Saracen's plans at Carosue Dam start paying off

Gold miner Saracen Mineral Holdings on Thursday told shareholders that ongoing drill results had derisked and potentially extended the current five-year outlook at its Carosue Dam operations, in Western Australia. The five-year plan would see production steadily increase from 150 000 oz/y to 170 000 oz/y through an organic pipeline of projects and a disciplined approach to project execution. All new mines at Carosue Dam would be funded internally from the mine’s operating cash flow.