Saracen posts solid production results

Gold miner Saracen Mineral Holdings has reported another strong quarter of production, with the miner delivering 65 130 oz of gold during the three months to March. The latest quarterly production was down slightly from the 66 222 oz delivered in the previous quarter, but Saracen said on Wednesday that the company was on track to meet its June quarter guidance of 80 000 oz, and achieve its targeted 300 000 oz/y rate.