Diskussion zu Signal Gold [Anaconda Gold] (Seite 103)
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Anaconda Mining loses $324,033 in fiscal Q1 2018
2017-10-13 07:39 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ACHIEVES RECORD QUARTERLY GOLD SALES OF 4,723 OUNCES IN Q1 FY 2018 AND GENERATES $2.6M OF EBITDA AT POINT ROUSSE
Anaconda Mining Inc. has released its financial and operating results for three months ended Aug. 31, 2017. The condensed consolidated interim financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
Highlights for the first quarter ended August 31, 2017
Anaconda achieved record quarterly gold sales of 4,723 ounces in Q1 FY 2018, and recorded revenue of $7.6 million based on an average gold price of $1,612 per ounce, a 55% increase in revenue over Q1 FY 2017.
The mill achieved record mill throughput of 119,401 tonnes, a 20% increase over the first quarter of FY 2017, while the mine produced 158,857 tonnes of ore at a significantly reduced strip ratio of 2.3:1 waste tonnes to ore tonnes.
Operating cash costs per ounce sold* were $1,067 (US$829) during Q1 FY 2018, an 18% improvement over the corresponding period in fiscal 2017.
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $2.6 million, up significantly from $1.2 million in Q1 FY 2017.
The Company generated $0.5 million from the sale of waste rock as aggregate from its Pine Cove Pit.
All-in sustaining cash costs per ounce sold* ("AISC"), including corporate administration, sustaining capital expenditures and sustaining exploration costs for the three months ended August 31, 2017 was $1,419 (US$1,102).
On a consolidated basis, EBITDA* for the three months ended August 31, 2017, was $1.7 million.
The Company invested $0.7 million in its strategic exploration and evaluation projects, including $0.5 million on the Goldboro Project in Nova Scotia.
As at August 31, 2017, the Company had cash and cash equivalents of $1.6 million, net working capital of $3.7 million and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility
~ Dustin Angelo, President & CEO
Anaconda has begun its 2018 fiscal year with a quarter of strong operational performance and financial results. The Point Rousse Project achieved record quarterly gold sales of 4,723 ounces in Q1 FY 2018, on track to meet our annual guidance of 15,500 ounces. Furthermore, we maintained low operating cash costs per ounce sold of $1,067, or US$829, which generated $2.6 million in Pointe Rousse Project EBITDA. Strong performance from our operations continues to allow Anaconda to invest in its assets and execute on its growth strategy, including the advancement of the high-grade Goldboro Project in Nova Scotia and the Argyle Discovery at Point Rousse.
Consolidated Results Summary - For the Three Months Ended August 31, 2017 and 2016
Financial Results Q1 FY 2018 Q1 FY 2017 (restated)
Revenue ($) $7,613,170 $4,919,737
Cost of operations, including depletion and depreciation ($) 7,309,870 5,133,623
Mine operating income (loss) ($) 303,300 (213,886)
Net loss ($) (324,033) (957,066)
Net loss per share ($/share) - basic and diluted (0.00) (0.00)
Cash generated from operating activities ($) 540,472 (419,492)
Capital investment in property, mill and equipment ($) (179,471) (1,926,123)
Capital investment in exploration and evaluation assets ($) (681,732) (759,850)
Average realized gold price per ounce ($)* 1,612 1,685
Operating cash costs per ounce sold ($)* 1,067 1,297
All-in sustaining cash costs per ounce sold ($)* 1,419 2,477
Total assets 44,710,322 31,945,999
Non-current liabilities 5,575,206 4,561,184
Operational Results
Q1 FY 2018 Q1 FY 2017
Ore mined (t) 158,857 108,305
Waste mined (t) 364,380 890,120
Strip ratio 2.3 8.2
Ore milled (t) 119,401 99,441
Grade (g/t Au) 1.35 1.17
Recovery (%) 87 86
Gold Oz Produced 4,581 3,184
Gold Oz Sold 4,723 2,919
Restatement of Prior Period Financial Information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the Company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment and deferred taxes and discovered that certain errors had been made. The adjustments are non-cash in nature, and do not impact any production historical production and operational results.
The amounts of each adjustment and a reconciliation between the previously published Consolidated Statement of Comprehensive Loss for the three months ended August 31, 2016, have been presented in Note 3 of the condensed consolidated interim financial statements.
First Quarter 2018 Review
Operational Overview and Financial Results
The Pine Cove Mill improved on its run rate of 1,200 tonnes per day in Q4 2017, to over 1,350 tonnes per day in the first quarter of fiscal 2018, a 13% increase. Consequently, the mill achieved record quarterly throughput of 119,401 tonnes during the quarter, leading to record quarterly gold sales of 4,723 ounces of gold. The mining operation at the Point Rousse Project produced 158,857 tonnes of ore from the Pine Cove Pit, up significantly from the 108,305 tonnes produced in Q1 2017. The strip ratio in the most recently completed quarter was 2.3:1 waste tonnes to ore tonnes, down from 4.2:1 in the fourth quarter of FY 2017, and down significantly from 8.2:1 in Q1 2017.
