Normal0falsefalsefalseEN-USX-NONEAR-SAAnacondaproduced 12,054 ounces of gold in 2021
2021Highlights
Withthe point Rousse operation Anaconda produced 12,054 ounces of gold in 2021asper their yearly planned to produce 12,000 ounces of gold in 2021.
In September 2021 theyanalyzed with the mine of minerals/Diamonds that it also includes thinnerform of gold about 529,100 tons typically 1.99 grams perton ("g/t") gold containing 33,850 ounces.
With the affiliation ofArgyle in mineral reserves it boost the finance and keep the stable value ofcash flows of $ 18.4 million and after paying the taxes NPV (5%) of $17.4million with an IRR of 1,631%, using a base case gold price of $2,000(US$1,550) 1.
TheCompany sold 12,218 ounces of gold in 2021, generating metal revenue of $27.6million at an average realized gold price2 of C$2,261 (US$1,804) per ounce ofgold.
Anacondagot the income of $ 27.6 million by metal they sold out 12,218 ounces of goldin 2021 and the typical gold price 2 of C$2,261( US$ 1,804) per ounce of gold
Yearlyachievement of Pine Cove mill is 446,562 in 2021 Although as to compare weakplanned ball mill and crusher downtime in Q1 2021.Even with the low qualityoutline the mill recover 86.5% in the year
Companyhad a cash balance of $ 10.1 million as of December 31 ,2021 with a primaryworking capital of $ 1.4 million and they have also solidity of 3.0$ millionmillion from an undrawn revolving line of credit facility.
Company also paid a sum of $ 5.0 millionfor a feasibility study on Gold boro project environmental assessmentregistration document capable to reimbursed with the next nine months by thesupply 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 bestproduction 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 exchangerate of 0.80).
Sustained progression of the expandedStog'er Tight Mineral Resource, which now includes 62,300 ounces ofIndicated Mineral Resource and 9,600 ounces of Inferred Mineral Resourcewithin constrained open pit shells.
ABOUT ANACONDA:
Anaconda Mining is a TSX and OTCQX-listedgold mining, development, and exploration company, focused in the top-tierCanadian mining jurisdictions of Newfoundland and Nova Scotia
