Gold miner Saracen triples exploration budget to A$42m

Western Australian gold miner Saracen Mineral Holdings has tripled its exploration budget to A$42-million for the current financial year as part of a strategy to grow the inventory and production at its existing mines. The commitment reflects Saracen’s high level of confidence in the organic growth credentials of its Carosue Dam and Thunderbox operations. The targets have resulted from the systematic and rigorous ranking of Saracen’s exploration portfolio over the past two years.