HALIFAX, June 10, 2016 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") - (TSX:ANX) was recognized today as one of the Best Places to Work in Atlantic Canada by Progress Magazine and Best Companies Group.
Anaconda Mining, the only mining company to make the prestigious list, was represented by Allan
Cramm, VP and General Manager and Kyle Payne, Lab Technician.
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"Anaconda is a great place to work. The positive atmosphere and
energy from the people on site is awesome. On the job training and opportunities to learn from others is important to me.
The people on site all work together, including senior management who are close to employees, so we all feel connected."
~ Kyle Payne, Lab Technician, Anaconda Mining Inc.
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"At Anaconda we sincerely respect our employees. We are open
with them about operations, finances and plans for the future. We take guidance from our employees to continually improve.
We encourage them to pursue innovative ideas and initiate new, better and safer ways to work."
~ Allan Cramm, VP & General Manager, Anaconda Mining
Inc.
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"As President & CEO of Anaconda Mining, I am really proud
that our employees consider us to be one of the best places to work in Atlantic Canada. Our success is largely due to the
commitment of our employees, contractors and broader community."
~ Dustin Angelo, President & CEO, Anaconda Mining
Inc.
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The Best Places to Work in Atlantic Canada awards ceremony was held in Halifax, Nova Scotia. Companies are profiled in a special publication now available by Progress
Magazine in Vol.23 No.02 (June 2016).
ABOUT BEST PLACES TO WORK SURVEY & AWARDS
The best places to work survey and awards program was designed to identify, recognize and honor the best employers in
Atlantic Canada, benefiting the region's economy, workforce and businesses. The list is made up of
30 companies. Companies from across the region entered the two-part survey process to determine the Best Places to Work in
Atlantic Canada. The first part consisted of evaluating each nominated company's workplace
policies, practices, and demographics. This part of the process was worth approximately 25% of the total evaluation.
The second part consisted of an employee survey to measure the employee experience. This part of the process was worth
approximately 75% of the total evaluation. The combined scores determined the top companies and the final ranking. Best Companies
Group managed the overall registration and survey process in Atlantic Canada, analyzed the data
and determined the final rankings.
For more information on the Best Places to Work in Atlantic Canada program, visit www.BestPlacesToWorkAtlantic.com
ABOUT ANACONDA
Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse
Project and an exploration/development project called the Viking Project in Newfoundland.
The Point Rousse Project is approximately 6,300 hectares of property on the Ming's Bight Peninsula located in the Baie Verte
Mining District in Newfoundland, Canada. Since 2012, Anaconda has increased its property control
by ten-fold on the peninsula and gold production to over 16,000 ounces per year. In an effort to expand production, it is currently
exploring three primary, prospective gold trends, which have approximately 20 km of cumulative strike length and include five
deposits and numerous prospects and showings, all within 8 km of the Pine Cove mill.
Anaconda also controls the Viking Project, which has approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 km by water (180 km via road) from the Pine Cove mill. The project contains
the Thor Deposit and other gold prospects and showings. The Company's plan is to discover and develop more resources within these
project areas and double annual production at the Pine Cove mill from its current rate of over 16,000 ounces to 30,000
ounces.
As the only pure play gold producer in Atlantic Canada, Anaconda Mining is turning the rock we
live on into a growing and profitable resource. With a young and motivated workforce, innovative technology and the support of
local suppliers, Anaconda is investing in the people of Newfoundland & Labrador and giving
back to the communities in which we operate – building a better future for all our stakeholders, from the ground up.
FORWARD-LOOKING STATEMENTS
This document contains or refers to forward-looking information. Such forward-looking information includes, among other
things, statements regarding targets, estimates and/or assumptions in respect of future production, mine development costs, unit
costs, capital costs, timing of commencement of operations and future economic, market and other conditions, and is based on
current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ
materially from any forward-looking statement include, but are not limited to: the final approval of the private placement by the
Toronto Stock Exchange; the grade and recovery of ore which is mined varying from estimates; capital and operating costs varying
significantly from estimates; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of
the any project caused by unavailability of equipment, labour or supplies, climatic conditions or otherwise; termination or
revision of any debt financing; failure to raise additional funds required to finance the completion of a project; and other
factors. Additionally, forward-looking statements look into the future and provide an opinion as to the effect of certain events
and trends on the business. Forward-looking statements may include words such as "plans," "may," "estimates," "expects,"
"indicates," "targeting," "potential" and similar expressions. These forward-looking statements, including statements regarding
Anaconda's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties.
Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause actual results to
differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and we assume no responsibility to update them or revise them to reflect
new events or circumstances, except as required by law.
SOURCE Anaconda Mining Inc.
Image with caption: "Allan Cramm, VP & General Manager, and Kyle Payne, Lab Technician, accepting the Best Places to Work in
Atlantic Canada award on behalf of Anaconda Mining. (CNW Group/Anaconda Mining Inc.)". Image available at: http://photos.newswire.ca/images/download/20160610_C5277_PHOTO_EN_710652.jpg
