Anaconda Mining Financial Performance Is Concerning Seems that Anaconda Mining are suffering from financial management issues as revenues are down considerably from the "Same Quarter Last Year", and they operating income is over $4 million lower from "Same Quarter Last Year" resulting in a massive quarterly loss of $2,202,251 and nearly $4.7 million loss so far this year.
Furthermore, Anaconda Mining was once the lowest cost minining company in Canada but now its becoming the most expensive with production cost nearly doubled at US $2,577 per ounce.
Time for Anaconda Mining to get their costs under control or face possible bankruptcy in the next year.