Anaconda Gold, which operates the only mine producing just gold in Newfoundland and Labrador is experiencing a good level of success during these troubling times in the resource sector. With many mines cutting back or closing, this small scale well run operation is not only operating but also providing good paying jobs to 90 people in the small rural community of Baie Verte and nearby towns.
Dustin Angelo, CEO of Anaconda Gold said that the mining operation at Pine Cove pit in Baie Verte has about two-and-a-half years left, so Anaconda is looking into the potential of a nearby deposit called Stog 'er Tight.
"Right now we've got an exploration program going on. Our goal is to extend the life of the project over 10 years," said Angelo.
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