In light of Anaconda Mining's poor Quarter 1 2021 financials, including a cash balance that is down significantly, missed earnings targets at -0.02 cents a share as opposed 0.01 cents per share projected, and a net loss of nearly $2.5 million a joke, looks like this aspiring mining star has to get its act together or the stock will return to 2018 and 2019 levels when they were at record lows.
As a result of this missed opportunity, Anaconda Mining is not taking advantage of the recent gold price hike as their stock goes down while gold goes up.
Usually, when gold prices go up, gold stocks also go up.
This bad performance was a reason why I voted to withhold Kevin Bullock's nomination for President.
Its time for Anaconda Mining to get its act together to capitalize on a once in a lifetime opportunity for high gold prices, including cutting costs and increasing production.