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Raleigh Finlayson says Saracen will retain ongoing exposure to the asset through its shareholding in Red 5. Photo: Attila Csaszar

Red 5 buys two gold mines

Red 5 has struck agreements to buy Gold Fields' Darlot mine and Saracen Mineral Holdings' King of the Hills mine for a combined $34 million in cash and shares.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
120thSaracen Mineral Holdings80%45%
200thPerseus Mining50%-24%
205thGold Road Resources48%56%
240thWestern Areas37%-1%
631stSilver Lake Resources-32%-28%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/03/18
$0 Other
23/03/18
$0 Bought
15/12/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

14th↑Saracen Mineral Holdings$423.2m
15th↑Gold Road Resources$665k
16th-Perseus Mining$289.3m
18th↑Western Areas$250.5m
20th↓Silver Lake Resources$227.5m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Saracen Mineral Holdings

7thRaleigh Finlayson$3.222m
285thDaniel Howe$428k
308thTroy Irvin$404k
Ranked by total remuneration from all listed WA companies

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