Drill results multiply value options in front of Yandal. Anaconda said it made the move to streamline costs as it renewed its focus on developing the Goldboro project as a flagship asset in Nova Scotia, while simultaneously pursing resource and production growth at its Point Rousse Complex in Newfoundland. The Point Rousse mine put in a poor performance in the June-quarter due to lower mill availability resulting from planned maintenance activities on the main ball mill and unplanned and accelerated planned maintenance of the regrind mill. Successful infill and expansion drilling at the Pine Cove openpit mine early this year prompted the company to defer development of the Argyle deposit to that brought a consequent drop in full-year production guidance from 19,,oz gold to 16,,oz. Meanwhile, the company has been enjoying exploration success at Goldboro, returning high-grade intercepts as part of an infill drilling programme on the EG deposit. Recent highlights included The company is currently embroiled in a legal spat with a service provider that was supposed to ship the Goldboro 10,t bulk sample to the Pine Cove mill for processing and has now appointed another contractor to finish the job. Anaconda expects the sample to be fully processed in October, with results to follow soon after.
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