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Raleigh Finlayson says the increased royalty payment will have to come out of funds that would otherwise be used for development and exploration. Photos: Attila Csaszar

Royalty rise puts damper on gold spend plans

The past 12 months was a period of heightened activity for Western Australia’s top gold miners, with production up and the sector planning $1 billion of investment by June next year.

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BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/12/17

1 year TSR5 year TSR
151stMetals X88%15%
178thSaracen Mineral Holdings71%36%
384thPerseus Mining12%-29%
391stIndependence Group11%2%
696 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/12/17
$0 Issued
25/08/17
$4.6m Sold
02/08/17
$0 Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

13th↓Independence Group$424.1m
14th↑Saracen Mineral Holdings$423.2m
16th↓Perseus Mining$289.3m
17th-Metals X$279.8m
497 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Saracen Mineral Holdings

8thRaleigh Finlayson$3.222m
302ndDaniel Howe$428k
328thTroy Irvin$404k
Ranked by total remuneration from all listed WA companies

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