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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 30/12/16

1 year TSR5 year TSR
163rdMount Gibson Iron94%-18%
226thSaracen Mineral Holdings62%6%
492ndAlcyone Resources1%36%
729thPaladin Energy-64%-41%
682 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

30/11/16
$0 Issued
28/10/16
$0 Bought
28/10/16
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

14th↓Mount Gibson Iron$331.0m
15th↑Saracen Mineral Holdings$276.6m
17th↑Alcyone Resources$274.3m
18th↓Paladin Energy$261.4m
503 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Saracen Mineral Holdings

9thRaleigh Finlayson$3.222m
218thCraig Bradshaw$590k
356thDaniel Howe$428k
Ranked by total remuneration from all listed WA companies

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