MONCTON, NB, May 16, 2016 /CNW/ - On Thursday May 12, 2016, Atlantic Business Magazine
announced that Dustin Angelo, CEO of
Anaconda Mining Inc. (TSX: ANX) was named one of Atlantic Canada's Top 50 CEO's for 2016.
Angelo, along with VP Operations, Allan
Cramm, attended the Gala Award Ceremony held at the Delta
Beausejour Hotel in Moncton, NB,
emceed by "This Hour Has 22 Minutes" host Mark Critch.
VP Operation Allan Cramm, stated, "It's wonderful to see Dustin
recognized as a business leader in Atlantic Canada. Under his guidance, Anaconda
has gone from a company that was just keeping its head above water
to a growth oriented, sustainable and profitable mining enterprise.
Working with provincial suppliers and community partners, Anaconda
is advancing economic and social development on the Baie Verte Peninsula and beyond."
"As CEO of Anaconda since 2010, Dustin has directed company
growth to annual gold production of nearly 16,000 ounces and annual
revenue to over $20 million. This was
accomplished while also eliminating all interest bearing debt. By
harnessing innovation and creative solutions, Anaconda is well
positioned under Dustin's leadership for an exciting future."
~ Tim Casgrain, Chairman of the
Board of Directors, Anaconda Mining
Since 1999, Atlantic Business Magazine has dedicated one issue
each year to profiling Atlantic
Canada's most accomplished business leaders. Nominations are
submitted by readers of the magazine and nominees are judged on
their corporate, community and industry involvement, their
company's growth in recent years, and their responses to various
managerial challenges.
http://www.atlanticbusinessmagazine.net/article/18th-annual-top-50-ceo-awards/
ABOUT ANACONDA MINING
Anaconda Mining is a growth-oriented, gold mining and
exploration company with a producing project called the Point
Rousse Project and an exploration/development project called the
Viking Project in Newfoundland.
The Point Rousse Project is approximately 6,300 hectares of
property on the Ming's Bight Peninsula located in the Baie Verte
Mining District in Newfoundland,
Canada. Since 2012, Anaconda has increased its property
control by ten-fold on the peninsula and gold production to nearly
16,000 ounces per year. In an effort to expand production, it is
currently exploring three primary, prospective gold trends, which
have approximately 20 km of cumulative strike length and include
five deposits and numerous prospects and showings, all within 8 km
of the Pine Cove mill.
Anaconda also controls the Viking Project, which has
approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 km by water
(180 km via road) from the Pine Cove mill. The project contains the
Thor Deposit and other gold prospects and showings. The company's
plan is to discover and develop more resources within these project
areas and double annual production at the Pine Cove mill from its
current rate of nearly 16,000 ounces to 30,000 ounces.
As the only pure play gold producer in Atlantic Canada, Anaconda Mining is turning
the rock we live on into a growing and profitable resource. With a
young and motivated workforce, innovative technology and the
support of local suppliers, Anaconda is investing in the people of
Newfoundland & Labrador and
giving back to the communities in which we
operate – building a better future for all our
stakeholders, from the ground up.
FORWARD-LOOKING STATEMENTS
This document contains or refers to forward-looking information.
Such forward-looking information includes, among other things,
statements regarding targets, estimates and/or assumptions in
respect of future production, mine development costs, unit costs,
capital costs, timing of commencement of operations and future
economic, market and other conditions, and is based on current
expectations that involve a number of business risks and
uncertainties. Factors that could cause actual results to differ
materially from any forward-looking statement include, but are not
limited to: the final approval of the private placement by the
Toronto Stock Exchange; the grade and recovery of ore which is
mined varying from estimates; capital and operating costs varying
significantly from estimates; inflation; changes in exchange rates;
fluctuations in commodity prices; delays in the development of the
any project caused by unavailability of equipment, labour or
supplies, climatic conditions or otherwise; termination or revision
of any debt financing; failure to raise additional funds required
to finance the completion of a project; and other factors.
Additionally, forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on
the business. Forward-looking statements may include words such as
"plans," "may," "estimates," "expects," "indicates," "targeting,"
"potential" and similar expressions. These forward-looking
statements, including statements regarding Anaconda's beliefs in
the potential mineralization, are based on current expectations and
entail various risks and uncertainties. Forward-looking statements
are subject to significant risks and uncertainties and other
factors that could cause actual results to differ materially from
expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are
made as of the date hereof and we assume no responsibility to
update them or revise them to reflect new events or circumstances,
except as required by law.
SOURCE Anaconda Mining Inc.