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SCEXF - Saracen Mineral Holdings: Digging Into The Q4 Results
Saracen Mineral Holdings
We've finally begun the Q2 earnings season for the Gold Miners Index (GDX), and at the same time, we're seeing the Australian gold producers report their FY2020 results. Saracen Mineral Holdings (SCEXF) is one of the first names to report earnings, and the company saw an exceptional quarter, which capped off an outstanding FY2020 for the company. The intermediate producer beat production guidance by over 4% with annual gold production of 520,400 ounces and saw costs come in more than 20% below the industry average. The company is expected to