Anaconda generated $7,613,170 in revenue during the three months ended August 31, 2017, based on an average gold price of $1,612 per ounce and record quarterly gold sales of 4,723 ounces. This represents a 55% increase in revenue over the first three months of the 2017 fiscal year, when the mine operation was challenged by weather conditions and a higher strip ratio.
The Company also generated $514,282 of other income from the sale of waste rock as an aggregates product during the first quarter of FY 2018, for which the Company receives $0.60 per tonne.
Operating expenses for Q1 FY 2018 were $5,037,132, compared to $3,785,305 in the first quarter of 2017. The increase in operating costs was the result of stronger mine production volumes, with ore produced up 47% compared to Q1 2017, and 13% higher mill throughput, all of which contributed to the quarterly record gold ounces sold. Consequently, the operating cash costs per ounce sold in the first three months of fiscal 2018 were $1,067 (US$829), an 18% reduction compared to the prior year operating cash costs of $1,297 per ounce (US$999). All-in sustaining costs per ounce were also significantly improved at $1,419 (US$1,102), down from $2,477 per ounce in Q1 FY 2017.
Depletion and depreciation expense for Q1 FY 2018 was $2,272,738, an increase from $1,348,318 during the first quarter of 2017. The higher depletion and depreciation was the result of 62% higher gold ounces sold, which drives units-of-production depreciation, and higher depletion of stripping costs for the Pine Cove Pit, which is approaching its end of life.
Mine operating income for the three months ended August 31, 2017 was $303,300, compared to a mine operating loss of $213,886 in the corresponding period of 2017. The improvement was the result of significantly higher revenue and operating margin, which was partially offset by the increased depletion and depreciation expense.
During Q1 FY 2018, the Company recognized a write-down of exploration and evaluation costs of $65,939 relating to tenements under an option agreement which were removed from the agreement to focus on more prospective targets.
Corporate administration expenditures were $1,244,616 for the first three months of fiscal 2018, up from $682,788 in 2017. The increase reflects the increased corporate personnel due to the addition of the near development Goldboro Project in Nova Scotia, and related increased activity for marketing and communications. Corporate administration in Q1 2018 also includes $18,152 in costs relating to the narrow vein mining research project announced in June 2017.
Finance expense for the quarter was $24,013 for the three months ended August 31, 2017, compared to $50,214 in Q1 2017. Current finance costs relate to interest on the Company's capital lease obligations and accretion on its decommissioning liabilities.
Net comprehensive loss for the three months ended August 31, 2017, was $324,033, or $0.00 per share, compared to a net comprehensive loss of $957,066, or $0.00 per share. The improvement in net loss compared to the previous year was the result of higher mine operating income, and other income from the sale of waste rock as aggregate product, which was partially offset by higher corporate administration expenditures. Net loss for Q1 FY 2018 also includes estimated income taxes payable of $59,000 relating to the Newfoundland and Labrador mining tax regime, and a deferred tax recovery of $326,000.
Financial Position and Cash Flow Analysis
As at August 31, 2017, the Company had a positive working capital position of $3,699,743, which included cash and cash equivalents of $1,579,901. Anaconda continues to maintain a robust working capital position since May 31, 2017. In addition, the Company maintains a $1,000,000 revolving credit facility as well as a $500,000 revolving equipment lease line of credit with the Royal Bank of Canada. As at August 31, 2017, the Company had not drawn against the revolving credit facility.
During the three months ended August 31, 2017, Anaconda generated cash flow from operations of $540,472. Revenue less operating expenses from the Point Rousse Project were $2,576,038, based on record quarterly gold sales at an average price of $1,612 per ounce sold and operating cash costs of $1,067 per ounce sold. Corporate administration costs in the first quarter were $1,254,723 and there was a net reduction in operating cash flows of $1,263,183 from changes in working capital.
Anaconda continued to invest in its growth projects, incurring $681,732 of exploration and evaluation expenditures, which includes $195,675 on the continued advancement of the Goldboro Project. The similar expenditures on exploration and evaluation compared to the first quarter of fiscal 2017 demonstrate the Company's commitment to investing into its assets.
The Company also invested $179,471 into the property, mill and equipment at the Point Rousse Project. This is down significantly from the corresponding period in the prior year, when the Company made a significant investment to automate many of the operations within the Pine Cove Mill.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight deposit, a new discovery called Argyle, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities, including the Viking and Great Northern Projects on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
2017-10-13 07:39 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING ACHIEVES RECORD QUARTERLY GOLD SALES OF 4,723 OUNCES IN Q1 FY 2018 AND GENERATES $2.6M OF EBITDA AT POINT ROUSSE
Anaconda Mining Inc. has released its financial and operating results for three months ended Aug. 31, 2017. The condensed consolidated interim financial statements and management discussion and analysis documents can be found at SEDAR and the company's website.
