Real Assets
Anaconda has pursued a stealth strategy of accumulating properties and has ended up owning a goodly chunk of Newfoundland with one mine in operation and should, if things go to plan, end up with a whole string of satellite mines feeding the same central plant. The mine at Pine Cove dates back to 2007 when Anaconda commissioned the Pine Cove open pit mine. At the time the deposit had an indicated resource of 2.63 million tonnes grading 2.93 g/t gold and an inferred resource of 254,150 tonnes grading 2.11 g/t gold. The Pine Cove Mine is an open pit, truck,...