Saracen Mineral Holdings

Goldminer Red 5 is raising $125 million from a two-tranche share placement to fund the final feasibility study for its King of the Hills gold mine in Western Australia.

In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.

Saracen Mineral Holdings was one of the first mining companies to respond to COVID-19, and managing director Raleigh Finlayson says the changes have profoundly changed his working life and the company’s operations.

Saracen Mineral Holdings has posted record gold production for the March quarter, while fellow miner Northern Star Resources said today it expected a strong improvement after operations were hit by COVID-19 restrictions.

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Gold miner Saracen Mineral Holdings has been added to the S&P/ASX 100 stock index, reflecting strong growth in the company’s market value this year, while Seven West Media’s steep slide has seen it removed from the ASX300 index.

GR Engineering Services has signed its third contract this month after securing $29 million in work with Saracen Mineral Holdings for the Thunderbox and Carosue Dam operations in Western Australia.

Super Pit owners Saracen and Northern Star have reported positive gold production for the June quarter, with Saracen reaching record output for the financial year.

One of Western Australia’s largest gold mines has been forced to shut down after a safety incident involving one of Saracen Mineral Holdings’ underground miners.

Saracen Mineral Holdings has confirmed the death of one of its underground miners following an incident at the Dervish gold mine in Western Australia.

Saracen has surpassed its production guidance for the 2020 financial year, though the goldminer’s performance has been overshadowed by the recent death of an underground worker.

Goldminer Saracen Mineral Holdings has reported a 12 per cent rise in reserves at its Carosue Dam and Thunderbox operations in Western Australia.

The Perth Mint has suffered a substantial fall in market share while also being rapped over the knuckles by the industry supervisor.

The owners of the Kalgoorlie Super Pit have confirmed the mine will continue producing gold for another 15 years, following a strategic review and resource expansion.

Kalgoorlie Super Pit owners Saracen and Northern Star have reported a surge in profits for the full financial year, on the back of record production and a strong gold price.

Almost half of revenue reported by WA’s top 20 public resources companies can be attributed to iron ore miners amid an industry boom.

Shares in Northern Star Resources and Saracen Mineral Holdings rose strongly today after they announced a merger to create a top 10 global gold producer with a market value of $16 billion.

After a rocky start to the year, confidence in WA’s gold sector is driving economic activity, with investment and exploration up.

The proposed merger of Northern Star Resources and Saracen Mineral Holdings dominated the opening session on day one of the Diggers & Dealers forum.

Goldminers on opposite coasts have diverging views on the value of Western Australia's hard border closure.

Gold assets in the US and Canada are on the radar for local producers.

De Grey Mining managing director Glenn Jardine says the explorer’s heady market valuation is a fair reflection of the potential scale of its Hemi discovery.

Gina Rinehart has made history, becoming the first woman to win the GJ Stokes Memorial Award at Kalgoorlie’s Diggers & Dealers mining forum.

Resolute Mining has reported slow gold production during the September quarter, less than a week after John Welborn's departure.

Nexus Minerals has launched a $6.6 million share placement to fund a feasibility study on the company’s gold joint venture with Saracen Mineral Holdings.

Investment prospects for gold remain strong, with the potential for Australian production to exceed the record 326 tonnes set in 2019.

The updated WA ‘rich list’ shows the state’s iron ore magnates are moving far ahead of people who made their money in other industries.

Shares in WA’s gold and iron ore miners have shot up as the value of both commodities rose to impressive highs overnight.

Several Perth companies executed value-creating mergers and acquisitions last year, none more so than Pilbara Minerals.

Goldminer Northern Star Resources has enjoyed a spike in quarterly sales and significantly reduced its debt, while Saracen Mineral Holdings achieved record production at its WA mines.

Northern Star Resources and Saracen Mineral Holdings have reported strong growth in production and earnings, just days ahead of their merger taking effect.

Northern Star Resources is on track to meet its full-year targets after posting a jump in quarterly gold sales, underpinned by its recent $5.8 billion acquisition of Saracen Mineral Holdings.

A multi-billion-dollar merger has brought a change at the top of Business News’ list of goldminers.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Northern Star Resources' chief development officer and general manager will exit the business to take top jobs with Bellevue Gold, adding to a string of departures since merging with Saracen Minerals.

Latest figures from Northern Star have captured the first full reporting period since its mega merger with Saracen Minerals, with earnings up and production on track.

Business News has tracked dramatic changes in the ranking of WA’s largest goldminers over more than a decade.

The salt of the earth miner-turned reluctant dealmaker talks to Business News about the transaction that’s kept him, and the market, on the hook for more than a year.