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Saracen Mineral Holdings Ltd (SAR.AX)

SAR.AX on Australia Stock Exchange

3.74AUD
24 Jan 2020
Change (% chg)

$-0.09 (-2.35%)
Prev Close
$3.83
Open
$3.83
Day's High
$3.83
Day's Low
$3.72
Volume
5,950,440
Avg. Vol
8,277,609
52-wk High
$4.66
52-wk Low
$2.42

Latest Key Developments (Source: Significant Developments)

Saracen Mineral Says Received Applications Under Retail Entitlement Offer
Wednesday, 11 Dec 2019 

Dec 11 (Reuters) - Saracen Mineral Holdings Ltd ::RECEIVED APPLICATIONS FOR ENTITLEMENTS UNDER RETAIL ENTITLEMENT OFFER TOTALLING ABOUT A$37.37 MILLION FROM ELIGIBLE SHAREHOLDERS.  Full Article

Saracen Mineral Says It's FY 2020 Production Guidance For Kalgoorlie Super Pit Remains 245,000 Ounces
Tuesday, 3 Dec 2019 

Dec 3 (Reuters) - Saracen Mineral Holdings Ltd ::SARACEN'S FY 2020 PRODUCTION GUIDANCE FOR KALGOORLIE SUPER PIT REMAINS 245,000 OUNCES AT AN AISC OF A$1,470/OZ (50%).  Full Article

Saracen Mineral Completes Acquisition Of 50% Of Kalgoorlie Super Pit
Friday, 29 Nov 2019 

Nov 29 (Reuters) - SARACEN MINERAL HOLDINGS LTD::SARACEN COMPLETES ACQUISITION OF 50% OF KALGOORLIE SUPER PIT.  Full Article

Barrick Says Completes Divestiture Of Its Interest In Kalgoorlie Consolidated Gold Mines
Friday, 29 Nov 2019 

Nov 28 (Reuters) - Barrick Gold Corp ::BARRICK COMPLETES DIVESTITURE OF ITS INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES.DIVESTITURE OF ITS 50 PERCENT INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES FOR A TOTAL CASH CONSIDERATION OF $750 MILLION.DIVESTITURE OF INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES IN WESTERN AUSTRALIA TO SARACEN MINERAL HOLDINGS LTD.  Full Article

Saracen Mineral Holdings Announces Successful Completion Of Institutional Placement
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - Saracen Mineral Holdings Ltd ::ANNOUNCES SUCCESSFUL COMPLETION OF BOTH INSTITUTIONAL PLACEMENT AND INSTITUTIONAL COMPONENT.INSTITUTIONAL PLACEMENT RAISED APPROXIMATELY A$369 MILLION AT AN OFFER PRICE OF A$2.95 PER SHARE.RETAIL COMPONENT OF ENTITLEMENT OFFER WILL SEEK TO RAISE UP TO ABOUT A FURTHER A$95 MILLION.  Full Article

Barrick Reaches Agreement To Sell Its Share Of Australian Super-Pit For $750 Mln
Monday, 18 Nov 2019 

Nov 17 (Reuters) - Barrick Gold Corp ::BARRICK REACHES AGREEMENT TO SELL ITS SHARE OF AUSTRALIAN SUPER-PIT FOR $750M.REACHED AGREEMENT TO SELL ITS 50 PERCENT INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES IN WESTERN AUSTRALIA TO SARACEN MINERAL.TRANSACTION IS EXPECTED TO BE COMPLETED IN Q4 OF 2019.SALE OF INTEREST IN KCGM REPRESENTS FIRST STEP IN PLAN TO REALIZE IN EXCESS OF $1.5 BILLION FROM DISPOSAL OF NON-CORE ASSETS BY END OF 2020.  Full Article

Saracen Mineral Holdings To Buy Barrick Gold's 50% Stake In Kalgoorlie Consolidated Gold Mines JV
Monday, 18 Nov 2019 

Nov 18 (Reuters) - Saracen Mineral Holdings Ltd ::ENTERED BINDING SALE AGREEMENT WITH BARRICK GOLD TO BUY ITS 50% INTEREST IN KALGOORLIE CONSOLIDATED GOLD MINES JV.INTENDS TO RAISE ABOUT A$796 MILLION VIA UNDERWRITTEN INSTITUTIONAL PLACEMENT & UNDERWRITTEN 1-5.75 NON-RENOUNCEABLE ENTITLEMENT OFFER.INTENDS TO RAISE ABOUT A$796 MILLION VIA AN UNDERWRITTEN INSTITUTIONAL PLACEMENT.DEAL FOR US$750 MILLION.A$796 MILLION EQUITY RAISING TO PARTLY FUND TRANSACTION & BALANCE OF PURCHASE PRICE TO BE FUNDED FROM A$450 MILLION SENIOR SECURED TERM LOAN.  Full Article

Saracen Mineral Holdings Seeks Trading Halt Pending Announcement In Relation To Outcome Of A Capital Raising
Monday, 18 Nov 2019 

Nov 18 (Reuters) - Saracen Mineral Holdings Ltd ::SEEKS TRADING HALT PENDING AN ANNOUNCEMENT IN RELATION TO OUTCOME OF A CAPITAL RAISING.  Full Article

Saracen Mineral Quarterly Gold Production Of 96,324Oz
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - Saracen Mineral Holdings Ltd ::QUARTERLY GOLD PRODUCTION OF 96,324OZ.GOLD SALES FOR QUARTER OF 97,307OZ AT AN AVERAGE SALE PRICE OF A$1,916/OZ.GOLD SALES FOR QUARTER GENERATED REVENUE OF A$186.4M.QUARTERLY UNAUDITED NPAT OF A$42M - A$45M.FULL YEAR GUIDANCE OF 350 - 370,000OZ AT AN AISC OF A$1,025 - 1,075/OZ IS MAINTAINED FOR GOLD PRODUCTION.  Full Article

Saracen Mineral Holdings Says FY Underlying NPAT Up 40%
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Saracen Mineral Holdings Ltd ::SARACEN MINERAL HOLDINGS LTD - FY UNDERLYING NPAT UP 40% TO A$94.2M.SARACEN MINERAL HOLDINGS LTD - DECLARES AN INAUGURAL DIVIDEND POLICY TARGETING A PAYOUT EQUAL TO 20-40% OF NPAT.SARACEN MINERAL - DIVIDEND POLICY SUBJECT TO SARACEN REACHING AND MAINTAINING A MINIMUM CASH BALANCE OF A$150M; POLICY WILL APPLY FROM FY2020.  Full Article

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