(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.