Sarasen Mineral Holdings record Qtr production bolsters sales

Company News

by Jessica Amir

Sarasen Mineral Holdings (ASX:SAR) has reported record quarterly gold production for the June 2017 quarter and a 23 per cent gain on the prior quarter.

As a result, the gold miner doubled its annualized production to 300,0000 ounces.

Gold sales of over 78,000 ounces [78,534] underpinned its $127.3 million revenue for the quarter.

The company says thanks to its cemented position, it is in the ranks of Australia's leading mid-tier gold producers, with an enviable production profile and growth outlook.

Shares in Sarasen Mineral Holdings (ASX:SAR) are trading 1.73 per cent higher  to $1.18
 

Jessica Amir

Finance News Network
Jessica presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.