Reserves and Resources: Material increase in attributable group Reserves to 7.0Moz (up ~111%) and Resources to 15.0Moz (up ~63%)1,2, long track record of replenishment and growth
Mine Life: Substantial uplift in Reserves and Resources underpin material extension in portfolio mine life
Production: Pro forma FY20 production up ~68% to 605koz3,4,5
AISC: Pro forma FY20 AISC of A$1,220/oz3,4,5 (up from A$1,050/oz), an increase of ~16% Financial: Highly accretive on various metrics including EPS, FCFPS and NAVPS
Upside: Significant growth opportunities at all threeassets in Saracen’s portfoliohere is the dope
Highly accretive acquisition across a broad range of metrics including earnings per share, cash flow per share, net asset value per share, EV/Resource and EV/Reserve
SAR Price at posting:
$3.39 Sentiment: Buy Disclosure: Held