The Gold Report
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Experts Commenting on This Company
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St Andrew Goldfields Ltd.TICKER: SAS:TSXSt 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. In addition to its producing mines, St Andrew is currently advancing the Taylor project through the development pipeline and has commenced exploration activities on an exciting 120-km-long package of claims that host the Porcupine-Destor fault zone, associated with numerous gold deposits and mines in the region. |
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Expert Comments:
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."
Michael Fowler, Loewen, Ondaatje & McCutcheon (5/10/13) "Importantly, St Andrew Goldfields Ltd. generated free cash flow of $4.1M during Q1/13. . .the company is now generating good free cash flow, making it financially one of the strongest small company producers in the Abitibi region. . .we therefore continue to rate the shares a Speculative Buy."
Eric Winmill, Casimir Capital (5/8/13) "We continue to view St Andrew Goldfields Ltd. shares as undervalued, given that shares are trading at 2.6x our 2013E cash flow per share (versus peers at ~4.3x). We contend that as the company continues to deliver predictable operating results with stable cash costs, the shares are apt to rerate higher."
Michael Fowler, Loewen, Ondaatje & McCutcheon (4/12/13) "St Andrew Goldfields Ltd. reported Q1/13 production of 24,461 oz, which was very good considering the cold winter. This figure is slightly above our own estimates and there is a good chance that 2013 production will come in at the upper end of company guidance in the 95–100 Koz range. . .we continue to rate the shares a Speculative Buy."
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