1. BUSINESSMEDIA
EVOLUTION
ECONOMICreview
t h e
VOL. 1 • OCTOBER 2015CANADIAN EDITION
I n s p i r e d b y E c o n o m i c G r o w t h
OCTOBER 15
VOL 1 • ISSUE 3
Anaconda: Safety. Integrity. Reliability.
ANACONDA MINING
2. ANACONDA MINING
I
n an industry as rigorously
competitive as the gold
production, Anaconda
Mining Inc is a company
of exploration that
fundamentally strives for
stability. The junior gold
production company focuses
its mergers and acquisitions
target searches primarily on
Canada and the United States,
with a particular focus on
Atlantic Canada. Anaconda
correspondingly operates the
Pine Cove open pit mine as well
as controlling approximately
6,000 hectares of exploration
property in the Baie Verte
ANACONDA MININGAnaconda: Safety. Integrity. Reliability.
By: Sarah Louise Brooks
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4. ANACONDA MINING
Mining District on the Ming’s
Peninsula, Newfoundland,
Canada. In recent years, the
United States Geological
Survey’s (USGS) provisional
data estimated that global gold
production increased from
2,800 tonnes in 2013, to 2,860
tonnes in 2014, showing a 2.1%
increase. From the ten highest
producing countries in the gold
mining industry, Canada, along
with only four others increased
their personal output, whereas
mining giants such as South
Africa and the US saw a decline
in production. Anaconda
Mining contributed to Canada’s
achievement of a record gold
output in 2014, climbing
the table by two positions,
surpassing the likes of South
Africa along the way.
A key strength to Anaconda
Mining’s continued
contribution to the growth
of gold production within
Canada is that it actively seeks
progression. Currently debt
free, the company aims to
discover and develop further
resources within its current
project areas, doubling annual
production from approximately
15,000 ounces to 30,000 ounces.
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5. ANACONDA MINING
These figures refer in main to the Point Rousse
Project. Previously known as the ‘Pine Cove
Project’, it produces varied deposit types with a
cumulative twenty-kilometre strike length. Three
primary gold trends are currently being explored
within the project area; The Pine Cover, Stog’er
Tight and Romeo & Juliet deposits. All deposits
are within 8 kilometres of the Pine Cove Mill.
Anaconda believes that 1,000,000 ounces of gold
can be discovered and develop from multiple
deposits. With all deposits in close proximity to
the fully operational mill, Anaconda can afford to
develop smaller deposits around the Pine Cove
Mill; incremental analysis. The company boasts
strong relationships with both the provincial
and local governments, as well as universities,
colleges and various funding agencies.
From a statistical standpoint, Anaconda Mining
announced certain financial and operating
results for fiscal 2015, recording sales of 15,821
ounces of gold, which not only improved
dramatically from the previous year’s production
by 9%, but also showed a significant increase in
sales inclusively. The Point Rousse Project saw
Anaconda generating $22,234,072 in revenue,
Supplying the Mining and Mineral Exploration
Industries since 1968
We are pleased to have played a part in
Anaconda’s growth into a successful producer
and sincerely congratulate management and
all employees on that success.
P. O. Box 70, 151 Cpl. Bouzane Blvd.
Springdale, NL A0J 1T0
Tel: 709-673-3905
Fax: 709-673-4466
Email: hewmin@nf.aibn.com
Untitled-1 1 14/09/2015 09:57
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7. ANACONDA MINING
with an average sale price of $1,405 per ounce;
seeing a 10% increase in revenue from fiscal
2014. The rise in revenue was determined not
only due to the average sale price rising from
£1,384 per ounce in fiscal 2014, to $1,405 in
2015, but also due to the volume increase in
sales; 1,200 ounces higher than the prior fiscal.
The company’s mill processed over 343,000
tonnes of ore, 38,000 more than fiscal 2014. This
is largely due to the mill availability and overall
recovery increasing 92% and 84% respectively;
up from 88% and 83%, respectively.
These steady and prominent increasing
figures are a determining factor in Anaconda
Mining’s progressive attitude as the company
looks to acquire additional projects to raise its
annual production to approximately 100,000
ounces. The company’s latest acquisition of
Corkscrew gold property, with 100% undivided
interest is a certain step to stable growth. The
property consists of a 346.4-hectare mining
lease contiguous to the current Point Rousse
Project on the Ming’s Bight Peninsula. In addition
to including five gold occurrences located
within the Goldenville Trend on the Ming’s
Guy J. Bailey Ltd
325 Highway 410
Baie Verte, NL A0K 1B0
Canada
709 532 4642
Guy J. Bailey Ltd. is a family owned and operated business
located in Baie Verte, Newfoundland. Our Company prides
itself on being honest and providing reliable services to
our Community, we strive to meet the general contracting
needs of the people and business’located on the Baie Verte
Peninsula. A variety of these general contracting services
include snow removal, landscaping, aggregates, concrete,
equipment rental and transportation, and a daily freight
and shuttle service from Baie Verte to Corner Brook, NL.
