TORONTO, Jan. 26, 2012 /CNW/ - Anaconda Mining Inc. ("Anaconda" or the
"Company") (TSX-V: ANX) is pleased to announce the appointment of J.
Errol Farr, CMA, as Chief Financial Officer of the Company, effective
Mr. Farr is the former President and CEO, and former CFO of Adex Mining
Inc., where he led the development plans of the Mount Pleasant mine
site in New Brunswick, Canada. Errol is also the former CFO of
MagIndustries Corp. where he participated in the development of its
potash project and led the development of its forestry assets including
the construction of its wood chipping mill in the port city of Pointe
Noire, Republic of Congo. He is a Certified Management Accountant and
has been a senior executive or director of several other junior mining
companies for the past 15 years. Mr. Farr brings extensive financial,
management and operational experience to the Company.
President and CEO of Anaconda, Dustin Angelo, stated, "We are very
pleased that Errol has joined the Anaconda team. I believe, with his
experience and skill set, he will make a significant contribution to
the Company and help us execute on our strategy going forward. I would
also like to thank Stephen Gledhill for his contributions to Anaconda
and wish him all the best in his future endeavors."
Headquartered in Toronto, Canada, Anaconda is a growth oriented, gold
mining and exploration company with a producing operation located on
the Baie Verte Peninsula in Newfoundland, Canada called Pine Cove mine.
FORWARD LOOKING STATEMENTS
This document contains or refers to forward-looking information. Such
forward-looking information includes, among other things, statements
regarding targets, estimates and/or assumptions in respect of future
production, mine development costs, unit costs, capital costs, timing
of commencement of operations and future economic, market and other
conditions, and is based on current expectations that involve a number
of business risks and uncertainties. Factors that could cause actual
results to differ materially from any forward-looking statement
include, but are not limited to: the final approval of the private
placement by the Toronto Stock Exchange; the grade and recovery of ore
which is mined varying from estimates; capital and operating costs
varying significantly from estimates; inflation; changes in exchange
rates; fluctuations in commodity prices; delays in the development of
the any project caused by unavailability of equipment, labour or
supplies, climatic conditions or otherwise; termination or revision of
any debt financing; failure to raise additional funds required to
finance the completion of a project; and other factors. Additionally,
forward-looking statements look into the future and provide an opinion
as to the effect of certain events and trends on the business.
Forward-looking statements may include words such as "plans," "may,"
"estimates," "expects," "indicates," "targeting," "potential" and
similar expressions. These forward-looking statements, including
statements regarding Anaconda's beliefs in the potential
mineralization, are based on current expectations and entail various
risks and uncertainties. Forward-looking statements are subject to
significant risks and uncertainties and other factors that could cause
actual results to differ materially from expected results. Readers
should not place undue reliance on forward-looking statements. These
forward-looking statements are made as of the date hereof and we assume
no responsibility to update them or revise them to reflect new events
or circumstances, except as required by law.
SOURCE Anaconda Mining Inc.
For further information:
Company website: www.anacondamining.com