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St Andrew Goldfields Ltd. (TSX:SAS,OTCQX:STADF) announced its results for Q4 2015, as well as the year as a whole, noting that it produced 37,155 ounces of gold for the quarter and 107,733 ounces of gold for the year.
St Andrew Goldfields Ltd. (TSX:SAS,OTCQX:STADF) announced its results for Q4 2015, as well as the year as a whole, noting that it produced 37,155 ounces of gold for the quarter and 107,733 ounces of gold for the year. That falls within the mid-range of its 2015 production guidance.
Here’s a breakdown of those production results:
Duncan Middlemiss, president and CEO of St Andrew Goldfields, commented:
We are very pleased to have achieved the midpoint of our 2015 production guidance of 100,000 – 110,000 ounces. 2015 was a transformational year that saw the addition of the Taylor Mine, the continuation of production and extension of mine life at the Holloway Mine, and continued stable production at the Holt Mine, which, when combined, has increased annual production by 19% from 2014 (90,676 ounces). The 2015 production was a record for the Company and with the Taylor Mine in production, 2016 should be a record year as well. I would like to take this opportunity to thank our team for a successful 2015 and I look forward to a safe and prosperous 2016.
Click here to read the full St Andrew Goldfields Ltd. (TSX:SAS,OTCQX:STADF) press release.