Saturable absorbers are a key component for mode-locking femtosecond lasers. Polymer films containing graphene flakes have recently been used in transmission as laser mode-lockers, but suffer from high nonsaturable loss, limiting their application in low-gain lasers. Here we present a saturable absorber mirror based on a film of pure graphene flakes. The device is used to mode lock an erbium-doped fiber laser, generating pulses with state-of-the-art, sub-200-fs duration. The laser characteristic indicate that the film exhibits low nonsaturable loss (13% per pass) and large absorption modulation depth (45% of low-power absorption).Femtosecond laser pulses are essential tools for applications ranging from atomic clocks [1] to medical imaging [2]. Femtosecond lasers use saturable absorption to initiate pulse formation in a process called modelocking. Short laser pulses with high peak intensity experience less loss in a saturable absorber than long, low-intensity pulses, so gain competition in the laser favors short pulses. While the saturable absorption effect can be obtained by various indirect means, the simplest and most robust femtosecond lasers employ physical optical elements that are engineered to exhibit the desired intensity-dependent absorption characteristic. The most widely used of these devices is the semiconductor saturable absorber mirror (SESAM), which uses heterostructure quantum wells as absorbers deposited on a reflective substrate [3]. At high laser intensity, the small number of available conduction-band states is rapidly filled so that absorption ceases. More recently, it has been realized that nanoparticles can yield the desired saturable absorption, and devices based on single-walled carbon nanotubes (SW-CNTs) are now well established as saturable absorbers for femtosecond lasers [4].Since the emergence of graphene as an optical material, a number of experiments have used graphene as a saturable absorber material to mode-lock lasers. Macroscopic single-or multi-layer graphene sheets are highquality saturable absorbers [5,6] and can exhibit loss at the few percent level in the saturated state, allowing their use for femtosecond pulse generation in bulk lasers [7,8]. Devices using micron-scale graphene flakes dispersed in polymer also exhibit large saturable absorption [4,[9][10][11]. Suspensions of graphene flakes are reliably and straightforwardly prepared by a number of chemical processes [12][13][14], avoiding the specialized and/or probabilistic preparation procedures used for sheet graphene. A pure flake-graphene saturable absorber was used to mode-lock an Nd:YAG laser, achieving 4 ps pulse duration [15]. In recent work, a saturable absorber based on graphene flakes in polymer achieved 175 fs pulse duration, a record for any graphene mode-locked fiber laser [16]. However, the loss of the absorber in that experiment was 70%, while the change in loss due to saturation was 2%, making it unsuitable for low-gain lasers. Moreover, exclusively transmissive geometries have been used for flake-gr...