Boost from macro-economic scenario: Saracen Mineral Holdings (ASX: SAR) witnessed a stock price rise of 5.8% on 29 August 2017, as investors latched on to the safe haven stocks and avoided riskier investments post North Korea’s move on firing a missile over Japan. Recently, SAR has reported robust financial and operational results for the year to 30 June 2017. Revenue surged 53% yoy to A$423.1m (FY16: A$276.5m) while EBITDA grew 54% to a record A$113.4m (FY16: A$73.5m). Accordingly, Underlying NPAT moved up 25% to A$33.7m (FY16: A$26.9m) led by increased gold sales of 266,556 ounces (FY16: 188,024 ounces) and a strong Australian-dollar gold price. Depreciation and amortisation more than doubled to A$74.7m (FY16: A$33.9m) primarily due to Thunderbox A Zone, Karari and Deep South operations being in commercial production for their first full financial year in FY2017. At the end of the year, the Company held cash and bullion of $45.2 million, up from A$40.3 million a year earlier, with no debt. This was after spending A$138.9m during the period on project development and exploration. The substantial increase in cashflow and earnings marks a pivotal year of transition for Saracen and highlights the growth over the next three years as production increases and costs fall.