Anaconda Mining Inc (ANXGF) 0.0350 $ANXGF
Anaconda Mining sells 4,508 ounces and generates $1.9M of Point Rousse Project EBITDA for Q3 fiscal 2015
CNW Group - Thu Apr 09, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to report its financial and operating results for the three and nine months ended February 28, 2015. The Company generated Point Rousse Project EBITDA (see Reconciliation of Non-GAAP Financial Measures) for the three months ended February 28, 2015 of $1,897,185. The Company sold 4,508 ounces of gold resulting in $6,266,754 in revenue at an average sales price of $1,390 per ounce. Cash cost per ounce sold at the Point Rousse Project was $969 and all-in sustaining cash cost was $1,226 (see Reconciliation of Non-GAAP Financial Measures). Adjusted net earnings for the three months ended February 28, 2015 was $187,524. As at February 28, 2015, the Company had cash and cash equivalents of $1,657,027 and net working capital of $1,707,397.
ANX.TO: 0.05 (unch)
Anaconda's Point Rousse Project has record sales volume of over 4,500 ounces of gold in Q3 FY2015
CNW Group - Thu Mar 19, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX:ANX) announces certain financial and operating results for the three and nine months ended February 28, 2015. During the third quarter of fiscal 2015, the Company sold 4,508 ounces of gold (a quarterly record by 141 ounces, or 3.2%). Sales volume was approximately 59% higher than the third quarter of fiscal 2014 when the Company sold 2,832 ounces. Anaconda generated $6,266,754 in revenue at an average sales price of $1,390 per ounce. For the nine months ended February 28, 2015, Anaconda produced and sold 11,872 ounces of gold, nearly 1,100 ounces more than the comparable period in fiscal 2014. Anaconda generated $16,576,545 in revenue at an average sales price of $1,396 per ounce. The Company expects to file its full financial statements on or before April 13, 2015.
ANX.TO: 0.05 (unch)
Anaconda Mining Sells 3,431 Ounces and Generates Over $600,000 of Pine Cove Project EBITDA for Q2 Fiscal 2015
CNW Group - Fri Jan 09, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX: ANX) is pleased to report its financial and operating results for the three months ended November 30, 2014. The Company generated Pine Cove Project EBITDA (see Reconciliation of Non-GAAP Financial Measures) for the three months ended November 30, 2014 of $613,468. The Company sold 3,431 ounces of gold resulting in $4,798,179 in revenue at an average sales price of $1,398 per ounce. Cash cost per ounce sold at the Pine Cove Project was $1,220 and all-in sustaining cash cost was $1,792. Adjusted net loss for the three months ended November 30, 2014 was $828,120, which excluded the write down of the Chilean assets. As at November 30, 2014, the Company had cash and cash equivalents of $1,368,936 and net working capital of $1,195,115.
ANX.TO: 0.05 (unch)
Anaconda makes new gold discovery near the Pine Cove mill
CNW Group - Thu Jan 08, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX: ANX) is pleased to announce the discovery of a new zone of gold mineralization, referred to as the Argyle zone, located approximately 5 kilometres from its Pine Cove mill in the Baie Verte Mining District in Newfoundland, Canada. In November 2014, the Company trenched and performed channel sampling in the Argyle zone, which is located northeast of the Stog'er Tight deposit and west of the town of Ming's Bight (see Exhibit A for location map). Anaconda was following up numerous gold-in-soil anomalies obtained during a 2012 soil sampling program in this area, which had never before been prospected. Alteration was noted over a broad area with significant gold mineralization observed in four trenches in two areas approximately 200 metres apart (See Exhibit 
. The discovery of the Argyle zone extends the length of known mineralization within an approximately 7-kilometre long trend of highly prospective rocks, which hosts the Pine Cove and Stog'er Tight deposits as well as numerous other prospects and showings.
