St Andrew Goldfields Ltd (fka SAS)

[NYBob]

St Andrew Goldfields Ltd. TICKER: SAS:TSX

http://www.theaureport.com/pub/co/2226#quote





http://www.sasgoldmines.com/s/Home.asp

St Andrew Goldfields Ltd.
is a Canadian gold mining company with an extensive land package
in the Timmins mining district in northeastern Ontario, Canada.

The company operates the Holt,
Holloway and
Hislop gold mines and
plans to produce 100 Koz gold in 2013.

Expert Comments:
Michael Fowler, Loewen, Ondaatje & McCutcheon (8/15/13)
"St Andrew Goldfields Ltd. reported quarterly production was up
10% and total cash costs per ounce were down 2.4% year-on-year. .
.the company only recorded a small $0.3M free cash-flow outlay in
the quarter, which was a very good achievement considering the
dramatic fall in the price of gold.
Even more positive is that capital expenditures in 2013 are H1
loaded and H2 should see $5.4M lower outlays. . .the company
maintains a strong balance sheet and is one of the best among
the junior producers;
the cash position stands at $31.5M, working capital of $26.5M and
an unused line of credit of $10M."

Christos Doulis, Stonecap Securities (8/15/13)
"St Andrew Goldfields Ltd.
hosted a conference call following the release of its Q2/13
financial results. . .total production in the quarter was
25,353 oz Au at a total cash cost (including royalties) of $897/oz
Au, down from $939/oz Au in Q1/13. . .cash at quarter end was
~$31.5M. . .providing St. Andrew with plenty of balance sheet
flexibility. . .St. Andrew has delivered another solid quarter of
results in-line with our expectations.

With a reduced capital budget in H2/13, we expect
St. Andrew to return to generating free cash flow in H2/13;
we are maintaining our Outperform rating."

Christos Doulis, Stonecap Securities (7/5/13)
"We expect total production from
St. Andrew Goldfields Ltd. of ~25 Koz Au in Q2/13. . .production
in Q1/13 was ~24 Koz Au. . .we will also be looking for the
results of the bulk sample from Taylor and results from the
company's recent exploration programs."

Christos Doulis, Stonecap Securities (5/13/13)
"St. Andrew Goldfields Ltd.
recently released its Q1/13 financial results showing another
quarter of positive free cash flow. . .cash flow from operations
was $14.1M with capex of $10M, resulting in free cash flow of
$4.1M. . .we believe that the company is well positioned to
continue to create value even in a lower gold price environment. .
.we are maintaining our Outperform rating."

Eric Winmill, Casimir Capital (5/13/13)
"St. Andrew Goldfields Ltd. has released its Q1/13 financial
results. . .the company had a strong cash position of $32.1M,
an undrawn revolving credit facility of $10M and long-term debt of
$10.4M. . .This compares to last quarter's cash of $30.7M with
long-term debt of $12.8M and the undrawn credit facility. . .we
reiterate our Buy rating."
St Andrew Goldfields Ltd. Content
SAS Plans to Double

SAS: Plans to Double
http://www.sasgoldmines.com/i/pdf/Presentation-Q2ConfCall-13Aug13.pdf

http://www.theaureport.com/pub/co/2226#quote

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http://www.sasgoldmines.com/s/Home.asp

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God Bless