Super Pit leaves Saracen with higher profits

Gold miner Saracen Mineral Holdings has reported an 84% increase in underlying net profit after tax for the six months ended December, as production from the company’s newly acquired 50% stake in the Super Pit mine, in Kalgoorlie, started to pay dividends. Gold production for the interim period was up 22% to a record 216 452 oz, which included a one-month contribution from the Super Pit.