Anaconda Sets New Production RecordBaseload production remained consistent at Pine Cove for the 2015 Fiscal Year.
"These achievements were set during the end of a very harsh winter and despite a major flood in the pit which slowed mining activities during the fourth quarter.......Mill availability benefited in the fourth quarter from continued preventative maintenance activities while throughput benefited from the installation of a new cyclone feed pump motor which removed a previous bottleneck from the circuit...... Waste production increased in the fourth quarter as the operations focused on preparing the Phase III pit area. Phase III is the next phase of development for the open-pit operation."
https://www.anacondamining.com/news-152-anaconda-mining-sets-annual-production-records-and-sells-nearly-16,000-ounces-of-gold-in-fiscal-2015
Learning as Anaconda grows has resulted in more efficient methods in the development of the Pine Cove Mine/Mill. Cash flow from production has resulted with slow and steady organic growth. Being Debt Free is comforting during these economic times for the mining industry. A lot of junior mining companies that have been in the exploration stage only, have suffered. This has resulted in many companies having to close their doors. The end of this 10 year cycle is near and in my opinion it looks like Anaconda's future increased production will coincide with the new cycle for the demand of the mining industries metals. I'm sure looking forward to see the gold price slingshot past it's previous high of $1,900/oz.
GLTA!!!! Cheers!!!!