Saracen mineral holdings to seek projects
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
Nick EvansThe West Australian Saracen Mineral Holdings’ boss Raleigh Finlayson has confirmed the company’s $150 million debt facility is a sign the company is in the market for new projects,
telling shareholders yesterday it would be used only for that purpose. Mr Finlayson told Saracen’s annual shareholder meeting the gold producer still believed the best way to grow was
through the drill bit, but said the gold price-driven revaluation of Australian gold companies may throw up opportunities over the next year. He told reporters the company intended to look
for Australian assets, would prefer operating mines or late-stage development projects, and was determined not to overpay. Saracen shares closed down 2.5¢ to 95.5¢ yesterday. GET THE LATEST
NEWS FROM THEWEST.COM.AU IN YOUR INBOX. Sign up for our emails