Anaconda Mining Inc.

make it to about 100,000 ounces a year. So, we’ll probably have to acquire another project or expand one of our existing projects to get to that level.” Operating a profitable mine, while also acquiring and developing other po- tentially profitable assets, has helped make Ana- conda Mining a major player in the eastern part of the country. “We’re the only gold producer, right now, in Newfoundland and we’re the only consis- tent producer in the Atlantic Canada region for the last eight years. So, there are no other assets to acquire in Atlantic Canada that are actually in production; all of the gold projects are in the ex- ploration and development stage.We are focused on projects that contain known mineral resources and are of a size that make them eligible for near term development and production.” “We’re a small company in the gold mining indus- try, but we’ve bucked the trend,” he continues. “Typi- cally, when you see produc- tion companies in the gold mining industry, they’re much larger and they’ve got a much larger resource base and they’re producing a lot more gold. But, for the last seven years, we’ve been able to oper- ate on a small scale and be profitable. The Point Rousse project, when it initially came on, back in 2010, was essentially a turn-around project. And we were able to do that - to turn it around and make it into a profitable venture. That’s some- thing that we’re pretty proud of.” While remaining profitable, Angelo says that he also wants to see all of the company’s stake- holders benefitting from its efforts. “We want to be a significant employer in the area and a very ANACONDA MINING, INC. good member of the community,” he declares. “We got a lot of support from the local vendors, from the government, and from our employees to stick with the Point Rousse project in its early days. And once it became profitable, we’ve tried to give back to all of our stakeholders.We’ve donated to certain causes on a regional basis because our employees come from various areas around the Baie Verte peninsula. “On the Goldboro side, we just have been on the scene for about a year, so it’s a non-active production site, and there are not as many Anaconda employees around. But we started to engage the community; we’ve done smaller things like contributing to the local community center – we’re paying for the WiFi for the next year. We donated money for their Canada Day celebration. So, we’re starting to lay down our roots in the community around Goldboro. “And then, at Point Rousse, we continue to do many of the things that we’ve been doing for years, now. A couple of years ago, we made a $65,000 commitment to the regional swim- ming pool; we put in $15,000 for repairs and then five years worth of swimming support at $10,000 per year for swim lessons. We made a donation to a local park. We donated to Hope Air, a charitable organization that provides free flights to people who live in rural areas that need medical attention they can only get in urban centers. There are folks throughout New- foundland that have been fortunate to get help from Hope Air – even on the Baie Verte pen- insula where we operate. So, about two years ago, we sponsored a gala and donated $50,000 to Hope Air. About a year and a half ago, we partnered with a local jewelry store in St. John’s where we donated some gold, and raised about