RE:RE:Q1 production and forecast Its not a good excuse as Anaconda Mining has missed production targets big time due to poor maintenance and constant equipment breakdowns, resulting in a potential opportunity cost of up to $4.8 million (based on Gold Futures at $2,400 Canadian per ounce multiplied by up to 2,000 ounces lost from same quarter last year), their cost management is getting worse as it increased from $1,450 per ounce to $1,650 per ounce (which is an additional $,623,800 in lost profits), and now they won't make a diligent enough effort to make up for thier lost performance.
With other gold companies getting more competitive, notably Vulcan Minerals, Altius Minerals, Sokoman Minerals, Vulcan Minerals, and Marathon Gold, now is the time for Anaconda Mining to get their act together.
Anaconda Mining investors will pay a price for not meeting their production targets as the first quarter report will likely show a lost, and investment firms will downgrade the stock.
At a time when Gold Futures are recovering, and other major Newfoundland and Labrador gold exploration and extraction companies catching up, especially Sokoman and Marathon, now is not the time for Anaconda to squander their opportunities.