PRECIOUS RESOURCE Sustainable Business Magazine speaks to Dustin Angelo, President and CEO at Anaconda Mining, about new exploration, the benefits of better data, and community support.
Anaconda Mining is a gold mining and exploration company with a producing gold mine and several properties under development in Atlantic Canada. Headquartered in Toronto, the company owns and operates the Point Rousse Project in the Baie Verte Peninsula in Newfoundland, which has an annual production of between 15,000 and 16,000 ounces of gold. Anaconda is also developing other major projects in White Bay, Newfoundland and Guysborough County, Nova Scotia. 20 | SUSTAINABLE BUSINESS MAGAZINE
“There’s been mining in the region since the 1800s,” says Dustin Angelo, President and CEO at Anaconda Mining. “At our site, we have a father and son where the son is the fifth generation of miners in Newfoundland. However, for the last seven years, we’ve been the only pure play gold producer in Atlantic Canada. Since I joined in my current role, in September 2010, we’ve been growing the company and generating cash flow from the Point Rousse Project.”
POINT ROUSSE When Mr. Angelo initially came on as President and CEO, Anaconda Mining had just finished upgrading the mill at what became the Point Rousse Project. “The company had just put in place a traditional ball mill flotation circuit, to better process the ore,” says Mr. Angelo. “It was a bit of a turnaround situation back in the beginning. It took us another nine months to commission the mill, and to get it running properly to reach a recovery
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