When the company's Pine Cove pit mine stops producing in about eight months, work will begin to turn it into a tailings storage facility with capacity of up to 7 million tonnes.
ANACONDA MINING INC. Mining News
Multiple occurrences of visible gold and assays with high-grade tenor were observed in their five-hole diamond drill program
Canadian gold miner Anaconda Mining Inc posted a fifth-straight quarterly loss, but expenses were lower from a year-ago levels and production rose sequentially. Net loss for the third quarter was $1.9 million, or 1.5 cents a share, compared with a loss of $2.2 million, or 2.5 cents per share, a year ago.