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Saracen Mineral Holdings managing director Raleigh Finlayson.

Solid quarter for Saracen, Ramelius

Junior gold miners Ramelius Resources and Saracen Mineral Holdings have posted solid quarters, with Ramelius achieving its production targets for a 12th consecutive quarter.

Ramelius produced 31,367 ounces of gold in the December quarter, however as that was at the lower end of its 31,000-35,000oz guidance, the company expects unit costs to be higher than its estimate of $1,100/oz.

Cash and gold and hand increased to $95 million, up from $88.7 million in the September quarter, despite spending $7.4 million on capital development during the three months.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
thWestgold Resources0%0%
245thSaracen Mineral Holdings30%24%
297thGold Road Resources22%35%
457thIndependence Group-5%1%
703rdPerseus Mining-47%-34%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/08/17
$4.6m Sold
02/08/17
$0 Bought
02/08/17
$0 Other
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
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Saracen Mineral Holdings

9thRaleigh Finlayson$3.222m
318thDaniel Howe$428k
346thTroy Irvin$404k
Ranked by total remuneration from all listed WA companies

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