Guy J. Bailey Ltd. has built an outstanding relationship with
Anaconda Mining Inc. Our Company provides and operates
all of the heavy equipment for the load haul dump activities
at the Pine Cove mine site which is owned by Anaconda
Mining Inc. In addition, we provide heavy equipment and
skilled labour for their crushing and exploration activities
along with other general contracting services.
Guy J. Bailey Ltd.
General contractors
• Compliance Monitoring
• Environmental Assessment and Remediation
• industrial Hygiene
• Occupational Exposure Assessment &
Management Programs
What you need to know.
709-754-4490 pinchinleblanc.com
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8. ANACONDA MINING
Bight Peninsula, Corkscrew
is a 3.5-kilometre section of
this trend immediately west
of the portion already under
the ownership of Anaconda.
Under this new agreement with
Seaside, Anaconda’s land share
within this Goldenville Trend
has doubled for a possible strike
length of eight kilometres. The
Goldenville Trend contains a
rock already known to host
gold deposits as seen in other
parts of the Baie Verte Mining
District; a prospective ironstone
formation. Anyone in the
Canadian mining industry will
confirm that with Anaconda’s
announcement of effectively
controlling all areas of interest
within the Point Rousse Project,
as well as full control of these
highly prospective group of
rocks under the Corkscrew
Seaside agreement, that
the company’s future in the
Canadian mining industry is
looking increasingly golden. In
a recent post on the company’s
website, Anaconda President
and CEO Dustin Angelo was
quoted saying the following:
“Our business plan includes
discovery and development
of a source of high-grade gold
which will be blended with the
existing baseload feed at the
Pine Cove Mill. The Goldenville
Trend, now including Corkscrew,
has the greatest potential to
host high-grade deposits, as
proven elsewhere within the
Baie Verte Mining District.”
Anaconda Mining is
a company committed
to responsible resource
development. The company
strategizes, monitors and
minimizes environmental
impact, guided by a Corporate
Environmental Policy that
consequently assists the
management of environmental
risks and develops effective
mitigation strategies aiming
to protect all stakeholders;
inclusive of the environment,
local community and its
employees. In regard to
employees, Anaconda provides
training that encourages active
participation in dialogue
pertaining to environmental
and community concerns,
as well as ensuring each and
every employee and contractor
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9. ANACONDA MINING
adheres to the Corporate
Environmental Policy. The
company’s policies strive to
develop, insinuate and operate
facilities that are based on an
efficient usage of energy as well
as resources and materials, even
after project closure.
A key strength and additional
reason for Anaconda’s
continued growth in output is
how the company deals with
difficulties such as climate
intervention. Winter weather
acted as an influential factor
towards Anaconda improving
its current production process.
For example, the company
modified its schedule and
overall approach to crushing
ore, introduced new reagents
to control dust and prevent
freezing, and thus managed
to reduce the climates overall
impact at the crusher and on
stockpiles. Moreover, Anaconda
improved the preventative
maintenance program, which
thus contributed to a reduction
in maintenance costs and a
significantly higher availability.
Anaconda also improved the
technology it uses when during
the production process, as
blast movement monitoring
technology and a GPS system
installed on the excavator
have maximized head grade
and reduced dilution from
20% to less than 10%. These
technological improvements
and climate considerations
have aided Anaconda Mining to
improve its overall production
and move forward in a time of
economic uncertainty.
Finally, the Argyle zone
was discovered by Anaconda
in the nine months ended
February, 28, 2015, as a
continued exploration project,
subsequently resulting from
the success of the Point Rousse
Project. The new discovery
is located approximately 5
kilometres from the Pine Cove
Mill, and includes two areas
of mineralization separated
by only 200 metres. The
significance of this discovery
is both the extension of
the Scrape Trend and the
demonstration of the possibility
of new discoveries being made
near the Pine Cove Mill. It
equally illustrates Anaconda’s
clear geological understanding
and strength of its exploration
model. There is no denying that
with the solidity of forward
thinking, proven in the omission
of waste and positive outlook
to expansion, that Anaconda
Mining Inc. is demonstrating
safety, integrity and reliab ility.
Brampton and Vancouver OfficesEstablished 2004
• Exploration Program Recommendations
• Geological Reports and Resource Estimates
• Open Pit and Underground Mine Design
• Preliminary Economic Assessments
• Pre-Feasibility Studies
• Feasibility Study Contribution
• 20 Associates (P.Geo. and P.Eng.)
• NI 43-101 Compliant Technical Reports
• Due Diligence Reviews for Potential Acquisitions
• More than 250 projects completed to date in
N & S America, Europe, Africa and Asia
• Gold, Silver, Base Metals, PGE, Diamonds
www.peconsulting.ca
Contact: 647-868-8526 • 905-595-0575 Ext 222
gene@peconsulting.ca • andrew@peconsulting.ca
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