OTCPK:STADF - Post by User
Post by
zutfieon Feb 18, 2013 1:19pm
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Post# 21005807
Andrew Mikitchook, GMP Securities
Andrew Mikitchook, GMP Securities Andrew Mikitchook, GMP Securities (2/15/13) "St Andrew Goldfields Ltd. released full Q4/12 results on Thursday after close; production of 25,829 oz was pre-released on January 10. . .company-wide cash costs of $745/oz are in line with our expected $790/oz. . .the company's flagship asset, the Holt mine, produced 15,082 oz at $573/oz (vs. our expected $668/oz) in the quarter. . .at Holt-Holloway, drilling has extended the strike length of the Ghost zone closer to the previously mined areas. Drilling is now underway to follow up on and step out from the areas returning encouraging results. . .we maintain our Buy recommendation and $0.80 target."