Anaconda Mining has entered into a line of credit agreement with the Royal Bank of Canada (RBC) for a $1 million revolving credit facility as well as a $500,000 revolving equipment lease line of credit.

President and CEO, Dustin Angelo, stated, “Anaconda is very pleased to secure the financing totaling $1.5 million from RBC. This vote of confidence from a major financial institution is based on a long-standing history of positive cash flow from operations and continuous improvement at the Point Rousse Project.

Toronto-based Anaconda Mining is a gold mining and exploration company with a producing project called the Point Rousse Project and an exploration/development project called the Viking Project in Newfoundland.