RCKS talk

Thursday, September 14, 2017 Derek Macpherson

ANX Reports Strong Q1 F2018

Download Report  

Anaconda Mining Inc. (TSX:ANX) reported Q1 F2018 production and partial financial results, selling 4,723 oz Au and generating revenues of C$7.6 million during the quarter. The company is well-positioned in meeting F2018 guidance of 15,500 oz Au. It is also worth noting, Resource Capital Gold Corp. (TSXV:RCG) reported positive results from bulk sampling and test mining completed at its Dufferin gold project, which is very similar and along strike from the company’s Goldboro project. Based on our preliminary estimates, we continue to believe that Anaconda is undervalued at current levels. read more


Friday, September 01, 2017 Derek Macpherson

ANX Site Visits: A Stable Base with Significant Growth Potential

Download Report  

This week we visited Anaconda Mining Inc.’s (TSX:ANX) Goldboro (Nova Scotia) and Point Rousse (Newfoundland) projects. Overall, we were impressed and believe the current valuation ascribed by the market does not adequately reflect both projects as they currently sit or the upside potential that they have. At Goldboro, we believe the current resource (830k oz at 4.95 g/t Au) has room to grow and does not properly account for the starter-pit potential that likely exists. We note that the company needs to increase its understanding of the mineralization prior to mining; however, the contemplated bulk sample would certainly help. Point Rousse provides a stable production base, generating enough cash flow to fund small exploration programs. We expect Point Rousse to operate well beyond the existing reserve life with the Stog’er Tight pits coming on later this year, likely to be followed by the recently discovered Argyle deposit. We note that the Point Rousse project hosts many other targets; however, a shortage of time and money has limited the company’s ability to advance them. Based on our site visit, and preliminary estimates, we believe that at its current market cap (C$26.7 million), investors are either paying for Point Rousse (~C$30-50 million based on our preliminary DCF) or Goldboro (C$41.5 million based on C$50/oz) suggesting good value at current levels. read more


Sunday, August 27, 2017 Derek Macpherson

ANX Reports FYE 2017; Site Visit Coming Up

Download Report

Anaconda Mining Inc. (TSX:ANX) reported complete financial and operating results for FYE 2017. After ending the year with a strong FQ4 2017, the company reported C$25.7 million in revenue selling 15,562 oz Au maintaining its revised mid-year guidance for the year. In 2018, the company is expecting to sell 15,500 oz Au with production originating from the Pine Cove Pit in Q1-Q3 while transitioning to the Stog’er Tight pit in early 2018. Our VP Mining Analysis, Derek Macpherson will be visiting the company’s properties in Newfoundland and Nova Scotia next week. read more


Thursday, August 24, 2017 Derek Macpherson

RCKS Charts: RPX & ANX

Download Report

We are expanding our product offering to further provide value to our readers - as such we have launched RCKS Charts. Keith Edwards is a recognized expert in the field of technical analysis who has been doing this type of work for a number of years. His propriety technique helps identify trends early and we believe this should augment the fundamental work we already provide. For our first edition, Keith has evaluated Red Pine Exploration Inc. (TSXV:RPX) and Anaconda Mining Inc. (TSX:ANX). read more


Sunday, July 30, 2017 Derek Macpherson

ANX’s Initial Results from Goldboro Highlight Projects Potential

Download Report

Anaconda Mining Inc. (TSX:ANX) reported initial results from its recently acquired Goldboro project in Nova Scotia. Drilling intersected visible gold and high grades in all five holes, as highlighted by hole BR-17-04 grading 2,513 g/t Au over 0.5m within 485 g/t Au over 2.6m (Figure 1). The program targeted the Boston Richardson and East Goldbrook gold systems, both demonstrating the higher-grade nature of this project and the potential for resources to grow materially both at depth and along strike. Ongoing exploration and engineering work should result in an updated resource and technical study later this year, which should provide investors a clear picture of Goldboro’s potential. We continue to believe the company's current valuation does not properly account for the project’s potential. read more


Thursday, July 13, 2017 Derek Macpherson

ANX Further Expands Argyle

Download Report

Anaconda Mining Inc. (TSX:ANX) reported 4 of 8 holes completed from the ~1,000m drill program at its Argyle discovery. Initial results continue to support our view that the resource at Argyle is ~40-45k oz Au. Results were highlighted by hole AE-17-46 intersected 3.36 g/t Au over 12m, 50m down-dip of previous results while hole AE-17-48 intersected 1.22 g/t Au over 4m, 100m down-dip of previous results. More results are pending and the company expects to release a maiden resource at Argyle later this year. Additionally, drilling and development work is underway at Goldboro which should result in an updated resource and technical study later this year. We believe the company's current valuation does not properly account for the recent transformational acquisition of the Goldboro project in Nova Scotia, providing Anaconda increased resource life and growth. read more


Tuesday, June 27, 2017 Derek Macpherson

ANX Initiates 2017 Exploration at Argyle

Download Report  

Anaconda Mining Inc. (TSX:ANX) has initiated a ~1,000m drill program at its Argyle discovery near the company’s Point Rousse Project in Newfoundland (Figure 1). The drill program is the beginning of a larger 2017 program that will comprise of infill, expansion and exploration work, to begin later in the year. The company noted, planning and permitting are underway to add future production from Argyle. Based on past drill results from Argyle, we expect the resource for the deposit to be ~40-45k oz Au. Additionally, drilling and development work is underway at Goldboro which should result in an updated resource and technical study later this year. We believe the company's current valuation does not properly account for the recent transformational acquisition of the Goldboro project in Nova Scotia, providing Anaconda increased resource life and growth. read more


Thursday, June 15, 2017 Derek Macpherson

ANX Reports Strong End to 2017

Download Report  

Anaconda Mining Inc. (TSX:ANX) reported financials and production results for FQ4 2017 and FYE 2017. During the quarter, although experiencing difficult weather conditions, the company sold a record amount of gold, 4,658 oz, marking a strong finish to the year. Revised guidance expectations were met, selling 15,562 oz Au for FYE 2017, generating C$25.7 million in revenue. In addition, the Orex Exploration Inc. acquisition was completed, creating significant value and growth opportunities for the company, which we believe is not reflected in the company’s current valuation. read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.