Its Over, page-5182

The best profit results in ASX are to come from the Gold sector.

SARACEN (SAR)

Underlying net profit after tax up 173% to record A$258m on rising production Saracen set for further earnings growth as production jumps to ~700,000ozpa in FY24, before climbing to ~800,000ozpa in FY27

HIGHLIGHTS 
Statutory NPAT up 105% to a record A$189.7m (FY2019: A$92.5m)
Underlying NPAT¹ up 173% to a record A$257.5m (FY2019: A$94.2m)
EBITDA² up 104% to a record A$447.6m (FY2019: A$219.5m) 
Underlying EBITDA3 up 140% to a record A$530.9m (FY2019: A$221.2m) 
Revenue up 93% to A$1,074.0m (FY2019: A$555.6m) 
Gold production rises 47% to a record 520,414oz (FY2019: 355,077oz) 
All-In-Sustaining-Costs (“AISC” steady at A$1,101/oz (FY2019: A$1,030/oz) 
Cash and equivalents increased to A$372.0m at 30 June 2020 (A$154.4m at 30 June 2019) after spending A$272.6m on exploration and growth 
Debt of A$321.5m;
Net Cash position of A$48m just seven months after drawing down A$400m to partly fund the acquisition of 50% of the Kalgoorlie Super Pit 
Strengthening balance sheet supports ongoing investment in exploration and growth; This includes the "future-proof" strategy of investing capital in the short term to de-risk production and lower costs in the future 
FY21 guidance 600 - 640,000ozs at an AISC of $1,300 - $1,400/oz;
Flight to 800,000ozpa underway Saracen Mineral Holdings Ltd (ASX: SAR) is pleased to report record financial and operational results for the year ended