Orex acquisition ‘last puzzle piece’ for Anaconda to solidify regional presence

The acquisition by gold junior Anaconda Mining of Orex Exploration represents the “last piece of the puzzle” that Anaconda has been missing, adding a third compliant resource and geographically diversifying the portfolio. The all-scrip deal, valued at about C$13-million, is part of Anaconda’s two-pronged approach to create investor value by growing resources organically and through mergers and acquisitions, president and CEO Dustin Angelo tells Mining Weekly Online.