 Dec 2019  |  09:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Key management initiatives at the Super Pit

Saracen Mineral Holdings advised that its JV partner in the Kalgoorlie Super Pit, Newmont Goldcorp, has published its calendar year 2020 production guidance for the project. Newmont's guidance forecasts production of 285,000 OZs at an all-in sustaining cost (AISC) of US$1,035/oz in respect to its halfshare of the Super Pit. The Company's production guidance in respect to its half-share of the Super Pit is 245,000oz at an AISC of A$1,470/oz for the financial year ending 30 June 2020. The Company settled its purchase of its share in the Super Pit effective from 2 December 2019, meaning it will book a pro-rata percentage of production for the current financial year. It reorted that Mr. Ben Wessely has been appointed General Manager KCGM.

Please click here for full details

See more ASX300 News Announcements