Saracen Minerals' Finlayson on Production Targets, Discovery Costs, Growth

The video discusses the company's production targets, aiming to increase from 317,000 ounces last year to 325,000-245,000 ounces this year, with an aspirational target of 400,000 ounces. It covers cost management strategies, emphasizing that expanding production lowers costs and creates acquisition opportunities. Discovery costs have decreased, benefiting shareholders. The company plans significant investments in growth and exploration, funded internally. The focus is on organic growth, with inorganic opportunities considered as they arise.

What is the company's aspirational production target for the current year?

• 245,000 ounces

• 400,000 ounces

• 325,000 ounces

• 317,000 ounces

How does the company plan to handle a potential drop in gold prices?

• By halting production

• By lowering their cost profile

• By reducing workforce

• By increasing prices

What was the discovery cost per ounce last year?

• $80

• $25

• $35

• $50

How much is the company investing in growth initiatives this year?

• $200 million

• $180 million

• $140 million

• $60 million

What is the company's primary focus for growth?

• Mergers and acquisitions

• Inorganic growth

• Organic growth

• Reducing production