Mr. Jacques Perron reports
SAS REPORTS 2012 FOURTH QUARTER AND YEAR END RESULTS, BEATING CASH COST GUIDANCE, GENERATING $17.5 MILLION IN NET CASH FLOW AND PROVIDES 2013 GUIDANCE
St. Andrew Goldfields Ltd. earned net income attributable to shareholders for the fourth quarter of 2012, of $12.6-million, or three cents per share, as compared with net income of $12.9-million, or four cents on a per-share basis, for the fourth quarter of 2011. Operating cash flow in the quarter was $21.7-million or six cents per share, compared with operating cash flow for the same period last year of $14.0-million, or four cents per share.
For the fiscal year 2012, St. Andrews earned net income attributable to shareholders of $26.0-million or seven cents per share, as compared with net income of $17.2-million or five cents per share for fiscal year 2011. St. Andrews generated $54.1-million in cash flow from operations, or 15 cents on a per-share basis, compared with $23.4-million, or six cents per share, in fiscal year 2011