Anaconda Mining Inc. Reports Operating and Sales Results for the Seven Months Ended December 31, 2017; Provides Operating Guidance for the Full Year 2018
For the period the company sold 9,509 ounces of gold during the Transition Year, generating gold revenue of $15.4 million, sold 9,509 ounces of gold during the Transition Year, generating gold revenue of $15.4 million.
For the full year 2018 the company provides operating guidance, the company is projecting to produce and sell approximately 18,000 ounces of gold, which at a budgeted gold price of $1,550 will generate revenue of approximately $28.0 million. The increase over the previous fiscal year guidance of 15,500 ounces reflects the increasing grade profile as the mine operation transitions to the Stog'er Tight deposit.