Highlights for the first quarter ended August 31, 2017
Anaconda achieved record quarterly gold sales of 4,723 ounces in Q1 FY 2018, and recorded revenue of $7.6 million based on an average gold price of $1,612 per ounce, a 55% increase in revenue over Q1 FY 2017.
The mill achieved record mill throughput of 119,401 tonnes, a 20% increase over the first quarter of FY 2017, while the mine produced 158,857 tonnes of ore at a significantly reduced strip ratio of 2.3:1 waste tonnes to ore tonnes.
Operating cash costs per ounce sold* were $1,067 (US$829) during Q1 FY 2018, an 18% improvement over the corresponding period in fiscal 2017.
Strong revenue and lower costs enabled the Point Rousse Project to generate EBITDA* of $2.6 million, up significantly from $1.2 million in Q1 FY 2017.
The Company generated $0.5 million from the sale of waste rock as aggregate from its Pine Cove Pit.
All-in sustaining cash costs per ounce sold* ("AISC"), including corporate administration, sustaining capital expenditures and sustaining exploration costs for the three months ended August 31, 2017 was $1,419 (US$1,102).
On a consolidated basis, EBITDA* for the three months ended August 31, 2017, was $1.7 million.
The Company invested $0.7 million in its strategic exploration and evaluation projects, including $0.5 million on the Goldboro Project in Nova Scotia.
As at August 31, 2017, the Company had cash and cash equivalents of $1.6 million, net working capital of $3.7 million and additional available liquidity of $1,000,000 from an undrawn revolving line of credit facility
~ Dustin Angelo, President & CEO
Anaconda has begun its 2018 fiscal year with a quarter of strong operational performance and financial results. The Point Rousse Project achieved record quarterly gold sales of 4,723 ounces in Q1 FY 2018, on track to meet our annual guidance of 15,500 ounces. Furthermore, we maintained low operating cash costs per ounce sold of $1,067, or US$829, which generated $2.6 million in Pointe Rousse Project EBITDA. Strong performance from our operations continues to allow Anaconda to invest in its assets and execute on its growth strategy, including the advancement of the high-grade Goldboro Project in Nova Scotia and the Argyle Discovery at Point Rousse.
Consolidated Results Summary - For the Three Months Ended August 31, 2017 and 2016
Financial Results Q1 FY 2018 Q1 FY 2017 (restated)
Revenue ($) $7,613,170 $4,919,737
Cost of operations, including depletion and depreciation ($) 7,309,870 5,133,623
Mine operating income (loss) ($) 303,300 (213,886)
Net loss ($) (324,033) (957,066)
Net loss per share ($/share) - basic and diluted (0.00) (0.00)
Cash generated from operating activities ($) 540,472 (419,492)
Capital investment in property, mill and equipment ($) (179,471) (1,926,123)
Capital investment in exploration and evaluation assets ($) (681,732) (759,850)
Average realized gold price per ounce ($)* 1,612 1,685
Operating cash costs per ounce sold ($)* 1,067 1,297
All-in sustaining cash costs per ounce sold ($)* 1,419 2,477
Total assets 44,710,322 31,945,999
Non-current liabilities 5,575,206 4,561,184
Operational Results
Q1 FY 2018 Q1 FY 2017
Ore mined (t) 158,857 108,305
Waste mined (t) 364,380 890,120
Strip ratio 2.3 8.2
Ore milled (t) 119,401 99,441
Grade (g/t Au) 1.35 1.17
Recovery (%) 87 86
Gold Oz Produced 4,581 3,184
Gold Oz Sold 4,723 2,919
Restatement of Prior Period Financial Information
As part of the preparation of the audited consolidated financial statements for the year ended May 31, 2017, the Company undertook a comprehensive review of the capitalization and units-of-production depletion calculations for its production stripping asset and property, mill infrastructure and equipment and deferred taxes and discovered that certain errors had been made. The adjustments are non-cash in nature, and do not impact any production historical production and operational results.
The amounts of each adjustment and a reconciliation between the previously published Consolidated Statement of Comprehensive Loss for the three months ended August 31, 2016, have been presented in Note 3 of the condensed consolidated interim financial statements.
