St Andrew Goldfields (SAS)

[Ricepad]

St Andrew Goldfields Is Getting Ready For A Higher Production And Cash Flow


Summary

St Andrew Goldfields remained free cash flow positive, an excellent performance in the current gold market.

A decent chunk of the free cash flow was used to start developing the Taylor gold mine, and SAS still plans to have it up and running by year's end.

I think the adjusted free cash flow yield was approximately 15% (if you exclude growth capex), as the weak Canadian Dollar has boosted the financial performance.

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