Podcast #58 Anaconda Mining Inc

Anaconda Mining Inc. (TSX: ANX, OTCQB: ANXGF, Forum) is a name that is familiar to Stockhouse investors in general, and gold mining investors in Atlantic Canada in particular. For the past 10 years, this TSX-listed gold mining company has been the only gold-producer in the Province of Newfoundland.

In a full-length feature article from January 25, 2018; investors learned about Anaconda’s unique consolidation strategy. This is aimed at boosting its gold production and adding additional ounces-in-the-ground in a very cost-effective manner for the Company and its shareholders.

ANX’s currently producing mine is the Pine Cove Mine (and Mill), part of the Company’s Point Rousse Project, located in Newfoundland’s Baie Verte Mining District. Anaconda is also developing its high-grade Goldboro Gold Project, located in Nova Scotia. However, over the long term, the Company’s largest growth-driver is its Atlantic Canada consolidation strategy.

On April 13, 2018; ANX took an important first step in this strategy when it announced a formal takeover offer for Maritime Resources Corp. (TSX: V.MAE). This is a “hostile” offer in the sense that MAE’s management has refused to engage in a dialogue with Ananconda with respect to combining their operations.

Stockhouse recently had the opportunity to talk with ANX’s President and CEO, Dustin Angelo. We wanted to get more information for the Stockhouse audience on this particular take-over offer and the overall consolidation strategy.

 

FULL DISCLOSURE: Anaconda Mining Inc is a paid client of Stockhouse Publishing.