SAS.t News! Best value in class. For 121M Market Cap, you get a company with:
3 Million Au oz Resource
$26M Cash
Successfully Cash flowed pos. 16 qtr straight
Guiding bet 130k -150k 2016 production (+50% from 2015)
Has a $200 M tax credit
Has great chance for buyout from Primero who borders SAS
Safe Jurisdiction Ontario
Todays News
TORONTO, Nov. 5, 2015 /CNW/ - St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to announce that the Ontario Ministry of Northern Development and Mines ("MNDM") have accepted the Taylor Mine Production Closure Plan and, as a result, the Company is now able to put the Taylor Mine ("Taylor") into commercial production.
"We are pleased to declare Taylor the newest mine in Ontario, one which we anticipate will bolster the Company's gold production profile for 2016 by 40,000-50,000 ounces and provide much needed jobs and economic benefits to the communities of the region. I would personally like to thank the SAS team, the Provincial Government officials, the First Nations and our communities for their hard work and support in helping us bring Taylor into reality. The mine is expected to be a significant contributor in the future as we are ramping up to full production by the end of this year" said Duncan Middlemiss, President and Chief Executive Officer of SAS. "With the addition of Taylor to the portfolio of producing assets, we are also pleased to raise our 2015 full year production guidance to between 100,000 and 110,000 ounces of gold with the Taylor Mine contributing 10,000 to 15,000 ounces of gold for the balance of 2015.
