Welcome to our dedicated page for ANXGF news (Ticker: ANXGF), a resource for investors and traders seeking the latest updates and insights on ANXGF stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ANXGF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ANXGF's position in the market.
Anaconda Mining Inc. has appointed Ted Kavanagh to its Board of Directors, bringing over 40 years of experience in exploration and mine finance. Previously, Kavanagh worked in corporate finance for major banks like Société Générale and HSBC. His expertise is expected to support the advancement of the Goldboro Gold Project in Nova Scotia, which holds significant mineral resources. Anaconda also operates in Newfoundland, including the Pine Cove Mill. The company is focused on enhancing its growth strategy and is currently conducting a feasibility study on Goldboro.
Anaconda Mining reports its Q3 2021 financial results, highlighting gold sales of 2,574 ounces, generating C$5.8 million in revenue at an average price of C$2,242 per ounce. The company has revised its 2021 production guidance down to approximately 12,000 ounces due to slower mine development at Argyle, increasing operating cash cost guidance to C$2,150 - C$2,200 per ounce. Despite challenges, Anaconda anticipates a record production year in 2022, driven by growth in the Stog'er Tight Deposit, with 62,300 ounces of indicated resources.
Anaconda Mining has released an updated Mineral Resource Estimate for the Stog'er Tight Deposit at the Point Rousse Project, categorized under National Instrument 43-101.
The Indicated Mineral Resource is 642,000 tonnes at 3.02 g/t gold, totaling 62,300 ounces, while Inferred Mineral Resource stands at 53,000 tonnes at 5.63 g/t gold for 9,600 ounces. Development work is underway to convert these resources into reserves, with results anticipated in Q4 2021. Environmental baseline studies are also in progress, supporting the future submission of an environmental registration document.
Anaconda Mining has released its Q3 2021 production results, reporting gold production of 2,218 ounces, a significant 61% decrease compared to Q3 2020 due to a focus on mine waste development at the Argyle site. The company has revised its 2021 guidance to approximately 12,000 ounces due to delays in accessing higher-grade ore. Anaconda expects 29,500 ounces from Argyle in the next 14 months, supported by an updated Mineral Reserve of 33,850 ounces. The cash balance stands at $10.6 million as of September 30, 2021.
Anaconda Mining has announced the completion of an infill diamond drilling program at its 100%-owned Goldboro Gold Project. The program aimed to upgrade inferred mineral resources in a potential underground development area. Key highlights include assays from 10 drill holes, revealing significant gold grades, such as 7.88 g/t over 7.9 meters. The recently released Preliminary Economic Analysis (PEA) indicates a robust after-tax NPV of $547 million and a 24.4% IRR, promising a life of mine gold production of 112,000 ounces annually for over 17 years. The company is working on a Feasibility Study expected in Q4 2021.
Anaconda Mining announced promising results from diamond drilling at its 100%-owned Goldboro Gold Project, aimed at supporting a Feasibility Study. The program involved 3,445.5 metres of drilling across 18 holes, revealing significant gold mineralization such as 2.21 g/t gold over 11.0 metres in hole BR-21-259. The recent Preliminary Economic Analysis indicates a potential long mine life exceeding 17 years, with an after-tax NPV of $547 million and an IRR of 24.4% at a gold price of $1,550/oz. A further 10,000 metres of drilling has been initiated to expand on these findings.
Anaconda Mining has announced positive assay results from its recent geotechnical and environmental drill programs at Stog'er Tight and Argyle Gold Mine. The Stog'er Tight Drill Program yielded significant gold intersections, including 1.81 g/t over 30.0 metres. The Argyle Drill Program also reported favorable results, with 5.72 g/t over 7.0 metres. These results support updated Mineral Resource and Reserve estimates, enhancing the potential for extended mining operations. Anaconda is advancing its plans for environmental assessments and exploration programs, targeting further development in the upcoming quarters.
Anaconda Mining announced the filing of a technical report for its Goldboro Gold Project, revealing strong economic indicators. The project shows an after-tax NPV of C$547 million and an IRR of 24.4% based on a C$2,000 gold price. The pre-tax NPV is C$805 million, with an IRR of 29.0%. Over 1.95 million ounces of gold are expected from a mine life of 17.6 years, generating C$3.9 billion in gross revenue. Initial capital costs are pegged at C$286 million, leading to a 1.9 ratio of NPV to capital. Operating costs are estimated at C$862 per ounce sold.
Anaconda Mining Inc. has launched exploration programs at its Tilt Cove Gold Project in Newfoundland, with an initial budget of $1.25 million. The project covers over 11,000 hectares of land and includes high-grade gold intercepts from previous drilling. The exploration aims to advance understanding of the mineralization at key sites including East Pond and Betts Cove, targeting approximately 4,000 metres of diamond drilling. Highlights include a history of producing 168,748 ounces of gold at the nearby Nugget Pond Mine with an average grade of 9.85 g/t.
Anaconda Mining reported its Q2 2021 results, generating $6.9 million from the sale of 3,156 ounces of gold at an average price of $2,197 per ounce. The Point Rousse operation produced 3,201 ounces, a 26% increase from Q1 2021, despite a 12% decline compared to Q2 2020 due to lower ore grades. The company incurred a net loss of $2.2 million, with operating cash costs of $2,144 per ounce. Strengthening liquidity, Anaconda secured a $3 million credit facility. Cash balance stood at $14.6 million as of June 30, 2021.
FAQ
What is the market cap of ANXGF (ANXGF)?
