Saracen Receives Ministerial Consent for the Superpit Gold Mine Acquisition

  • Nov 25, 2019 AEDT
  • Team Kalkine

Saracen Mineral Holdings Limited (ASX: SAR) secured an additional gold hedge of 200,000 ounces of gold at an average price of $2,187 per ounce for delivery scheduled in the December 2022 quarter.

  • The company also notified that the Western Australian Minister for Finance, Aboriginal Affairs and Lands consents the proposed acquisition of the Super Pit Gold Mine in Kalgoorlie from Barrick Gold.
  • The new hedge provides SAR with further financial certainty and repays the $400 million debt.

 

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