Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Anaconda Mining Inc. (T:ANX)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 150 York St Suite 410
Tel: N/A
IR: See website
Key People
Kevin Bullock
President, Chief Executive Officer, Director
Robert J. Dufour
Chief Financial Officer, Corporate Secretary
Business Overview
Anaconda Mining Inc. is a mining and exploration company with gold production, development and exploration properties located in Newfoundland, Canada. The Company's portfolio includes an operating gold mine, various development-stage prospects and exploration properties, grouped in over two project areas. It holds interests in the Point Rousse Project and the Viking Project. The Point Rousse Project covers over 6,316 hectares on the Ming's Bight Peninsula, which is situated within the Baie Verte Peninsula on the north-central part of Newfoundland. The Point Rousse Project consists of approximately five mining leases and over 30 mineral licenses. The five mining leases are Mining Lease 189 (11299M), Mining Lease 149 (2663), Mining Lease 193-A, Mining lease 203 (8014) and Mining lease 226 (10238M). The Viking Project covers approximately 6,225 hectares of property in White Bay, Newfoundland. The Viking Project contains the Thor Gold Deposit and other gold prospects and showings.
Financial Overview
For the three months ended 31 March 2021, AnacondaMining Inc revenues decreased 30% to C$7.4M. Net losstotaled C$2.5M vs. income of C$1.5M. Revenues reflectSilver decrease of 42% to C$7K. Net loss reflects Corporateadministration increase of 11% to C$951K (expense),Share-based compensation expense increase of 47% to C$154K(expense), Deferred premium on flow-through shares decreaseof 15% to C$142K (income).
Employees: 195 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $97.34M as of Mar 31, 2021
Annual revenue (TTM): $38.41M as of Mar 31, 2021
EBITDA (TTM): $9.41M as of Mar 31, 2021
Net annual income (TTM): $4.26M as of Mar 31, 2021
Free cash flow (TTM): -$1.73M as of Mar 31, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 163,179,861 as of Apr 27, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization