Anaconda Mining Inc. reported consolidated earnings and production results for the second quarter and six months ended November 30, 2016. For the quarter, the company sold 4,388 ounces of gold and generated $7,411,279 in revenue at an average sales price of $1,689 per ounce. Net income was $723,181 against $766,040 a year ago. Adjusted net earnings were $701,273 against $741,293 a year ago. Purchase of property, mill and equipment was $688,160 against $832,904 a year ago. Purchase of exploration and evaluation assets was $1,229,452 against $438,688 a year ago. EBITDA was $2,359,601 against $2,032,078 a year ago.

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.