SAR saracen mineral holdings limited
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News: SAR Saracen Mineral Holdings Says Super Pit Stake Transaction Is Now Unconditional

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    25/11/19
    12:40
    Post #: 41613493

    Nov 25 (Reuters) - Saracen Mineral Holdings Ltd (SAR) :

    • SUPER PIT ACQUISITION NOW UNCONDITIONAL
    • ENTERED ADDITIONAL GOLD HEDGES OF 200,000 OUNCES OF GOLD AVERAGE OF A$2,187 PER OUNCE, WITH SCHEDULED DELIVERIES OUT TO DEC QUARTER 2022
    • SUPER PIT STAKE TRANSACTION IS NOW UNCONDITIONAL AND SET FOR COMPLETION ON 29TH NOVEMBER 2019
    • HEDGING FOLLOWS DRAWDOWN OF A$400M DEBT TO PARTIALLY FUND RECENT ACQUISITION OF 50% OF SUPER PIT
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