Anaconda Mining Inc. Reports Consolidated Financial and Operating Results for the Second Quarter and Six Months Ended November 30, 2015
For the six months, the company's net income was $581,121 against net loss of $3,345,984 a year ago. EBITDA was $2,972,055 against LBITDA of $1,279,328 a year ago. Purchase of property, mill and equipment was $1,804,419 compared to $1,130,931 a year ago. Adjusted net earnings were $567,075 against adjusted net loss of $1,014,678 a year ago.
For the quarter, the company reported total production of 635,665 tonnes compared to 534,876 tonnes reported a year ago. Ore production was 105,947 tonnes compared to 77,489 tonnes a year ago. Waste production was 529,718 tonnes against 457,387 tonnes a year ago.
For the six months, the company reported total production of 1,382,771 tonnes compared to 1,116,155 tonnes reported a year ago. Ore production was 210,225 tonnes compared to 166,728 tonnes a year ago. Waste production was 1,172,546 tonnes against 949,427 tonnes a year ago.