Adelaide Capital, Anaconda Zoom meeting today Anaconda Mining (TSXV: ANX) Investor Update Webinar
Nov 12, 2020 02:00 PM
Eastern Time (US and Canada)
-Newfoundland/Eastern Canada has become hotter with recent discoveries (New Found Gold), Atlantic Gold transaction, etc. Anaconda has major competitive advantages with its highly prospective properties by past-producing high grade gold mines, existing infrastructure that can fast track from discovery to production, and a strong treasury and continued free cash flow generation
Anaconda Mining:
10+ years of gold production in Atlantic Canada – excellent infrastructure, skilled workforce with no camp required, favourable jurisdiction and currency benefit
New management has created an aggressive growth strategy with a focus on late stage gold exploration and development of production
Spun out grassroots exploration projects into Magna Terra
Robust balance sheet and FCF generation
Targeting 150k oz Au production in 3-5 years. Current 2020 guidance of 18,000 – 19,000 oz so huge growth potential.
Company-wide resources of 818,170 oz Au Measured and Indicated and 763,290 oz Au Inferred predominantly at Goldboro +20km of prospective strike in a prolific mining camp which hosts five known gold deposits and two past producing high-grade gold mines
Undervalued vs peers
Upcoming catalysts:
-5 drills turning company-wide with over 20k metres in the next few months
- Large drill program underway at Tilt Cove, anticipating higher grade results
- 15,000m infill drill program at Goldboro to support the ongoing feasibility study. Optimizations and some positive changes expected.
- Additional 4,000m drill program at Stog’er Tight
- Point Rousse – continue FCF generation, expand resource/LOM, including at Argyle where development has commenced and ore is being delivered, and through further drilling following up on high-grade results from Stog’er Tight.
-Extension of mine life in Newfoundland is looking better with discovery and continued drilling of Stog’re Tight Extension (Zone 278) which could be the next mine after Argyle.