February 21, 2012 11:15 PM IST
Holt Mine Operations Halted after Accident - St Andrew Goldfields
Holt Mine Operations Halted after Accident - St Andrew Goldfields
(REUTERS) -- St Andrew Goldfields Ltd said it has suspended normal mining operations at its Holt mine in the Timmins mining district in Ontario after an accident damaged a shaft.
No employees were injured in the incident and St Andrew said repairs will take less than a week.
St Andrew also reiterated its 2012 production target of 90,000-100,000 ounces of gold.
Shares of the company closed at 52 Canadian cents per share on Friday on the Toronto Stock Exchange.
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