Mr. Dustin Angelo reports
ANACONDA MINING REPORTS RECORD GOLD PRODUCTION AT PINE COVE: 344.2 TROY OUNCES IN A SINGLE POUR
AnacondaMining Inc., on May 4, 2011, shipped a record amountof gold, 344.2 troy ounces, in a single pour at its Pine Cove goldmine. The production was during an approximately seven-day periodfrom April 25 through May 1. In addition, overall recovery rates atthe Pine Cove mill continue to improve. In the press release dated May2, 2011, Anaconda reported that overall recovery had reached the low tomid-70-per-cent range. During the period from May 1 through May 15,overallmill recovery was approximately 80 per cent.
President and chief executive officer, Dustin Angelo, stated: "Following up the recordshipments in April with our largest single gold pour in the first weekof May demonstrates the continued progress at Pine Cove. Ore throughputcapacity has been very consistent at 950 to 1,000 tonnes per day forseveral weeks, and now the overall mill recovery rate is reachinganticipated levels. At this rate, we expect May's shipments to exceedApril's volume."