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Anaconda Mining withdraws Maritime Resources buyout offer

By: Marleny Arnoldi     12th July 2018 TSX-listed emerging miner Anaconda Mining on Thursday announced the withdrawal of its previously announced buyout bid to acquire all shares of Maritime Resources. “With the recently completed private placement, Maritime shareholders made it clear that they stood with management and wanted to... 

Anaconda withdraws higher offer for Maritime

By: Mariaan Webb     10th July 2018 Atlantic Canada-focused emerging miner Anaconda Mining on Tuesday rescinded its previously announced proposal to increase its offer price for explorer Maritime Resources, after the TSX-V-listed takeover target pushed through with a private placement financing. Anaconda last week announced that... 

Anaconda ups hostile Maritime offer by 28%

By: Marleny Arnoldi     4th July 2018 TSX-listed gold producer Anaconda Mining will offer shareholders in TSX-V-listed explorer Maritime Resources about 28% more for their shares, the company announced on Wednesday. Anaconda will increase its hostile offer from 0.39 to 0.50 of a common share for each Maritime share, provided that... 

Anaconda lifts Point Rousse resource estimate

By: Henry Lazenby     27th February 2018 Junior gold producer Anaconda Mining has filed a new resource estimate for its Point Rousse gold project, located near Baie Verte, in Newfoundland and Labrador. Effective from December 31, the latest resource estimate for the project comprise the Pine Cove, Stog'er Tight and Argyle deposits,... 

Anaconda outlines resource estimate for Argyle discovery

By: Henry Lazenby     9th January 2018 Junior gold producer Anaconda Mining has announced a new mineral resource estimate for its Argyle gold discovery, at the Point Rousse project, in Newfoundland and Labrador. The TSX-listed miner has reported a compliant indicated resource of 38 300 oz of gold, held in 543 000 t grading 2.19 g/t... 

Anaconda infrastructure gets major boost with approval of Pine Cove in-pit tailings storage

By: Henry Lazenby     7th September 2017 Eastern Canadian gold producer Anaconda Mining is set to ramp up the mining rate at its Point Rousse project’s Pine Cove pit, after the Newfoundland and Labrador Department of Natural Resources approved a plan to use the nearly depleted pit as a tailings storage facility. Anaconda had previously... 

Anaconda, Newfoundland university partner to study new ways to mine steeply dipping narrow gold veins

By: Henry Lazenby     22nd June 2017 TSX-listed Anaconda Mining has partnered with the Faculty of Engineering and Applied Science at Memorial University of Newfoundland (MUN) to research and develop, prototype and optimise a new technology to mine steeply dipping narrow gold veins that cannot be mined cost-effectively with existing... 

Orex acquisition ‘last puzzle piece’ for Anaconda to solidify regional presence

By: Henry Lazenby     31st March 2017 The acquisition by gold junior Anaconda Mining of Orex Exploration represents the “last piece of the puzzle” that Anaconda has been missing, adding a third compliant resource and geographically diversifying the portfolio. The all-scrip deal, valued at about C$13-million, is part of Anaconda’s... 

Anaconda to acquire Orex Exploration, adds third project with compliant resource to portfolio

By: Henry Lazenby     3rd March 2017 Junior gold producer Anaconda Mining has agreed to buy Orex Exploration through a court-approved plan of arrangement, giving Anaconda access to another high-grade gold deposit in Maritime Canada. Combining the two companies will create a single enterprise with expanded mineral resources, most of... 

Anaconda sells 3 300 oz of gold produced at Newfoundland project

By: Henry Lazenby     22nd March 2016 Gold producing junior Anaconda Mining has sold 3 266 oz of gold during the third quarter of the company’s 2016 financial year, generating C$4.98-million in revenue at an average realised price of C$1 527/oz, the company reported on Monday. For the three months ended February 29, the Pine Cove... 

Anaconda reports record gold output from Newfoundland mine

By: Henry Lazenby     14th December 2015 TSX-listed Anaconda Mining has produced record gold from its Pine Cove gold mine, in Newfoundland, boosting the sales volume and company revenue for the second quarter of fiscal 2016. The Toronto-headquartered miner sold 4 605 oz of gold during the three months ended November 30, at an average... 

Anaconda targeting 'aggressive organic growth' from Newfoundland platform

By: Henry Lazenby     12th August 2015 TSX-listed Anaconda Mining, the only pure play gold miner east of Quebec, has set itself the goal of roughly doubling its current gold output through aggressive organic growth and a loftier target of adding about 100 000 oz/y to its portfolio through mergers and acquisitions (M&As). Speaking at... 

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