First Quarter 2018 Review
Operational Overview and Financial Results
The Pine Cove Mill improved on its run rate of 1,200 tonnes per day in Q4 2017, to over 1,350 tonnes per day in the first quarter of fiscal 2018, a 13% increase. Consequently, the mill achieved record quarterly throughput of 119,401 tonnes during the quarter, leading to record quarterly gold sales of 4,723 ounces of gold. The mining operation at the Point Rousse Project produced 158,857 tonnes of ore from the Pine Cove Pit, up significantly from the 108,305 tonnes produced in Q1 2017. The strip ratio in the most recently completed quarter was 2.3:1 waste tonnes to ore tonnes, down from 4.2:1 in the fourth quarter of FY 2017, and down significantly from 8.2:1 in Q1 2017.
Anaconda generated $7,613,170 in revenue during the three months ended August 31, 2017, based on an average gold price of $1,612 per ounce and record quarterly gold sales of 4,723 ounces. This represents a 55% increase in revenue over the first three months of the 2017 fiscal year, when the mine operation was challenged by weather conditions and a higher strip ratio.
The Company also generated $514,282 of other income from the sale of waste rock as an aggregates product during the first quarter of FY 2018, for which the Company receives $0.60 per tonne.
Operating expenses for Q1 FY 2018 were $5,037,132, compared to $3,785,305 in the first quarter of 2017. The increase in operating costs was the result of stronger mine production volumes, with ore produced up 47% compared to Q1 2017, and 13% higher mill throughput, all of which contributed to the quarterly record gold ounces sold. Consequently, the operating cash costs per ounce sold in the first three months of fiscal 2018 were $1,067 (US$829), an 18% reduction compared to the prior year operating cash costs of $1,297 per ounce (US$999). All-in sustaining costs per ounce were also significantly improved at $1,419 (US$1,102), down from $2,477 per ounce in Q1 FY 2017.
Depletion and depreciation expense for Q1 FY 2018 was $2,272,738, an increase from $1,348,318 during the first quarter of 2017. The higher depletion and depreciation was the result of 62% higher gold ounces sold, which drives units-of-production depreciation, and higher depletion of stripping costs for the Pine Cove Pit, which is approaching its end of life.
Mine operating income for the three months ended August 31, 2017 was $303,300, compared to a mine operating loss of $213,886 in the corresponding period of 2017. The improvement was the result of significantly higher revenue and operating margin, which was partially offset by the increased depletion and depreciation expense.
During Q1 FY 2018, the Company recognized a write-down of exploration and evaluation costs of $65,939 relating to tenements under an option agreement which were removed from the agreement to focus on more prospective targets.
Corporate administration expenditures were $1,244,616 for the first three months of fiscal 2018, up from $682,788 in 2017. The increase reflects the increased corporate personnel due to the addition of the near development Goldboro Project in Nova Scotia, and related increased activity for marketing and communications. Corporate administration in Q1 2018 also includes $18,152 in costs relating to the narrow vein mining research project announced in June 2017.
Finance expense for the quarter was $24,013 for the three months ended August 31, 2017, compared to $50,214 in Q1 2017. Current finance costs relate to interest on the Company's capital lease obligations and accretion on its decommissioning liabilities.
Net comprehensive loss for the three months ended August 31, 2017, was $324,033, or $0.00 per share, compared to a net comprehensive loss of $957,066, or $0.00 per share. The improvement in net loss compared to the previous year was the result of higher mine operating income, and other income from the sale of waste rock as aggregate product, which was partially offset by higher corporate administration expenditures. Net loss for Q1 FY 2018 also includes estimated income taxes payable of $59,000 relating to the Newfoundland and Labrador mining tax regime, and a deferred tax recovery of $326,000.
Financial Position and Cash Flow Analysis
As at August 31, 2017, the Company had a positive working capital position of $3,699,743, which included cash and cash equivalents of $1,579,901. Anaconda continues to maintain a robust working capital position since May 31, 2017. In addition, the Company maintains a $1,000,000 revolving credit facility as well as a $500,000 revolving equipment lease line of credit with the Royal Bank of Canada. As at August 31, 2017, the Company had not drawn against the revolving credit facility.
During the three months ended August 31, 2017, Anaconda generated cash flow from operations of $540,472. Revenue less operating expenses from the Point Rousse Project were $2,576,038, based on record quarterly gold sales at an average price of $1,612 per ounce sold and operating cash costs of $1,067 per ounce sold. Corporate administration costs in the first quarter were $1,254,723 and there was a net reduction in operating cash flows of $1,263,183 from changes in working capital.
Anaconda continued to invest in its growth projects, incurring $681,732 of exploration and evaluation expenditures, which includes $195,675 on the continued advancement of the Goldboro Project. The similar expenditures on exploration and evaluation compared to the first quarter of fiscal 2017 demonstrate the Company's commitment to investing into its assets.
