First Amongst Equals
Saracen Mineral Holdings
Raleigh Finlayson grew up on a sheep station near the town of Kookynie in the Goldfields region. A toughness and sense of adventure has helped Mr Finlayson as he has steered gold miner Saracen Mineral Holdings’ growth from a market capitalisation of $9 million to $1.3 billion over the eight years to 2018. Now producing 300,000 ounces of gold annually between its Carosue Dam and Thunderbox projects, Saracen recently posted a half-year profit of $46.7 million, more than tripling last year’s result. The company also has reserves of 2.1 million ounces. After initially showing an interest in farming, Mr Finlayson said he changed tack during high school. With his parents not keen on him going to Perth, Mr Finlayson said the Western Australian School of Mines in Kalgoorlie was the next logical step. After serving as chief operating officer for five years at Saracen, Mr Finlayson took over as managing director in 2013, aged 34. Mr Finlayson has previously held positions of underground manager for Panoramic Resources and various senior open pit engineering roles with OceanaGold and Gold Fields.