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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 30/06/17

1 year TSR5 year TSR
247thMount Gibson Iron27%-15%
523rdSaracen Mineral Holdings-19%17%
651stPerseus Mining-44%-35%
687thMetals X-50%5%
769thPaladin Energy-75%-47%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/05/17
$0 Bought
10/05/17
$0 Other
30/11/16
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

13th↑Metals X$354.8m
14th↑Mount Gibson Iron$331.0m
15th↑Saracen Mineral Holdings$276.6m
16th↓Perseus Mining$274.5m
17th↑Paladin Energy$261.4m
492 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Saracen Mineral Holdings

10thRaleigh Finlayson$3.222m
201stCraig Bradshaw$590k
329thDaniel Howe$428k
Ranked by total remuneration from all listed WA companies

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