The Company also invested $179,471 into the property, mill and equipment at the Point Rousse Project. This is down significantly from the corresponding period in the prior year, when the Company made a significant investment to automate many of the operations within the Pine Cove Mill.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight deposit, a new discovery called Argyle, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
The Company also has a pipeline of organic growth opportunities, including the Viking and Great Northern Projects on the Northern Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 55.836.777 von bigyawn am 27.09.17 19:21:04
Ein interessanter Artikel zur möglichen Goldpreisentwicklung in naher Zukunft...
Gold-Kursziel über 10.000 USD
September 28, 2017
Provokante Headline? Für mich eher eine mögliche neue Realität, an die wir uns mittelfristig gewöhnen könnten. Doch woher kommt mein starker Optimismus für Gold? Woher kommt das Gold-Kursziel über 10.000 USD? Darum geht es in diesem Beitrag. Ich werde Ihnen aufzeigen, warum die Gold-Nachfrage historische Dimensionen annehmen könnte. Zusätzlich könnte Peak-Gold in den nächsten Jahren Realität werden und somit die Kurse stützen...
Quelle: http://www.trading-treff.de/analysen/gold-kursziel-ueber-100…
Ein interessanter Artikel zur möglichen Goldpreisentwicklung in naher Zukunft...
Gold-Kursziel über 10.000 USD
September 28, 2017
Provokante Headline? Für mich eher eine mögliche neue Realität, an die wir uns mittelfristig gewöhnen könnten. Doch woher kommt mein starker Optimismus für Gold? Woher kommt das Gold-Kursziel über 10.000 USD? Darum geht es in diesem Beitrag. Ich werde Ihnen aufzeigen, warum die Gold-Nachfrage historische Dimensionen annehmen könnte. Zusätzlich könnte Peak-Gold in den nächsten Jahren Realität werden und somit die Kurse stützen...
Quelle: http://www.trading-treff.de/analysen/gold-kursziel-ueber-100…
Anaconda recovers over 95% Au from Goldboro testing
2017-09-27 07:20 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING RECOVERS OVER 95% GOLD IN GOLDBORO METALLURGICAL TEST PROGRAM
Anaconda Mining Inc. has released positive bench-scale gold processing test results on a dry 324-kilogram sample of diamond drill core from the Goldboro project in Nova Scotia. Preliminary development of a process flowsheet has defined overall gold recoveries in the range of 95.1 per cent to 95.3 per cent by gravity separation, flotation, and cyanide leaching of both gravity and flotation concentrates.
"We are very pleased with the results of the Goldboro metallurgical test program. Using conventional processing methods, we were able to recover over 95 per cent of the gold from our sample. The high recovery of gold is a positive step in the development of the Goldboro project. We remain on course to publish a preliminary economic assessment on the project by the end of 2017," said Dustin Angelo, president and chief executive officer.
The test program and preliminary process design for the recovery of gold was conducted by Thibault & Associates Inc. of Fredericton, N.B. Preconcentration by gravity separation and flotation was investigated for a potential reduction in throughput tonnage for downstream cyanide leaching. At a grind size of 80 per cent passing 110 microns, the recovery of gold to the gravity concentrate was 46.4 per cent to 62.1 per cent at a concentrate grade of 4,255 grams per tonne (g/t) gold to 4,587 g/t Au. Flotation of the gravity separation tails using a standard reagent scheme for flotation produced a mass yield of 5.8 per cent to 6.7 per cent at a concentrate grade of 22.3 g/t Au to 24.3 g/t Au. The combined recovery of gold by gravity and flotation preconcentration was 96.6 per cent to 97.8 per cent.
Gold in the gravity and flotation concentrates was amenable to cyanide leaching. Intensive cyanide leaching tests on gravity concentrates defined a gold extraction of 99.5 per cent over 48 hours. Cyanide leaching of the flotation concentrate had a gold extraction in the range of 96.6 per cent to 97.3 per cent over 48 hours for a regrind of 80 per cent passing 18.1 and 12.8 microns, respectively. The overall gold recovery based on a process flowsheet including gravity, flotation, flotation concentrate regrind, cyanide leach of flotation concentrates and intensive cyanide leaching of gravity concentrates was 95.1 per cent to 95.3 per cent.
This news release has been reviewed and approved by J. Dean Thibault, PEng, senior process chemical engineer of Thibault & Associates Inc., a qualified person under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
About Anaconda Mining Inc.
Anaconda Mining is focused in the mining-friendly and prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, Canada, comprising the Pine Cove open-pit mine, Stog'er Tight deposit, the fully permitted Pine Cove mill and tailings facility, a new gold discovery referred to as Argyle, and approximately 6,300 hectares of prospective property. Anaconda is also developing the recently acquired Goldboro project in Nova Scotia, a high-grade mineral resource, with the potential to leverage existing infrastructure at the company's Point Rousse project.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
2017-09-27 07:20 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING RECOVERS OVER 95% GOLD IN GOLDBORO METALLURGICAL TEST PROGRAM
Anaconda Mining Inc. has released positive bench-scale gold processing test results on a dry 324-kilogram sample of diamond drill core from the Goldboro project in Nova Scotia. Preliminary development of a process flowsheet has defined overall gold recoveries in the range of 95.1 per cent to 95.3 per cent by gravity separation, flotation, and cyanide leaching of both gravity and flotation concentrates.
