A leader in the Canadian gold mining landscape, Anaconda Mining is leveraging its assets to reach its goal of 100,000 ounces of gold production a year.

When it comes to gold mining in Newfoundland, look no further than Anaconda Mining. This growth-oriented gold mining and exploration company owns and operates the Point Rousse Project, which includes an active operation at the Pine Cove Mine and Pine Cove Mill, on the Ming’s Bight Peninsula in the Baie Verte Mining District.

Since 2012, the company has made a pointed effort in expanding its property control. Today, the company is exploring three gold trends on the Ming’s Bight Peninsula, mining the Pine Cove open pit and integrating its new location, the Viking Project, into its exploration and operational plans.

“Anaconda Mining has been a driven company from the beginning,” shared Dustin Angelo, President and CEO of the company. “We’re resourceful, always looking for ways to be better, and we conduct business in an open, honest, transparent way. Our focus is always on the stakeholders, not just the shareholders.”

Through its recent acquisition of the Viking Project and its dedication to expand the use of the Pine Cove Mill, Anaconda Mining is well on its way to meet its goal of doubling production to 30,000 ounces a year at its Newfoundland operations.

Operations at the Viking and Point Rousse Projects

The Viking Project in particular is an entirely new venture for the mining company, as it is outside of the Point Rousse Project by about 100 kilometers by water. The location has an established resource on it, in a deposit called the Thor Trend Gold Deposit. With 63,000 ounces indicated and 20,000 ounces inferred, Angelo believed it to be a good start in a new location, which is a first for the company.

“It’s our first step out from the Point Rousse Project, and the first location away from our existing infrastructure,” he said.

Still, the mill at Pine Cove plays a massive part in the success of the company, even with mines outside of the Point Rousse Project.Canada Mining, Newfoundland mining, gold mining, exploration company, gold mining and exploration, mining and exploration, stakeholders, shareholders, Pine Cove Mine, Point Rousse Project, Viking Project, junior mining company

“We’re trying to leverage the mill as much as possible. We’re looking for other deposits outside of Point Rousse to bring back to the Pine Cove Mill to utilize our infrastructure. Anaconda can generate more value out of a deposit by doing this.”

If the company didn’t have a mill easily accessible by water—a relatively inexpensive manner of transportation compared to the land options—it would need to go after a larger deposit to compensate for the cost of building a mill or other infrastructure on site. This way, Anaconda Mining can generate more value out of a deposit, and acquire more, relatively smaller mines in the future that would be otherwise uneconomic in the hands of another company.


Headquartered in Toronto, Canada, Anaconda Mining is a growth-oriented, gold mining and exploration company with a producing project called the Point Rousse Project and an exploration/development project called the Viking Project in Newfoundland.

The Point Rousse Project is approximately 6,300 hectares of property on the Ming’s Bight Peninsula located in the Baie Verte Mining District in Newfoundland, Canada. Since 2012, Anaconda has increased its property control by ten-fold on the peninsula. It is currently exploring three primary, prospective gold trends, which have approximately 20 km of cumulative strike length and include five deposits and numerous prospects and showings, all within 8 km of the Pine Cove mill.

Anaconda also controls the Viking Project, which has approximately 6,225 hectares of property in White Bay, Newfoundland, approximately 100 km by water (180 km via road) from the Pine Cove mill. The project contains the Thor Deposit and other gold prospects and showings.

The company’s plan is to discover and develop more resources within these project areas and double annual production at the Pine Cove mill from its current rate of nearly 16,000 ounces to 30,000 ounces. Beyond the Point Rousse and Viking Projects, Anaconda’s goal is to acquire additional projects to raise its annual production to approximately 100,000 ounces.

Anaconda Mining

150 York Street, Suite 410
Toronto, Ontario M5H 3S5

Phone –  (416) 304-6622