Successful productions by Anaconda for 12054 ounces of Gold during 2021

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#1 Wed, Feb 16, 2022 - 11:00am
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Successful productions by Anaconda for 12054 ounces of Gold during 2021

Successful productions by Anaconda for 12054 ounces of Gold during 2021

Accomplishment in 2021

During 2021 Anaconda produced12,054 ounces of gold with the point Rousse operation as per their assessment to produce 12.000 ounces of gold in the year

During their research in September 2021 They observed diluted form of gold in Mine which is about 529,100 tons normally 1.99 grams per ton ("g/t") gold having 33,850 ounces.

Joint mineral reserves help out for healthy finance and they use the cash of $ 18.4 M by the deduction of taxes NPV (5%) of $17.4 million with an IRR of 1,631%, using a base case gold price of $2,000 (US$1,550) 1.

In 2021 they sell 12,218 ounces of gold and they got the return of $ 27.6 million from metal that stands for the gold price2 of C$2,261 (US$1,804) per ounce of gold.

As per the December 31 2021,Anaconda have the primary working capital of $ 1.4 million with a cash balance of $ 10.1 million and the credit facility of 3.0$ million give them more strength

To continue probability on Gold Boro project they paid the amount of $ 5.0 million and ecological evaluation Document will be able to payback with in coming 9 months with the supply of overall 2,273 ounces of gold

Their preparation for 2022:

21,500-23,000 ounces of gold productions and sales are determined in 2022 appearing the yearly Top productions

Functional cash costs per ounce sold2 among $1,150 and $1,250 per ounce of gold (US$920 - US$1,000 at an estimated exchange rate of 0.80).

ABOUT ANACONDA:

Anaconda Mining is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in the top-tier Canadian mining jurisdictions of Newfoundland and Nova Scotia