"We are very pleased with the results of the Goldboro metallurgical test program. Using conventional processing methods, we were able to recover over 95 per cent of the gold from our sample. The high recovery of gold is a positive step in the development of the Goldboro project. We remain on course to publish a preliminary economic assessment on the project by the end of 2017," said Dustin Angelo, president and chief executive officer.
The test program and preliminary process design for the recovery of gold was conducted by Thibault & Associates Inc. of Fredericton, N.B. Preconcentration by gravity separation and flotation was investigated for a potential reduction in throughput tonnage for downstream cyanide leaching. At a grind size of 80 per cent passing 110 microns, the recovery of gold to the gravity concentrate was 46.4 per cent to 62.1 per cent at a concentrate grade of 4,255 grams per tonne (g/t) gold to 4,587 g/t Au. Flotation of the gravity separation tails using a standard reagent scheme for flotation produced a mass yield of 5.8 per cent to 6.7 per cent at a concentrate grade of 22.3 g/t Au to 24.3 g/t Au. The combined recovery of gold by gravity and flotation preconcentration was 96.6 per cent to 97.8 per cent.
Gold in the gravity and flotation concentrates was amenable to cyanide leaching. Intensive cyanide leaching tests on gravity concentrates defined a gold extraction of 99.5 per cent over 48 hours. Cyanide leaching of the flotation concentrate had a gold extraction in the range of 96.6 per cent to 97.3 per cent over 48 hours for a regrind of 80 per cent passing 18.1 and 12.8 microns, respectively. The overall gold recovery based on a process flowsheet including gravity, flotation, flotation concentrate regrind, cyanide leach of flotation concentrates and intensive cyanide leaching of gravity concentrates was 95.1 per cent to 95.3 per cent.
This news release has been reviewed and approved by J. Dean Thibault, PEng, senior process chemical engineer of Thibault & Associates Inc., a qualified person under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
About Anaconda Mining Inc.
Anaconda Mining is focused in the mining-friendly and prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The company operates the Point Rousse project located in the Baie Verte mining district in Newfoundland, Canada, comprising the Pine Cove open-pit mine, Stog'er Tight deposit, the fully permitted Pine Cove mill and tailings facility, a new gold discovery referred to as Argyle, and approximately 6,300 hectares of prospective property. Anaconda is also developing the recently acquired Goldboro project in Nova Scotia, a high-grade mineral resource, with the potential to leverage existing infrastructure at the company's Point Rousse project.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
Antwort auf Beitrag Nr.: 55.795.176 von bigyawn am 21.09.17 16:00:37Interessante Goldgehalte - ist doch eine ziemlich große Lagerstätte wie es scheint. Und die Goldgehalte so oberflächennah sind mehr als erfreulich.
Fehlt nur noch als Sahnehäubchen ein Volltreffer im Sinne einer Bonanza...
Hinweis: Es besteht in Interessenkonflikt, da ich Aktien des Unternehmens besitze. Die gemachten Angaben dienen lediglich zu Informationszwecken und stellen keine Anlageberatung oder Aufforderung zum Kauf oder Verkauf von Finanzinstrumenten dar. In Vermögensanlagen fragen sie ihren Vermögens- oder Bankberater. Aktieninvestments und Finanzanlagen beherbergen stets auch das Risiko des Totalverlustes. Daher wird eine Haftung für Vermögensschäden kategorisch ausgeschlossen.
Kestrel Gold - besitzt das Unternehmen eines der größten Goldvorkommen der USA? | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1248964-1-10/kes…
Fehlt nur noch als Sahnehäubchen ein Volltreffer im Sinne einer Bonanza...
Hinweis: Es besteht in Interessenkonflikt, da ich Aktien des Unternehmens besitze. Die gemachten Angaben dienen lediglich zu Informationszwecken und stellen keine Anlageberatung oder Aufforderung zum Kauf oder Verkauf von Finanzinstrumenten dar. In Vermögensanlagen fragen sie ihren Vermögens- oder Bankberater. Aktieninvestments und Finanzanlagen beherbergen stets auch das Risiko des Totalverlustes. Daher wird eine Haftung für Vermögensschäden kategorisch ausgeschlossen.
