St. Andrew’s mine off to good start

During the third quarter, the mill processed 47,917 tons of feed to recover 5,885 oz of gold. The average daily milling rate was 521 tons. The mine’s full production capacity will be reached in the fourth quarter after the company completes the construction of a back-fill plant and development of cut-and-fill stopes.

St Andrew will also complete a decline ramp which will provide access to the 5th level of the mine. Mining and hoisting currently takes place via a vertical shaft.

For the 9-month period ended Sept 30, the company generated revenues of $617,887. This came from interest earned on short-term funds on deposit. More than $9.3 million was spent during the period on mill construction and $6.9 million on mine preproduction expenses.

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