Anaconda Mining Announces Gold Sale in Fiscal Q2 2012 at a Record Price

Anaconda Mining Inc. (ANX.TO) today announced that it has sold 2,166 ounces of gold and generated $3.3 million in revenue at an average sales price of $1,751 per ounce, the highest quarterly average in the company's history.

The company said the second quarter average sales price was approximately 11% greater than the first quarter average sales price of $1,581 per ounce. President and CEO, Dustin Angelo, stated, "During the second quarter, the Company made some important modifications in the mill and used this downtime to do routine maintenance. These modifications were made in order to enhance overall mill availability with the potential to improve gold recoveries."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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