Gold miner Saracen Mineral Holdings has reported a 105% increase in net profits after tax for the financial year ended June, on the back of higher gold production and higher gold prices.
Net profits after tax for the 2020 financial year reached a record A$189.7-million, up from the A$92.5-million reported in 2019, with earnings before interest, tax, depreciation and amoritisation increasing by 104%, from A$219.5-million to A$447.6-million.