ANX.TO: 0.05 (unch)
Anaconda Mining commences new drilling program on the Pine Cove deposit
CNW Group - Tue Dec 23, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX: ANX) is pleased to announce the initiation of a new drilling program at the Pine Cove deposit, which consists of approximately 2,000 metres of diamond drilling in 10 holes. The 2014/2015 program has two primary goals. The first goal is to increase near surface mineral resources at the Pine Cove mine proximal to the current ultimate pit design. The focus will be on the Western Extension area discovered in 2013 (See press release dated February 28, 2013 on SEDAR) and the Pine Cove Pond area on the southern side of the pit (where mining initiated in 2007), which hosts known mineralization not included in the initial mineral reserves. Secondly, the Company is looking to identify the limits of the northern, down dip, extension of the deposit. In the down dip area, Anaconda would like to determine if there is the potential for future expansion of the mine and if the surface ground immediately north of the Pine Cove pit can be utilized as waste rock storage, providing a shorter haul and lower mining costs than the present waste rock storage location (see Exhibit A for a map of the proposed drilling area).
ANX.TO: 0.05 (unch)
Anaconda Mining reports 10.52 g/t gold over 3.5 metres, 8.13 g/t gold over 4.5 metres and 7.2 g/t gold over 4.0 metres from drilling on the Stog'er Tight deposit
CNW Group - Tue Dec 16, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX: ANX) is pleased to announce the remaining results of the 2014 diamond drilling program at its Stog'er Tight gold deposit, located approximately three kilometres east of the Pine Cove mill along the Pine Cove mine road (see Exhibit A for location map).
ANX.TO: 0.05 (unch)
Anaconda's Pine Cove Mine Sells Over 3,400 Ounces of Gold; Generates $4.8M in Revenue in Q2 FY2015
CNW Group - Mon Dec 15, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX:ANX) announces certain financial and operating results from the three and six month period ended November 30, 2014 of fiscal 2015. During the second quarter of fiscal 2015, the Company sold 3,431 ounces of gold and generated $4,798,179 in revenue at an average sales price of $1,398 per ounce. Sales volume in the second quarter of fiscal 2015 was approximately 11% lower than the comparable period of fiscal 2014 when the Company sold 3,852 ounces. During the six months ended November 30, 2014, the Company sold 7,364 ounces of gold and generated $10,309,791 in revenue at an average sales price of $1,400 per ounce. Sales volume in the first half of fiscal 2015 was only approximately 7% lower than the comparable period of fiscal 2014 when the Company sold 7,948 ounces.
ANX.TO: 0.05 (unch)
Anaconda Mining makes final payment on Atlantic Canada opportunities agency loan
CNW Group - Wed Dec 03, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX: ANX) is pleased to report that on December 1, 2014, the Company made its final payment on a non-interest bearing loan, originally advanced in the amount of $500,000, from the Atlantic Canada Opportunities Agency ("ACOA".
ANX.TO: 0.05 (unch)
Anaconda Mining Announces Election of Directors
CNW Group - Thu Nov 20, 3:41PM CST
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX: ANX) is pleased to announce that the nominees listed in the management proxy circular for the 2014 Annual and Special Meeting were elected as directors of Anaconda. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting earlier today in Toronto are set out below.
ANX.TO: 0.05 (unch)
Anaconda Mining reports 18.60 g/t gold over 3.5 meters and 4.94 g/t gold over 10.5 meters from infill drilling at the Stog'er Tight project
CNW Group - Thu Nov 06, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX: ANX) is pleased to announce initial results of diamond drilling at its Stog'er Tight gold project, located approximately three kilometers east of the Pine Cove mill along the Pine Cove mine road (see Exhibit A for location map).
ANX.TO: 0.05 (unch)
Anaconda Mining Sells Nearly 4,000 Ounces and Generates Over $865,000 of EBITDA from Operations for Q1 Fiscal 2015
CNW Group - Thu Oct 09, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or the "Company" - (TSX: ANX) is pleased to report its financial and operating results for the three months ended August 31, 2014. The Company generated earnings before interest, taxes, depreciation and amortization and stock based compensation ("EBITDA" of $865,172. The Company sold 3,933 ounces of gold resulting in $5,511,612 in revenue at an average sales price of $1,401 per ounce. Cash cost per ounce sold at the Pine Cove Project was $1,131. Net loss for the three months ended August 31, 2014 was $175,810. As at August 31, 2014, the Company had cash and cash equivalents of $2,208,969 and net working capital of $5,223,570 compared to $2,754,225 and $5,066,477 respectively at May 31, 2013.
