St Andrew Goldfields Ltd.

St Andrew Goldfields announced that its shareholders have today overwhelmingly approved the Plan of Arrangement with Kirkland Lake Gold. The special resolution to approve the Arrangement was approved by 98.92% of the shares voted. Under the terms of the Arrangement, shareholders of SAS will be entitled to receive 0.0906 of one common share of [...]

St Andrew Goldfields is pleased to report its fourth quarter and annual 2015 production of 37,155 and 107,733 ounces of gold, respectively, achieving the mid-range level of its 2015 production guidance. "We are very pleased to have achieved the midpoint of our 2015 production guidance of 100,000 – 110,000 ounces", said Duncan Middlemiss, President [...]

Kirkland Lake and St Andrew Goldfields are pleased to announce that they have entered into a binding definitive agreement whereby Kirkland Lake will acquire all of the outstanding common shares of St Andrew pursuant to a plan of arrangement to create a multi-asset, Ontario-focused, intermediate gold producer. Under the terms of the Agreement [...]

St Andrew Goldfields reports $8.7 million or $0.02 per share, in operating cash flow for Q3 2015, after a $5.3 million working capital adjustment for the ore stockpile at Taylor. Net income attributable to shareholders for Q3 2015 was $2.3 million or $0.01 per share, as compared to a net loss of $7.5 million, or $0.02 per share basis, in Q3 2014 [...]

St Andrew Goldfields is pleased to announce that the Ontario Ministry of Northern Development and Mines have accepted the Taylor Mine Production Closure Plan and, as a result, the Company is now able to put the Taylor Mine into commercial production. "We are pleased to declare Taylor the newest mine in Ontario, one which we anticipate will bolster [...]

St Andrew Goldfields is pleased to report its third quarter production of 23,317 ounces of gold. "Our third quarter production was in line with expectations and we are reiterating that the 2015 production will reach the higher end of our production guidance of 85,000 – 95,000 ounces for the Holt and Holloway Mines. Once the Taylor Mine is fully [...]

St Andrew Goldfields reports $9.2 million or $0.03 per share, in operating cash flow for Q2 2015. Net income attributable to shareholders for Q2 2015 was $3.5 million or $0.01 per share, as compared to net income of $0.6 million, or nil, on a per share basis, in Q2 2014. Excluding marked-to-market adjustments on derivative financial instruments [...]

St Andrew Goldfields is pleased to provide an exploration update which includes assay results from its Phase 2 deep surface drill program, targeting Zone 4, Zone 6, and Tousignant West programs at its 100% owned Holt Mine, and the Smoke Deep and Blacktop Zones at its 100% owned Holloway Mine. Highlights of Drilling Results Phase 2 Zone 4 Deep West [...]

St Andrew Goldfields is pleased to report its second quarter (production for 2015 of 23,533 ounces of gold. "We are pleased with the results of Q2, which have put us on pace to reach the higher end of our 2015 production guidance of 85,000 – 95,000 ounces. The second quarter had its challenges and I would like to commend the team for meeting those [...]

St Andrew Goldfields is saddened to advise of a fatal incident that occurred May 23, 2015, at its Holt Mine, located 125 km east of Timmins, Ontario. A Company employee, Alexie Dallaire-Vincent, 22, was involved in an underground rail haulage accident, which fatally injured her. The Ontario Provincial Police have attended onsite, and in conjunction [...]