SAS reports annual 2013 production results of 99,548 ounces of gold - TORONTO, Jan. 9, 2014 /CNW/ -
St Andrew Goldfields Ltd. (TSX-SAS) (OTCQX-STADF), ("SAS" or the "Company") is pleased to report annual 2013 production of 99,548 ounces of gold from its Holt, Holloway and Hislop mines achieving the mid-range level of its 2013 guidance. Fourth quarter production ("Q4 2013") was in line with expectations, with 24,300 ounces produced.
"We are very proud of our team for achieving record production and within our stated 2013 production guidance of 95,000 - 105,000 ounces", said Duncan Middlemiss, President and Chief Executive Officer of SAS. "The Holt Mine continues to increase its production profile on an annual basis, and we look forward to the continuation of this trend. All required infrastructure is in place and with the development of Zone 6, additional production flexibility will be enabled. We look forward to delivering on our objectives in 2014, with the same vigor as in previous years."
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