Anaconda Mining Sells Nearly 3,000 Ounces of Gold and Generates Over $4.9M in Revenue in Q1 FY2017

T.ANX, Anaconda Mining, gold, Newfoundland

Anaconda Mining Inc. (T.ANX) announces certain financial and operating results from its fiscal first quarter ended August 31, 2016. During the first quarter of fiscal 2017, the Company sold 2,919 ounces of gold and generated $4,919,737 in revenue at an average sales price of $1,685 per ounce. Sales volume and revenue for the quarter were approximately 26% and 15% lower than the first quarter of fiscal 2016. The Company expects to file its full financial statements by October 14, 2016. read more

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