Kestrel Gold - besitzt das Unternehmen eines der größten Goldvorkommen der USA? | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/1248964-1-10/kes…
Trading Spotlight
Anaconda Mining starts drill program at Argyle
2017-09-21 07:25 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES INFILL DRILL PROGRAM AT THE ARGYLE DISCOVERY
Anaconda Mining Inc. has commenced a percussion drill program at its Argyle discovery, located approximately 4.5 kilometres from the company's Pine Cove mill and tailings facility at the Point Rousse project, Newfoundland and Labrador. Since initial trenching and diamond drilling in 2016 at Argyle, Anaconda has discovered a shallow-dipping, near-surface, mineralized gold system with a strike length of over 600 metres and a down-dip extension to at least 225 metres.
The Company plans to drill approximately 500 metres in 25 holes to demonstrate continuity of near surface (less than 25 metres vertical depth at an average drill spacing of 25 metres) mineralization encountered in previous trenching and diamond drill programs. The percussion drilling will augment existing exploration data in preparation of an NI 43-101 compliant resource calculation on the Argyle discovery, which is expected to be published by the end of 2017.
"Anaconda's mining activities are moving eastward along a mineralized trend that is in close proximity to the Pine Cove Mill. We're still mining the Pine Cove pit and have targeted Stog'er Tight as the next development. The infill drill program at Argyle will provide important data to create an NI 43-101 compliant resource and bring us closer to including Argyle in the production pipeline at Point Rousse. With the Pine Cove Mill and the recently permitted in-pit tailings storage facility, Argyle and any other discoveries around Point Rousse will benefit from the existing infrastructure."
~ Dustin Angelo, President & CEO
The discovery trenching program from 2015 outlined a mineralized system exposed at surface along 250 metres of strike and included the following highlights from separate trenches (See January 21, 2016 press release):
3.75 grams per tonne ("g/t") gold over 16 metres; including 8.27 g/t over 4 metres; 1.89 g/t Au over 10 metres; 1.31 g/t gold over 11 metres; 6.58 g/t gold over 2 metres; and 1.49 g/t gold over 3.5 meters.
Subsequent diamond drilling in 2016 expanded the near surface strike of mineralization to the currently established 600 metres. Highlights from the near surface diamond drilling, coincident with the area within the current drill plan, include (See January 18, 2017 and October 12, 2016 press releases):
2.09 g/t over 14.0 metres (18.0 to 32.0 metres) in hole AE-16-20; 4.50 g/t over 6.3 metres (3.7 to 10.0 metres) in hole AE-16-06; and 1.32 g/t over 12.0 metres (4.5 to 16.5 metres) in hole AE-16-03.
The results of the infill drill program, as well as the final four holes from the previous diamond drill (see news release dated July 13, 2017) program are anticipated by mid-October.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight deposit, a new discovery called Argyle, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
2017-09-21 07:25 ET - News Release
Mr. Dustin Angelo reports
ANACONDA MINING INITIATES INFILL DRILL PROGRAM AT THE ARGYLE DISCOVERY
Anaconda Mining Inc. has commenced a percussion drill program at its Argyle discovery, located approximately 4.5 kilometres from the company's Pine Cove mill and tailings facility at the Point Rousse project, Newfoundland and Labrador. Since initial trenching and diamond drilling in 2016 at Argyle, Anaconda has discovered a shallow-dipping, near-surface, mineralized gold system with a strike length of over 600 metres and a down-dip extension to at least 225 metres.
The Company plans to drill approximately 500 metres in 25 holes to demonstrate continuity of near surface (less than 25 metres vertical depth at an average drill spacing of 25 metres) mineralization encountered in previous trenching and diamond drill programs. The percussion drilling will augment existing exploration data in preparation of an NI 43-101 compliant resource calculation on the Argyle discovery, which is expected to be published by the end of 2017.
"Anaconda's mining activities are moving eastward along a mineralized trend that is in close proximity to the Pine Cove Mill. We're still mining the Pine Cove pit and have targeted Stog'er Tight as the next development. The infill drill program at Argyle will provide important data to create an NI 43-101 compliant resource and bring us closer to including Argyle in the production pipeline at Point Rousse. With the Pine Cove Mill and the recently permitted in-pit tailings storage facility, Argyle and any other discoveries around Point Rousse will benefit from the existing infrastructure."
~ Dustin Angelo, President & CEO
The discovery trenching program from 2015 outlined a mineralized system exposed at surface along 250 metres of strike and included the following highlights from separate trenches (See January 21, 2016 press release):
3.75 grams per tonne ("g/t") gold over 16 metres; including 8.27 g/t over 4 metres; 1.89 g/t Au over 10 metres; 1.31 g/t gold over 11 metres; 6.58 g/t gold over 2 metres; and 1.49 g/t gold over 3.5 meters.
