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BRIEF-Saracen Mineral Says Quarterly Gold Production Of 89,208oz

Published 17/04/2019, 11:33 am
© Reuters.  BRIEF-Saracen Mineral Says Quarterly Gold Production Of 89,208oz
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April 17 (Reuters) - Saracen Mineral Holdings Ltd SAR.AX :

* GROUP PRODUCTION OUTLOOK FOR FY19 IS UNCHANGED AT 345- 365,000OZ AT AN AISC OF A$1,050 - 1,100/OZ

* QUARTERLY GOLD PRODUCTION OF 89,208OZ

* GOLD SALES FOR QUARTER OF 89,002OZ AT AVERAGE OF A$1,766/OZ, GENERATING REVENUE OF A$157.2M

* CONFIDENT CO WELL ON TRACK TO MEET OBJECTIVE OF GROWING PRODUCTION TO 400,000 OZ A YEAR WHILE ESTABLISHING LONG MINE LIVES

* 7 YEAR PRODUCTION OUTLOOK, AND SPECIFICALLY FY20 GROUP PRODUCTION GUIDANCE WILL BE REVISED IN SEPTEMBER QUARTER 2019

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