Wesfarmers' Michael Chaney is set to chair another major Western Australian company, replacing Bill Beament at the helm of Northern Star Resources in July.
Our board moves wrap includes Brenda Berlin, Sam Randazzo, John Richards, Martin Reed, Roric Smith, Sally Langer, Samantha Tough, Anthony Kiernan, Raleigh Finlayson, Rochelle Macdonald, and Lino Bruno.
Northern Star Resources and Saracen Mineral Holdings have reported strong growth in production and earnings, just days ahead of their merger taking effect.
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.
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.
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.
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.
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.
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 see
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.
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.
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.
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.
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.
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.
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.
Local gold producers Saracen Mineral Holdings and Silver Lake Resources have announced solid growth in profits for the 2018 financial year, while Western Australia-focused St Barbara also registered a positive result.
Three Western Australian gold miners have outlined their growth plans, with Saracen Mineral Holdings announcing a 20 per cent increase in reserves, Northern Star Resources unveiling a $60 million exploration budget, and Red 5 targeting annual production of more than 100,000 ounces.
Saracen Mineral Holdings managing director Raleigh Finlayson has received about $12 million after selling more than half his stake in the gold mining company.
Saracen Mineral Holdings has confirmed its status as one of the state's top 10 gold miners, after the company reached record production in the 2018 financial year, while West Perth-based Pantoro's annual gold output was within guidance.