ANX.TO: 0.05 (unch)
Anaconda's Pine Cove Mine sells over 3,900 ounces of gold; generates $5.5M in revenue in Q1 FY2015
CNW Group - Thu Sep 18, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX:ANX) announces certain financial and operating results from the fiscal first quarter ended August 31, 2014. During the first quarter of fiscal 2015, the Company sold 3,933 ounces of gold and generated $5,511,612 in revenue at an average sales price of $1,401 per ounce. The first quarter of fiscal 2015 sales volume and revenue were both approximately 4% lower than the first quarter of fiscal 2014 when the Company sold 4,096 ounces at an average gold sales price of $1,399 per ounce and generated $5,731,783 in revenue. The Company expects to file its full financial statements by October 10, 2014.
ANX.TO: 0.05 (unch)
Anaconda Mining initiates drill program on the Stog'er Tight project
CNW Group - Mon Sep 15, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX: ANX) is pleased to announce the initiation of drilling on its Stog'er Tight gold project, located approximately three kilometers east of the Pine Cove mill along the Pine Cove mine road (see Exhibit A: Deer Cove and Stog'er Tight Option map).
ANX.TO: 0.05 (unch)
Anaconda Mining posts $4.3 million, or $0.02 per share, in net income for fiscal 2014
CNW Group - Thu Aug 28, 4:16PM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX: ANX) is pleased to report its financial and operating results for the fiscal year ended May 31, 2014. Net income for the year was $4,292,356 or $0.02 per fully diluted share. The Company generated earnings before interest, taxes, depreciation and amortization ("EBITDA" of $7,663,494 for fiscal 2014 compared to $7,171,717 in fiscal 2013. The Company sold 14,577 ounces of gold in fiscal 2014 resulting in $20,175,326 in revenue at an average sales price of $1,384 per ounce. Other revenues of $4,265,630 from its sold Chilean iron ore properties were also recognized during the year. Cash cost per ounce sold at the Pine Cove Project for fiscal 2014 was $1,020. As at May 31, 2014, the Company had cash and cash equivalents of $2,754,225 and net working capital of $5,066,477.
ANX.TO: 0.05 (unch)
Anaconda Mining Intersects Multiple Zones Grading up to 3.17 g/t Gold Over 8.5 Meters in Down-Dip Drilling at Pine Cove Mine
CNW Group - Wed Jun 18, 7:09AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX: ANX) is pleased to report additional diamond-drilling results from the down-dip area, Pine Cove mine, Baie Verte Peninsula, Newfoundland. Prior to the commencement of drilling at the Deer Cove Project, Anaconda drilled a single, strategically placed hole on the northern edge of the Pine Cove mine's ultimate pit limit. Hole PC-14-234 returned multiple zones of gold mineralization including 2.46 grams per tonne ("g/t" gold over 8.5 meters ("m" and 3.17 g/t gold over 8.5 m. The following assay results highlight the key zones of mineralization that were intersected in hole PC-14-234.
ANX.TO: 0.05 (unch)
Anaconda's Pine Cove Mine sells approximately 3,800 ounces of gold; generates nearly $5.3M in revenue in Q4 FY2014
CNW Group - Tue Jun 17, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company" - (TSX:ANX) announces certain financial and operating results from the fiscal fourth quarter and full year ended May 31, 2014. During the fourth quarter, the Company sold 3,797 ounces of gold and generated $5,278,887 in revenue at an average sales price of $1,390 per ounce. The fourth quarter fiscal 2014 sales volume and revenue were approximately 13% and 22% lower than the fourth quarter fiscal 2013 sales volume and revenue, respectively. For fiscal 2014, the Company sold 14,577 ounces of gold and generated $20,175,326 in revenue at an average sale price of $1,384 per ounce. Compared to fiscal 2013, sales volume and revenue decreased by 2% and 17% respectively. Year-over-year revenue decreased due to a decline in average sales price from $1,625 per ounce in fiscal 2013 to $1,384 in fiscal 2014. For fiscal 2014, the mill processed approximately 305,000 tonnes of ore, nearly 17,000 more tonnes than fiscal 2013. Year-over-year, mill availability and overall recovery remained stable at 88% and 83% respectively. The Company expects to file its full financial statements by August 27, 2014.
