Anaconda Mining: Gold Miner Set for Growth
Free cash flow generation from production
Anaconda Mining is a gold mining, development, and exploration company in Atlantic Canada. Additionally, with free cash flow generation from production and a development project nearing feasibility, the company has a platform for growth.
Furthermore, the company is advancing the Goldboro Gold Project in Nova Scotia. It’s a significant growth project with Measured and Indicated Mineral Resources of 1.9 million ounces (16.0 million tonnes at 3.78 g/t) and Inferred Mineral Resources of 0.8 million ounces (5.3 million tonnes at 4.68 g/t) and which is the subject to an ongoing feasibility study.
Anaconda also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~15,000 hectares of highly prospective mineral property, including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project.
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