St Andrew Goldfields Q4 Earnings Drop Despite Production Increase

Mining Weekly reported that St Andrew Goldfields (SAS) has reported a drop in 0f 2.3 percent in fourth-quarter net earnings, year-over-year, despite an increase to production.

As quoted in the market report:

Full-year income rose by 51% to $26-million or $0.07 a share, as compared with $17.2-million or $0.05 a share in 2011. For 2012, SAS generated $54.1-million in cash flow from operations, which was an increase of 131.19% year-on-year, compared with $23.4-million or $0.06 a share in 2011.

To view the whole Mining Weekly report, click here.