TORONTO, Oct. 17, 2017 /CNW/ - Anaconda Mining Inc.
("Anaconda" or the "Company") – (TSX:ANX) is pleased to announce
that it is changing its fiscal year-end to December 31, from its current fiscal year- end of
May 31. The notice for the year end
change required under National Instrument 51-102 has been filed
under the Company's profile at www.sedar.com.
Anaconda believes this will better align the Company's financial
reporting periods to that of its peer group in the mineral
resources sector and facilitate marketplace assessment of the
Company's business performance.
As a result, the Company will report audited financial results
for a seven-month transitional fiscal year from June 1, 2017 to December
31, 2017. Afterwards, Anaconda will revert to a customary
quarterly reporting calendar based on a December 31st financial year-end, with fiscal
quarters ending on the last day in March, June, September, and
December each year.
The Company will provide revised guidance parameters for the new
2018 financial year in the first quarter of the 2018 calendar
year.
ABOUT ANACONDA
Anaconda Mining is a TSX-listed gold mining, exploration and
development company, focused in the prospective Atlantic Canadian
jurisdictions of Newfoundland and
Nova Scotia. The Company operates
the Point Rousse Project located in the Baie Verte Mining District
in Newfoundland, comprised of the
Pine Cove open pit mine, the fully-permitted Pine Cove Mill and
tailings facility, the Stog'er Tight deposit, a new discovery
called Argyle, and approximately 5,800 hectares of prospective
gold-bearing property. Anaconda is also developing the recently
acquired Goldboro Project in Nova
Scotia, a high-grade Mineral Resource, with the potential to
leverage existing infrastructure at the Company's Point Rousse
Project.
The Company also has a pipeline of organic growth opportunities,
including the Viking and Great Northern Projects on the Northern
Peninsula and the Tilt Cove Property on the Baie Verte Peninsula.
SOURCE Anaconda Mining Inc.