SCEXF - Saracen Mineral Holdings: At An Inflection Point With Low Entry Price
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The addition of a large, long-life asset in the Super Pit has upgraded Saracen Mineral Holdings (Saracen)'s portfolio and could help grow production from 350koz in FY19 to 800kozpa by FY24E. With a +15moz inventory, growing production, and operating at >A$1,000/oz margin, all in its backyard, I believe Saracen presents a strong investment case. I recommend to long Saracen for its quality assets, long-term growth profile, and experienced