ANX.TO: 0.05 (unch)
Anaconda Mining sells 4,508 ounces and generates $1.9M of Point Rousse Project EBITDA for Q3 fiscal 2015
CNW Group - Thu Apr 09, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to report its financial and operating results for the three and nine months ended February 28, 2015. The Company generated Point Rousse Project EBITDA (see Reconciliation of Non-GAAP Financial Measures) for the three months ended February 28, 2015 of $1,897,185. The Company sold 4,508 ounces of gold resulting in $6,266,754 in revenue at an average sales price of $1,390 per ounce. Cash cost per ounce sold at the Point Rousse Project was $969 and all-in sustaining cash cost was $1,226 (see Reconciliation of Non-GAAP Financial Measures). Adjusted net earnings for the three months ended February 28, 2015 was $187,524. As at February 28, 2015, the Company had cash and cash equivalents of $1,657,027 and net working capital of $1,707,397. ANX.TO: 0.05 (unch)
Anaconda's Point Rousse Project has record sales volume of over 4,500 ounces of gold in Q3 FY2015
CNW Group - Thu Mar 19, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX:ANX) announces certain financial and operating results for the three and nine months ended February 28, 2015. During the third quarter of fiscal 2015, the Company sold 4,508 ounces of gold (a quarterly record by 141 ounces, or 3.2%). Sales volume was approximately 59% higher than the third quarter of fiscal 2014 when the Company sold 2,832 ounces. Anaconda generated $6,266,754 in revenue at an average sales price of $1,390 per ounce. For the nine months ended February 28, 2015, Anaconda produced and sold 11,872 ounces of gold, nearly 1,100 ounces more than the comparable period in fiscal 2014. Anaconda generated $16,576,545 in revenue at an average sales price of $1,396 per ounce. The Company expects to file its full financial statements on or before April 13, 2015. ANX.TO: 0.05 (unch)
Anaconda Mining Sells 3,431 Ounces and Generates Over $600,000 of Pine Cove Project EBITDA for Q2 Fiscal 2015
CNW Group - Fri Jan 09, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to report its financial and operating results for the three months ended November 30, 2014. The Company generated Pine Cove Project EBITDA (see Reconciliation of Non-GAAP Financial Measures) for the three months ended November 30, 2014 of $613,468. The Company sold 3,431 ounces of gold resulting in $4,798,179 in revenue at an average sales price of $1,398 per ounce. Cash cost per ounce sold at the Pine Cove Project was $1,220 and all-in sustaining cash cost was $1,792. Adjusted net loss for the three months ended November 30, 2014 was $828,120, which excluded the write down of the Chilean assets. As at November 30, 2014, the Company had cash and cash equivalents of $1,368,936 and net working capital of $1,195,115. ANX.TO: 0.05 (unch)
Anaconda makes new gold discovery near the Pine Cove mill
CNW Group - Thu Jan 08, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to announce the discovery of a new zone of gold mineralization, referred to as the Argyle zone, located approximately 5 kilometres from its Pine Cove mill in the Baie Verte Mining District in Newfoundland, Canada. In November 2014, the Company trenched and performed channel sampling in the Argyle zone, which is located northeast of the Stog'er Tight deposit and west of the town of Ming's Bight (see Exhibit A for location map). Anaconda was following up numerous gold-in-soil anomalies obtained during a 2012 soil sampling program in this area, which had never before been prospected. Alteration was noted over a broad area with significant gold mineralization observed in four trenches in two areas approximately 200 metres apart (See Exhibit . The discovery of the Argyle zone extends the length of known mineralization within an approximately 7-kilometre long trend of highly prospective rocks, which hosts the Pine Cove and Stog'er Tight deposits as well as numerous other prospects and showings. ANX.TO: 0.05 (unch)
Anaconda Mining commences new drilling program on the Pine Cove deposit
