Our board moves wrap includes Grant Mooney, Steven Wood, George Sakalidis, Brent Smoothy, Mark Sawyer, Rudolph van Niekerk, Kevin Hart, Ray Ridge, Michael McAnearney, Richard Beresford, Gregory Vesey, Michael Steuert, Andrew Gould, Chris Quirk, Sally Langer, Stephen Hunt, and Trevor Matthews.
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.
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.
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.
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.
Saracen Mineral Holdings has maintained its full-year production guidance, saying COVID-19 measures would have minimal impact on March quarter production, in contrast to yesterday's update from fellow gold miner Northern Star Resources.
SRG Global has secured a five-year contract with Saracen Mineral Holdings to provide drill and blast services at the Thunderbox and Carosue Dam operations in Western Australia.
The Australian stock market has suffered its worst single day loss in nearly a dozen years, as a brewing price war over oil added to the global tumult.
The Australian share market has suffered its worst day in over four years, closing the day at a six-month low amid a growing panic the coronavirus outbreak will trigger a global recession.
Saracen Mineral Holdings has reported strong growth in its interim profits, helped by increased production and the recent acquisition of its stake in the Kalgoorlie Super Pit. Fellow gold miner Regis Resources and mining technology company Imdex have also reported positive first-half results.
Shares in Northern Star Resources have continued their steady recovery back towards record levels after the gold miner reported improved half-year profits, declared higher dividends and foreshadowed further growth.
Saracen Mineral Holdings has sold its 10.5 per cent interest in Red 5 for $39 million, completed through a book build process at 30 cents per share prior to the ASX market open today.
Northern Star Resources said it was on track to meet production guidance of around 1 million ounces of gold this year, helped by its recent acquisition of a 50 per cent stake in the Kalgoorlie Super Pit and strong performance across its Australian operations, but also disclosed today an increase in its operating costs.
OPINION: WA again stands to be the beneficiary of trouble elsewhere, with local producers of lithium, gold, iron ore and hydrocarbons the likely winners.
Northern Star Resources has confirmed it is the new owner of a half stake in Kalgoorlie-Boulder's famous Super Pit, with the gold miner announcing an $US800 million ($1.16 billion) deal with Newmont Goldcorp.
Northern Star Resources has gone into a trading halt, with speculation mounting the acquisitive gold miner is raising funds to acquire a half stake in the Super Pit.
Saracen Mineral Holdings confirmed today it has agreed to buy a 50 per cent stake in Kalgoorlie's famous Super Pit gold mine with managing director Raleigh Finlayson saying the asset has already delivered positive surprises.
GR Engineering Services has signed a $24.5 million contract with Saracen Mineral Holdings to upgrade the processing plant at the Carosue Dam gold mine in Western Australia.
Mining technology company Imdex is the latest addition to the BN30 index, Business News's Western Australian equivalent of the Dow Jones index on the New York Stock Exchange.
Qantas chief executive Alan Joyce was Australia's highest-paid chief executive last year, according to a survey based on 'realised' pay, which also ranked Saracen Mineral Holdings managing director Raleigh Finlayson in the top 10.
South32's Graham Kerr, NRW Holdings' Jules Pemberton and Saracen Mineral Holdings' Raleigh Finlayson have received one-off benefits totalling $10.4 million, following the vesting of performance shares.
Strong gold prices and higher production levels have helped lift revenue at gold miners Saracen Mineral Holdings and Regis Resources, with Saracen's net profit up 22 per cent to $92.5 million.
Mid-tier goldminer Saracen Minerals Holdings has reported record full-year profit of $92.5 million, up 22 per cent from the previous financial year, while Regis Resources reported a profit decrease.
Northern Star Resources and Saracen Mineral Holdings have budgeted $76 million and $50 million towards exploration for this financial year, respectively, as the gold miners seek to continue to boost their record level of reserves.
The gold price touched an all-time high today in Australian dollar terms, sending the shares of many of the country's gold miners surging, led by Resolute Mining and Northern Star Resources.
Saracen Mineral Holdings has made an all-scrip takeover offer for Fremantle-based gold explorer Bligh Resources, as it seeks to increase the resource for its Thunderbox operations.
Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.
