Anaconda Mining Sells a Record 4,658 Ounces of Gold in the Fourth Quarter FY2017

Anaconda Mining Inc. (“Anaconda” or the “Company”) (TSX:ANX) is pleased to announce production results and certain financial information from the fiscal fourth quarter and full year ended May 31, 2017. All dollar amounts are in Canadian Dollars. The Company expects to file its full financial statements by August 25, 2017.
As quoted in the press release:

President and CEO, Dustin Angelo, stated, “Despite challenging weather conditions impacting mining rates, Anaconda Mining was able to achieve record quarterly gold sales of over 4,600 ounces at the Point Rousse Operation. The Pine Cove Mill continues to maintain strong levels of productivity due to continued maintenance and availability at 98% during the fourth quarter of fiscal 2017. Looking ahead, the Company is poised to grow through the development of the newly acquired Goldboro Project in Nova Scotia, and the continued exploration success in the Point Rousse Project area, such as the Argyle discovery. Leveraging existing mill and tailings infrastructure, Anaconda is positioned to increase production through organic growth from its portfolio of exploration and development properties, in addition to evaluating other potential growth opportunities in Atlantic Canada.”

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