Allan Cramm of Anaconda Mining spoke at Mawio’mi, Qalipu’s annual aboriginal business forum, at the Glynmill Inn on Wednesday.
Anaconda Mining may be a little fish in the big pond of gold mining, but the size of the company is not hindering its success.
Allan Cramm, vice-president and general manager of the Baie Verte mine, shared an overview of the company during a presentation at Mawio’mi, the Qalipu Mi’kmaq First Nation Band’s annual aboriginal business forum on Wednesday. The two-day event, which has a focus on engaging youth in business, continues today.
When asked after his presentation why the company decided to focus its efforts on the Baie Verte Peninsula, Cramm said it was because somebody saw potential there.
“Somebody recognized the geology of Baie Verte had characteristics that were very similar to that that existed in California.”
Rock in Baie Verte, he said, looks like the same as that in the California Mother Lode Belt.
Anaconda started production in Baie Verte eight years ago and sees about another five years on its current known resource at Point Rousse.
But Cramm said that won’t be the end.
“We have a pretty aggressive exploration campaign in Point Rousse that consists of many prospective targets.”
Among those are prospecting claims the company started acquiring four years ago. Those acquisition give Anaconda total control of the Point Rousse area.
“We have the whole peninsula right now,” said Cramm.
And while “they’re not there yet,” the company is hoping some of those targets will actually turn into a mine.
Currently, Anaconda produces between 15,000 and 16,000 ounces of gold a year and Cramm said the company has a vision of doubling that in five years.
For the scale of the company, he said, the level of production is good and profitable.
“It doesn’t always have to be big to be profitable,” he said.
“If you do everything else right, you’ve got your community support, you’ve got your employee support and you do the right thing for the environment, the profitability will come naturally.
“If it’s profitable that will come through, if it’s not, it’s not.”
Those key areas of the community support and employee support and care for the environment is what Cramm said makes the company a success.