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 has announced the final results of its infill drill program at the Stog'er Tight site, totaling 733 meters of a 5,158-meter effort. The results indicate promising mineralization that may expand the preliminary open pit area. They report several high grades of gold, including 8.46 g/t over 5 meters. Following this success, Anaconda will proceed with a geotechnical drilling program to support detailed pit design and gather environmental data. The company is also advancing its projects in Newfoundland and Nova Scotia.
Anaconda Mining Inc. reported gold production results for Q2 2021, achieving 3,201 ounces produced and $6.9 million in revenue. This represents a 26% increase from Q1 2021, with an average gold price of CA$2,197 per ounce sold. The company faced a 50% decrease in ore production due to a focus on mine development. Anaconda also secured a $3 million credit facility with RBC, improving liquidity. As of June 30, 2021, cash reserves stood at $14.6 million, with working capital of $11.7 million.
Anaconda Mining Inc. (TSX:ANX, OTCQX:ANXGF) announced a $1.5 million exploration program for summer and fall 2021 at its Point Rousse operation in Newfoundland. Funded by an $8.5 million flow-through financing, the program includes a 100-line km geophysical survey and 6,000 metres of diamond drilling targeting gold mineralization in three priority areas: the Scrape Trend, Goldenville Trend, and Deer Cove Trend. Highlights include promising drill intersections at Pumbly Point and Corkscrew, which suggest potential extensions to the mine life.
Anaconda Mining Inc. announced positive results from a 1,028-meter infill drilling program at the Stog'er Tight Deposit, part of a 5,158-meter initiative. The drilling, located 3 kilometers from the Pine Cove Mill, has shown promising mineralization, including 1.54 g/t gold over 29.4 meters. The results will inform resource modeling and pit design, with potential to extend the mine life at Point Rousse. The company is also progressing on environmental studies and permitting for development. Anaconda continues to operate the only producing gold mine in Newfoundland.
Anaconda Mining Inc. reports strong economic potential for its Goldboro Gold Project in Nova Scotia, with a pre-tax NPV of C$805 million and an IRR of 29.0%. The PEA indicates gold recovery of over 1.95 million ounces over a 17.6-year mine life, generated from both open pit and underground operations. The project could yield gross revenues of approximately C$3.9 billion, with an average annual production of 112,000 ounces in the initial years. A feasibility study is underway, expected in Q4 2021, while exploration for further resources continues.
Anaconda Mining Inc. announced the results of its diamond drill program at the Goldboro Gold Project in Nova Scotia and the Lower Seal Harbour Property. The Infill Drill Program successfully converted Inferred Resources to Measured and Indicated categories, targeting 27,400 ounces of gold. Highlights include significant finds, such as 9.47 g/t gold over 10.0 metres. Additionally, the Lower Seal Harbour program confirmed some mineralization but yielded lower-grade results. The Company is in a strong position to advance its feasibility study, supported by a recent $8.5 million financing.
Anaconda Mining Inc. has completed a private placement, raising $8.5 million by issuing 10,241,000 flow-through shares under an agreement with Raymond James Ltd. The funds will be allocated for Canadian exploration expenses related to their projects in Atlantic Canada, including the Goldboro Gold Project and the Tilt Cove Project. The shares are subject to a hold period until September 29, 2021, pending Toronto Stock Exchange approval. The proceeds are anticipated to bolster the company's growth trajectory in the mining sector.
Anaconda Mining Inc. held its annual and special meeting on May 27, 2021, where all proposed shareholder resolutions were approved. Key outcomes include the election of all listed directors, with Mary-Lynn Oke receiving 99.68% support. Additionally, PricewaterhouseCoopers LLP was reappointed as auditors. The meeting also saw the adoption of new by-laws. Anaconda focuses on gold mining in Canada, with significant resources at the Goldboro Gold Project, amounting to 1.9 million ounces Measured and Indicated and 0.8 million ounces Inferred as of March 30, 2021.
Anaconda Mining Inc. has announced an additional 6,327.3 metres from its 10,000 metre diamond drill program at the Tilt Cove Gold Project in Newfoundland. The drill program targeted gold deposits at East Pond and Betts Cove, revealing significant mineralization. Highlights include 4.99 g/t gold over 4.0 metres at East Pond and 1.74 g/t gold over 12.0 metres at Betts Cove. The exploration continues to show potential for high-grade deposits, with plans for further drilling and target identification aimed at exploiting the nearby Pine Cove Mill facilities.
FAQ
What is the market cap of ANXGF (ANXGF)?
