TORONTO (miningweekly.com) – TSX-listed Anaconda Mining has lifted its full-year 2016 gold output to a record 16 080 oz of gold, boosted by record ore production from the Point Rousse project and record throughput and availability in the Pine Cove mill, despite being challenged by grade.
The volume of gold produced and sold generated full-year revenue of C$24.44-million, at an average sale price of C$1 520/oz.
“During the fourth quarter, the mill was able to periodically achieve throughput levels above 1 300 tonnes-per-operating-day, as the team continued to work on optimising performance. Beyond the Pine Cove pit, we mined, on a limited basis, the Stog'er Tight deposit and successfully demonstrated the positive impact of blending higher-grade ore with Pine Cove ore, which is a key part of our strategic plan going forward,” stated president and CEO Dustin Angelo.
Anaconda advised that, when compared with fiscal 2015, sales volume and revenue increased by 2% and 10%, respectively.
The company expected to file its full financial statements by August 26.