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05/08/2013 - 15:25

Saracen expecting $75m-$85m in write-downs

05/08/2013 - 15:25

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Saracen Mineral Holdings has joined the long list of gold miners taking significant financial knocks, announcing today it expects to take a one-off hit of between $75 million and $80 million due to the reduction in value of its mining and development assets, stockpiles and exploration tenements.

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