SAR saracen mineral holdings limited
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News: SAR Saracen Mineral Holdings Says Group Production Of Between 150,000 & 155,000 Ounces...

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    27/03/20
    12:00
    Post #: 43730782

    March 27 (Reuters) - Saracen Mineral Holdings Ltd (SAR) :

    • RECORD GROUP PRODUCTION OF BETWEEN 150,000 AND 155,000 OUNCES ESTIMATED FOR MARCH QUARTER 2020
    • PRODUCTION IN SIX MONTHS TO DECEMBER 31 WAS 216,452 OUNCES
    • NOT WITHDRAWING FY2020 GUIDANCE (+500,000OZ) BUT WILL CONTINUALLY REVIEW THIS
    • NO CERTAINTY THAT OPERATIONS WILL NOT BE IMPACTED IN JUNE QUARTER BY COVID-19 MEASURES
    • COMMISSIONING OF CAROSUE DAM MILL TO 3.2MTPA LIKELY TO BE DELAYED UNTIL MARCH QUARTER 2021
    • DISCRETIONARY EXPENDITURE DEFERRED, INCLUDING GREENFIELDS EXPLORATION
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