Subsequent diamond drilling in 2016 expanded the near surface strike of mineralization to the currently established 600 metres. Highlights from the near surface diamond drilling, coincident with the area within the current drill plan, include (See January 18, 2017 and October 12, 2016 press releases):
2.09 g/t over 14.0 metres (18.0 to 32.0 metres) in hole AE-16-20; 4.50 g/t over 6.3 metres (3.7 to 10.0 metres) in hole AE-16-06; and 1.32 g/t over 12.0 metres (4.5 to 16.5 metres) in hole AE-16-03.
The results of the infill drill program, as well as the final four holes from the previous diamond drill (see news release dated July 13, 2017) program are anticipated by mid-October.
This news release has been reviewed and approved by Paul McNeill, P. Geo., VP Exploration with Anaconda Mining Inc., a "Qualified Person", under National Instrument 43-101 Standard for Disclosure for Mineral Projects.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, exploration and development company, focused in the prospective Atlantic Canadian jurisdictions of Newfoundland and Nova Scotia. The Company operates the Point Rousse Project located in the Baie Verte Mining District in Newfoundland, comprised of the Pine Cove open pit mine, the fully-permitted Pine Cove Mill and tailings facility, the Stog'er Tight deposit, a new discovery called Argyle, and approximately 5,800 hectares of prospective gold-bearing property. Anaconda is also developing the recently acquired Goldboro Project in Nova Scotia, a high-grade Mineral Resource, with the potential to leverage existing infrastructure at the Company's Point Rousse Project.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.
... ab jetzt haben wir Wind unter den Flügeln ...
Ich denke die wollen nach dem Resplit einen Kurs von über einem Dollar haben. D.h. vor dem Resplit wären das CAD 0,25. Jetzt haben wir CAD 0,08.
... Gedanken eines Anacondaaktionärs ...
- Keine Handlungsempfehlung -
Ich denke die wollen nach dem Resplit einen Kurs von über einem Dollar haben. D.h. vor dem Resplit wären das CAD 0,25. Jetzt haben wir CAD 0,08.
... Gedanken eines Anacondaaktionärs ...
- Keine Handlungsempfehlung -
Antwort auf Beitrag Nr.: 55.747.461 von Thunderbird_2 am 14.09.17 22:43:39
Anaconda Mining – An Undervalued Gold Producer on Canada’s East Coast
With turmoil ramping up around the world in recent weeks, from Hurricane Harvey wreaking havoc in Texas to the mounting discord between North Korea and the United States over missile testing, and a weakening U.S. dollar, the price of gold pushed up over $1300/oz USD.
A rising gold price and the end of the summer doldrums could spell the beginning of the next leg up in the gold bull market. For those looking to profit in this next wave, today I have a gold producing company which is set to be re-rated in the coming months.
This company is Anaconda Mining, a gold producer with its flagship property, The Point Rousse Project, on the Baie Verte Peninsula in Newfoundland & Labrador. Looking out to 2020, the company’s short term goal is to significantly increase their gold production up to 50,000 ounces per year. Through further project acquisitions in Atlantic Canada which have NI 43-101 resources, and the development of Anaconda’s existing projects, they hope to leverage their team’s mine building experience and existing Point Rousse Project infrastructure, Pine Cove Mill, port and in-pit tailings facility, to push them towards their long term goal of becoming a 100,000 ounce per year producer...
Quelle: http://www.juniorstockreview.com/2017/09/13/anaconda-mining-…
Anaconda Mining – An Undervalued Gold Producer on Canada’s East Coast
With turmoil ramping up around the world in recent weeks, from Hurricane Harvey wreaking havoc in Texas to the mounting discord between North Korea and the United States over missile testing, and a weakening U.S. dollar, the price of gold pushed up over $1300/oz USD.
A rising gold price and the end of the summer doldrums could spell the beginning of the next leg up in the gold bull market. For those looking to profit in this next wave, today I have a gold producing company which is set to be re-rated in the coming months.
This company is Anaconda Mining, a gold producer with its flagship property, The Point Rousse Project, on the Baie Verte Peninsula in Newfoundland & Labrador. Looking out to 2020, the company’s short term goal is to significantly increase their gold production up to 50,000 ounces per year. Through further project acquisitions in Atlantic Canada which have NI 43-101 resources, and the development of Anaconda’s existing projects, they hope to leverage their team’s mine building experience and existing Point Rousse Project infrastructure, Pine Cove Mill, port and in-pit tailings facility, to push them towards their long term goal of becoming a 100,000 ounce per year producer...
Quelle: http://www.juniorstockreview.com/2017/09/13/anaconda-mining-…
Antwort auf Beitrag Nr.: 55.747.461 von Thunderbird_2 am 14.09.17 22:43:39
Ready for take off! 10, 9, 8 ...
Zitat von Thunderbird_2: ... time to fly ...
Ready for take off! 10, 9, 8 ...
... time to fly ...
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