Anaconda produced 12,054 ounces of gold in 2021

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#1 Wed, Mar 2, 2022 - 9:59am
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Anaconda produced 12,054 ounces of gold in 2021

2021 Highlights

With the point Rousse operation Anaconda produced 12,054 ounces of gold in 2021as per their yearly planned to produce 12,000 ounces of gold in 2021.

In September 2021 they analyzed with the mine of minerals/Diamonds that it also includes thinner form of gold about 529,100 tons typically 1.99 grams per ton ("g/t") gold containing 33,850 ounces.

With the affiliation of Argyle in mineral reserves it boost the finance and keep the stable value of cash flows of $ 18.4 million and after paying the 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.

The Company sold 12,218 ounces of gold in 2021, generating metal revenue of $27.6 million at an average realized gold price2 of C$2,261 (US$1,804) per ounce of gold.

Anaconda got the income of $ 27.6 million by metal they sold out 12,218 ounces of gold in 2021 and the typical gold price 2 of C$2,261( US$ 1,804) per ounce of gold

Yearly achievement of Pine Cove mill is 446,562 in 2021 Although as to compare weak planned ball mill and crusher downtime in Q1 2021.Even with the low quality outline the mill recover 86.5% in the year

Company had a cash balance of $ 10.1 million as of December 31 ,2021 with a primary working capital of $ 1.4 million and they have also solidity of 3.0$ million million from an undrawn revolving line of credit facility.

Company also paid a sum of $ 5.0 million for a feasibility study on Gold boro project environmental assessment registration document capable to reimbursed with the next nine months by the supply of a total 2,273 ounces of gold

In 2022 they planned for the sales & Gold productions between 21,500 -23,000 ounces and this will be the best production of the year.

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).

Sustained progression of the expanded Stog'er Tight Mineral Resource, which now includes 62,300 ounces of Indicated Mineral Resource and 9,600 ounces of Inferred Mineral Resource within constrained open pit shells.

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

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