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Phoenix, Arizona–(Newsfile Corp. – October 8, 2019) – The Stock Day Podcast welcomed Anaconda Mining Inc. (OTCQX: ANXGF) (“the Company”), a gold mining, development, and exploration company, focused in Atlantic Canada. CEO of the Company, Kevin Bullock, joined Stock Day host Everett Jolly.
Jolly began the interview by noting that the Company is significantly undervalued and asked Bullock his opinion on their current valuation. Bullock explained that the Company should be reflecting a much higher value given numerous key metrics. Bullock then expanded on the Company’s challenges over the last few months, including problems with their Pine Cove Mill. However, he shared that the Company has since overcome these challenges; Their mill is now running at full capacity and a sample from the Goldboro Gold Project is currently being processed. “Both of the things that were keeping a cap on our stock are fixed and that news will get out.”
Jolly then asked about the progress of the Company’s Goldboro Gold Project. “We are about 50-60% of the way complete with a full feasibility study on that project.”, shared Bullock. “The plan is to build a mine that produces gold from an open pit for the first two years,” said Bullock, adding that the Company will simultaneously be working on the development of the underground portion of this deposit. “That will give us around 50,000 to 55,000 ounces per year from year three onwards.”
Bullock then expanded on the Company’s feasibility study. “We believe that we will have our feasibility study completed and out to the public before the end of the year,” said Bullock.
Jolly then asked about the Company’s Point Rousse Project, which is located in the Baie Verte Mining District. Bullock explained that the Company faced a few challenges with the Point Rousse Project in the second quarter, mainly in regards to the project’s mill. “We had to basically go through the mill and complete a maintenance program,” said Bullock. “As of the last couple of months, we’ve been operating at full capacity.”
Jolly noted that Bullock was recently appointed as the Company’s CEO and asked how he came to be involved with the Company. Bullock shared that he has extensive experience in the mining industry, starting off as a mining engineer and then shifting to the corporate side of this space. “I’ve had some successes and I saw the opportunity at Anaconda. We have the right building blocks to build something substantial,” said Bullock. “We just have to put things in place, get the market to understand what we’re doing, and then deliver on our promises.”
Bullock then expanded on the Company’s upcoming stock price catalysts. “One of the unique things about our company is that we are also an explorer,” said Bullock, adding that the Company has recently acquired a 20 kilometer property that has had a history of gold production with ample space remaining to be drilled. He further explained that the Company plans to begin drilling at this project in November at 4,000 meters with numerous targets. “We’re quite excited about the future.”
To close the interview, Bullock shared that the Company offers exploration, development, and production, which combine to differentiate the Company from other junior mining competitors and gives shareholders a higher chance of success. He further explained that the Company has a steady cash flow to fund its existing and upcoming projects, and is backed by an experienced and dedicated management team.
To hear Kevin Bullock’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7390293-anaconda-mining-inc-ceo-kevin-bullock-discusses-the-company-s-expansion-with-the-stock-day-po
Anaconda is a TSX and OTCQX-listed gold mining, development, and exploration company, focused in Atlantic Canada . The company operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility and deep-water port, as well as ~11,000 hectares of highly prospective mineral lands including those adjacent to the past producing, high-grade Nugget Pond Mine at its Tilt Cove Gold Project. Anaconda is also developing the Goldboro Gold Project in Nova Scotia , a high-grade resource and the subject of an on-going feasibility study.
This news release contains “forward-looking information” within the meaning of applicable Canadian and United States securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anaconda to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration, development and mining such as economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of current production, development and exploration activities, government regulation, political or economic developments, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with development activities, employee relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of resources, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Anaconda’s annual information form for the year ended December 31, 2018 , available on www.sedar.com. Although Anaconda has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Anaconda does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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