Anaconda Mining Inc. is a Canadian gold producer and explorer focused on advancing its portfolio of assets in eastern Canada. The company’s primary activity centers on the extraction, processing and sale of gold from its Point Rousse Project on Newfoundland’s Baie Verte Peninsula. Anaconda Mining operates the Pine Cove Mill and Highland Valley open-pit mine, employing conventional drilling, blasting and milling techniques to deliver dore bars to regional refineries. In addition to its producing mine, the company maintains an active exploration program designed to delineate new resources along strike extensions of known deposits.
At Point Rousse, Anaconda Mining oversees a fully integrated operation that combines underground development at the Whale Tail deposit with surface mining at the Pine Cove open pit. The Pine Cove Mill, with a capacity of approximately 750 tonnes per day, has processed ore from multiple zones, including East Pond and Stog’er Tight, generating steady gold production since 2018. Beyond Newfoundland, the company holds the Goldboro Project in Nova Scotia, where it has completed pre-feasibility studies to assess the economics of an underground high-grade development scenario.
Originally established through a series of acquisitions and property partnerships beginning in the early 2010s, Anaconda Mining traces its roots to junior exploration ventures in Atlantic Canada. The corporate headquarters are located in Toronto, with a regional office in Stephenville, Newfoundland that supports mine site operations. Over its history, the company has invested in community relations and environmental stewardship, engaging with local stakeholders to secure permits and advance social license for its projects.
Governed by an experienced board of directors and led by a management team with deep expertise in mining development, operations and capital markets, Anaconda Mining continues to prioritize resource growth and operational efficiencies. The company’s strategic focus remains on extending mine life at Point Rousse while advancing the Goldboro Project through detailed engineering studies and targeted exploration drilling. Through these efforts, Anaconda Mining seeks to create long-term shareholder value by building a sustainable, multi-asset gold producer in Atlantic Canada.
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