Gold miner Saracen Mineral Holdings has reported a 12% increase in its gold reserves, which now stand at a record 3.7-million ounces. The reserve estimate at the end of June compared with the 3.3-million-ounce estimate at the end of June last year, and showed a 400 000 oz increase, despite a 396 999 oz depletion. Saracen told shareholders on Tuesday that the company was rapidly approaching its four-million-ounce reserve target well ahead of its five-year schedule.
