Canadian Mining Journal

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AWARD: Toronto company named one of fastest growing in Canada



 

TORONTO: Anaconda Mining Inc. of Toronto has been named one of the fastest growing companies in Canada, according to PROFIT magazine’s 28th annual Top 500 list. Anaconda was the only company to make the list in the natural resources category, with a five-year revenue growth of 96%.

In the assessment process, It was ranked number 171 of 195 companies in Ontario. Nationally, it was number 441 on the top 500 list.

Anaconda Mining is a, 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 approximately 16,000 ounces per year. In an effort to expand production, it is currently exploring three primary, prospective gold trends, which have approximately 20 kilometres of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 kilometres 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 kilometres by water (180 kilometres 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 substantially increase annual production at the Pine Cove Mill from its current rate of approximately 16,000 ounces.