Anaconda Mining and the town of Baie Verte are celebrating the official opening of a gold mine which was first discovered in 1988. Anaconda Manager Allan Cramm says the operation at Pine Cove employs 75 people directly and generates close to a million dollars per month in goods and services. Cramm says current known resources should sustain the operation until 2017 – and with recent exploration success, the future is bright for both the mine and the entire Baie Verte Peninsula.

Source: VOCM