This article is about St. Andrew Goldfields (OTCQX:STADF). St. Andrew Goldfields has a market capitalization of $120 million. The company currently operates three gold mines in Canada--Holt, Holloway, and Hislop, and it is in the process of developing a fourth--The Taylor Project.
St. Andrew Goldfields is expected to mine 100,000 ounces of gold in 2013, and this figure is set to soar to 120,000 ounces once the company's Taylor project begins producing.
Given the amount of gold that St. Andrew Goldfields produces it is very inexpensive. However there is a good reason for this. Two of the company's three mines are losing money at the current gold price, and the third has thin margins. As gold prices have...
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