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SAS output marginally lower q-o-q, on track to hit improved guidance

By: Henry Lazenby Ontario miner St Andrew Goldfields (SAS) on Wednesday reported third-quarter output of 21 166 oz of gold from its Holt, Holloway and Hislop mines, located in the Abitibi greenstone belt. Despite production in the quarter ended September 30 being off almost 6% quarter-on-quarter, the... 

St Andrew Goldfields reports strong Q2 output

By: Henry Lazenby Ontario-focused gold producer St Andrew Goldfields (SAS) this week reported strong results from its three mines in the world-famous Abitibi greenstone belt of Ontario, placing it well on its way to achieve full-year guidance of between 75 000 oz and 85 000 oz. SAS, which operates the Holt,... 

St Andrew Goldfields drilling returns ‘encouraging’ results at Holloway

By: Henry Lazenby Ontario-focused gold producer St Andrew Goldfields (SAS), which operates the Holt, Holloway and Hislop mines in the Timmins mining district of north-eastern Ontario, which lies within the world famous Abitibi greenstone belt, on Tuesday reported positive results from an ongoing drilling campaign... 

St Andrew Goldfields reports steady Q3 production

By: Henry Lazenby Ontario-focused gold producer St Andrew Goldfields reported steady gold output during the third quarter from its three mines in the province, recording 25 434 oz of gold for the period. New CEO Duncan Middlemiss said the combined performance of the Holt, Holloway and Hislop mines placed the... 

St Andrew Goldfields welcomes new CEO

By: Henry Lazenby Canadian gold miner St Andrew Goldfields (SAS) this week welcomed to its board new president and CEO Duncan Middlemiss, who is replacing outgoing CEO Jacques Perron, when he takes up his new CEO position at base metals miner Thomspon Creek Metals. SAS on Monday said that while external and... 

St Andrew Goldfields swings to Q2 loss

By: Henry Lazenby Ontario gold miner St Andrew Goldfields (SAS) reported a second-quarter net loss of C$1.1-million, or nil a share, compared with net income of C$4.4-million, or C$0.01 a share, a year earlier. The adjusted net loss for the three months ended June 30 was C$900 000, or nil a share, compared with... 

SAS reports strong Q2 gold production, progress at Taylor project

By: Henry Lazenby Ontario-focused gold miner St Andrew Goldfields (SAS) lifted quarter-on-quarter output from its Holt, Holloway and Hislop gold mines, in Ontario, by 3.6% to 25 353 oz in the quarter ended June 30. “Our second-quarter results remain strong with production at the 25 000 oz level. With just under 50... 

SAS net income lower on charges

By: Henry Lazenby Ontario-focused gold miner St Andrew Goldfields on Thursday reported net income attributable to shareholders for the first quarter of the year was down 63% year-on-year to $1-million, or nil per share, compared with net income of $2.7-million, or $0.01 a share. Net income for the quarter was... 

SAS reports ‘above expectations’ first quarter production

By: Henry Lazenby Ontario miner St Andrew Goldfields on Thursday said first-quarter production of 24 461 oz of gold from its Holt, Holloway and Hislop mines was slightly above expectations, despite being 5% lower than the fourth quarter’s record production. The company said the quarter, ended March 31, put the... 

SAS reports 'solid' Q4, full-year performance, costs decline

By: Henry Lazenby Ontario-focused gold producer St Andrew Goldfields (SAS) on Thursday reported fourth-quarter net earnings attributable to shareholders of $12.6-million or $0.03 a share, 2.3% lower when compared with net income of $12.9-million or $0.04 a share a year earlier, despite improved production.... 

Permission granted to reopen Timmins-mine

By: Henry Lazenby Canadian exploration and development company Sage Gold on Tuesday said it had received a permit and had completed the necessary change of ownership to reopen the Clavos gold mine, in Timmins, in northern Ontario, for exploration, development and eventual production. The company, which is... 

Lake Shore resumes operations, 49 577 ha scorched

By: Henry Lazenby Following the suspension of mining activity last week at its Timmins West mine owing to a high fire risk, TSX-listed Lake Shore Gold on Sunday reported it was preparing to resume operations the following morning. The company said it had started safety, ventilation and maintenance checks at its... 

Mining explosives maker benefitting from gold boom

By: Matthew Hill The surge of mining and exploration activity rampant gold prices have brought to north-eastern Ontario have proved a double-edged sword for small explosives firm Nordex, which is listed on the TSX-V. On the one hand, business has been brisk for suppliers in the sector, but the boom has also made... 

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