Anaconda Mining Inc. Reports Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended November 30, 2016
For six months, the company sold 7,307 ounces of gold and generated $12,331,016 in revenue at an average sales price of $1,688 per ounce. Net income was $343,616 against $581,121 a year ago. Adjusted net earnings were $306,440 against $567,075 a year ago. Purchase of property, mill and equipment was $1,387,530 against $1,484,170 a year ago. Purchase of exploration and evaluation assets was $1,986,522 against $760,878 a year ago. Additions to production stripping assets were $1,283,856 against $414,397 a year ago. EBITDA was $2,964,380 against $2,972,055 a year ago.
For the quarter, total production (tonnes) was 724,746 against 635,665 a year ago.
For six months, total production (tonnes) was 1,723,171 against 1,382,771 a year ago.