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. Read More Here
I am a true gold bug and I am a Bitgold user because utilizing commodity money makes sense for responsible citizens seeking to peg their labour, goods, and services to a unit of account that mimics their own personal consumption and savings requirements.
2015 was a year when an idea became a business defying logic, conventional wisdom, and the laws of linearity. An idea, hatched by two young entrepreneurs has now evolved into a global platform spanning 600,000 members in nearly 200 countries. An idea that has led to a 50 person team operating a platform that safeguards over $1.5 billion of precious metal assets for over 100,000 members with a positive balance. An idea that has seen some of the world’s greatest investors from George Soros, Albert D. Friedberg, Adam Fleming, Eric Sprott, James Turk and others join with unwavering support and assurances of integrity.
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Eric Sprott from Sprott Asset Management speaking at the Sprott-Stansberry Natural Resource Symposium on July 31st, 2015 in Vancouver, took the opportunity to discuss his thoughts on BitGold, its relation to bitcoin and the role BitGold will play in the development of the gold market.
Video Link Below
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