Here’s why the Saracen (ASX:SAR) share price is outperforming today

The S&P/ASX 200 Index (ASX: XJO) is having a pretty decent day today, rising 0.59% at the time of writing to 6,810 points.

But the Saracen Mineral Holdings Limited (ASX: SAR) share price is doing one better. Saracen shares are currently up 2.18% to $5.15 a share.

Now that’s not the kind of outperformance to write home about. But, as they say, winning is winning.

So why are Saracen shares climbing today?

It would probably be due to a quarterly update this ASX gold miner released to the market just before open this morning. The data covers the quarter ending 31 December 2020.

Saracen reports strong production

This morning, Saracen told investors that gold production for the quarter came in at 155,122 ounces. Saracen achieved this…