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Saracen expecting $75m-$85m in write-downs

Saracen Mineral Holdings has joined the long list of gold miners taking significant financial knocks, announcing today it expects to take a one-off hit of between $75 million and $80 million due to the reduction in value of its mining and development assets, stockpiles and exploration tenements.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
240thSaracen Mineral Holdings41%31%
257thGold Road Resources38%49%
268thIndependence Group34%4%
295thPerseus Mining27%-26%
584thWestgold Resources-21%0%
709 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

12th↑Westgold Resources$438.5m
13th↓Independence Group$424.1m
14th↑Saracen Mineral Holdings$423.2m
15th↑Gold Road Resources$326.6m
16th-Perseus Mining$289.3m
499 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Saracen Mineral Holdings

7thRaleigh Finlayson$3.222m
296thDaniel Howe$428k
320thTroy Irvin$404k
Ranked by total remuneration from all listed WA companies

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