SAS net income lower on charges

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...

SAS reports ‘above expectations’ first quarter production

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...

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

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...

Permission granted to reopen Timmins-mine

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...

Lake Shore resumes operations, 49 577 ha scorched

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...

Mining explosives maker benefitting from gold boom

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...