CNW Group - Tue Dec 23, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to announce the initiation of a new drilling program at the Pine Cove deposit, which consists of approximately 2,000 metres of diamond drilling in 10 holes. The 2014/2015 program has two primary goals. The first goal is to increase near surface mineral resources at the Pine Cove mine proximal to the current ultimate pit design. The focus will be on the Western Extension area discovered in 2013 (See press release dated February 28, 2013 on SEDAR) and the Pine Cove Pond area on the southern side of the pit (where mining initiated in 2007), which hosts known mineralization not included in the initial mineral reserves. Secondly, the Company is looking to identify the limits of the northern, down dip, extension of the deposit. In the down dip area, Anaconda would like to determine if there is the potential for future expansion of the mine and if the surface ground immediately north of the Pine Cove pit can be utilized as waste rock storage, providing a shorter haul and lower mining costs than the present waste rock storage location (see Exhibit A for a map of the proposed drilling area). ANX.TO: 0.05 (unch)
Anaconda Mining reports 10.52 g/t gold over 3.5 metres, 8.13 g/t gold over 4.5 metres and 7.2 g/t gold over 4.0 metres from drilling on the Stog'er Tight deposit
CNW Group - Tue Dec 16, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to announce the remaining results of the 2014 diamond drilling program at its Stog'er Tight gold deposit, located approximately three kilometres east of the Pine Cove mill along the Pine Cove mine road (see Exhibit A for location map). ANX.TO: 0.05 (unch)
Anaconda's Pine Cove Mine Sells Over 3,400 Ounces of Gold; Generates $4.8M in Revenue in Q2 FY2015
CNW Group - Mon Dec 15, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX:ANX) announces certain financial and operating results from the three and six month period ended November 30, 2014 of fiscal 2015. During the second quarter of fiscal 2015, the Company sold 3,431 ounces of gold and generated $4,798,179 in revenue at an average sales price of $1,398 per ounce. Sales volume in the second quarter of fiscal 2015 was approximately 11% lower than the comparable period of fiscal 2014 when the Company sold 3,852 ounces. During the six months ended November 30, 2014, the Company sold 7,364 ounces of gold and generated $10,309,791 in revenue at an average sales price of $1,400 per ounce. Sales volume in the first half of fiscal 2015 was only approximately 7% lower than the comparable period of fiscal 2014 when the Company sold 7,948 ounces. ANX.TO: 0.05 (unch)
Anaconda Mining makes final payment on Atlantic Canada opportunities agency loan
CNW Group - Wed Dec 03, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX: ANX) is pleased to report that on December 1, 2014, the Company made its final payment on a non-interest bearing loan, originally advanced in the amount of $500,000, from the Atlantic Canada Opportunities Agency ("ACOA". ANX.TO: 0.05 (unch)
Anaconda Mining Announces Election of Directors
CNW Group - Thu Nov 20, 3:41PM CST
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX: ANX) is pleased to announce that the nominees listed in the management proxy circular for the 2014 Annual and Special Meeting were elected as directors of Anaconda. Detailed results of the vote for the election of directors held at the Annual General and Special Meeting earlier today in Toronto are set out below. ANX.TO: 0.05 (unch)
Anaconda Mining reports 18.60 g/t gold over 3.5 meters and 4.94 g/t gold over 10.5 meters from infill drilling at the Stog'er Tight project
CNW Group - Thu Nov 06, 6:00AM CST
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to announce initial results of diamond drilling at its Stog'er Tight gold project, located approximately three kilometers east of the Pine Cove mill along the Pine Cove mine road (see Exhibit A for location map). ANX.TO: 0.05 (unch)
Anaconda Mining Sells Nearly 4,000 Ounces and Generates Over $865,000 of EBITDA from Operations for Q1 Fiscal 2015
CNW Group - Thu Oct 09, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or the "Company"
- (TSX: ANX) is pleased to report its financial and operating results for the three months ended August 31, 2014. The Company generated earnings before interest, taxes, depreciation and amortization and stock based compensation ("EBITDA" of $865,172. The Company sold 3,933 ounces of gold resulting in $5,511,612 in revenue at an average sales price of $1,401 per ounce. Cash cost per ounce sold at the Pine Cove Project was $1,131. Net loss for the three months ended August 31, 2014 was $175,810. As at August 31, 2014, the Company had cash and cash equivalents of $2,208,969 and net working capital of $5,223,570 compared to $2,754,225 and $5,066,477 respectively at May 31, 2013. ANX.TO: 0.05 (unch)
