Saracen increases profit in FY17

Gold miner Saracen Mineral Holdings has reported a 10% increase in net profit after tax for the full year ended June, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 54%. Saracen on Wednesday reported net profit of A$28.4-million, compared with A$25.9-million in 2016, while EBITDA rose to a record A$113.4-million, up from the A$73.5-million in 2016.