Anaconda's Pine Cove Mine sells over 3,900 ounces of gold; generates $5.5M in revenue in Q1 FY2015
CNW Group - Thu Sep 18, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX:ANX) announces certain financial and operating results from the fiscal first quarter ended August 31, 2014. During the first quarter of fiscal 2015, the Company sold 3,933 ounces of gold and generated $5,511,612 in revenue at an average sales price of $1,401 per ounce. The first quarter of fiscal 2015 sales volume and revenue were both approximately 4% lower than the first quarter of fiscal 2014 when the Company sold 4,096 ounces at an average gold sales price of $1,399 per ounce and generated $5,731,783 in revenue. The Company expects to file its full financial statements by October 10, 2014. ANX.TO: 0.05 (unch)
Anaconda Mining initiates drill program on the Stog'er Tight project
CNW Group - Mon Sep 15, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX: ANX) is pleased to announce the initiation of drilling on its Stog'er Tight gold project, located approximately three kilometers east of the Pine Cove mill along the Pine Cove mine road (see Exhibit A: Deer Cove and Stog'er Tight Option map). ANX.TO: 0.05 (unch)
Anaconda Mining posts $4.3 million, or $0.02 per share, in net income for fiscal 2014
CNW Group - Thu Aug 28, 4:16PM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX: ANX) is pleased to report its financial and operating results for the fiscal year ended May 31, 2014. Net income for the year was $4,292,356 or $0.02 per fully diluted share. The Company generated earnings before interest, taxes, depreciation and amortization ("EBITDA" of $7,663,494 for fiscal 2014 compared to $7,171,717 in fiscal 2013. The Company sold 14,577 ounces of gold in fiscal 2014 resulting in $20,175,326 in revenue at an average sales price of $1,384 per ounce. Other revenues of $4,265,630 from its sold Chilean iron ore properties were also recognized during the year. Cash cost per ounce sold at the Pine Cove Project for fiscal 2014 was $1,020. As at May 31, 2014, the Company had cash and cash equivalents of $2,754,225 and net working capital of $5,066,477. ANX.TO: 0.05 (unch)
Anaconda Mining Intersects Multiple Zones Grading up to 3.17 g/t Gold Over 8.5 Meters in Down-Dip Drilling at Pine Cove Mine
CNW Group - Wed Jun 18, 7:09AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX: ANX) is pleased to report additional diamond-drilling results from the down-dip area, Pine Cove mine, Baie Verte Peninsula, Newfoundland. Prior to the commencement of drilling at the Deer Cove Project, Anaconda drilled a single, strategically placed hole on the northern edge of the Pine Cove mine's ultimate pit limit. Hole PC-14-234 returned multiple zones of gold mineralization including 2.46 grams per tonne ("g/t" gold over 8.5 meters ("m" and 3.17 g/t gold over 8.5 m. The following assay results highlight the key zones of mineralization that were intersected in hole PC-14-234. ANX.TO: 0.05 (unch)
Anaconda's Pine Cove Mine sells approximately 3,800 ounces of gold; generates nearly $5.3M in revenue in Q4 FY2014
CNW Group - Tue Jun 17, 6:00AM CDT
Anaconda Mining Inc. ("Anaconda" or "the Company"
- (TSX:ANX) announces certain financial and operating results from the fiscal fourth quarter and full year ended May 31, 2014. During the fourth quarter, the Company sold 3,797 ounces of gold and generated $5,278,887 in revenue at an average sales price of $1,390 per ounce. The fourth quarter fiscal 2014 sales volume and revenue were approximately 13% and 22% lower than the fourth quarter fiscal 2013 sales volume and revenue, respectively. For fiscal 2014, the Company sold 14,577 ounces of gold and generated $20,175,326 in revenue at an average sale price of $1,384 per ounce. Compared to fiscal 2013, sales volume and revenue decreased by 2% and 17% respectively. Year-over-year revenue decreased due to a decline in average sales price from $1,625 per ounce in fiscal 2013 to $1,384 in fiscal 2014. For fiscal 2014, the mill processed approximately 305,000 tonnes of ore, nearly 17,000 more tonnes than fiscal 2013. Year-over-year, mill availability and overall recovery remained stable at 88% and 83% respectively. The Company expects to file its full financial statements by August 27, 2014. ANX.TO: 0.05 (unch)
