Find out what $650,000 in gold looks like

Representatives from Anaconda Miningdropped by theCBC offices on Friday to showcase what $650,000 looks like in gold when it's mined, extractedand put on a table.

The heavy hunk of glitter came from the Pine Cove gold mine in Baie Verte, and Anaconda Mining CEO Dustin Angelo said it's quite the heavy unit.

"This weighs almost 500 ounces, which is roughly 30 pounds, and there's probably about 400 ounces of gold in it," said Angelo.

"It's about 80 per cent pure, so 80 per cent of that bar is gold."

The goldis so valuable that it was delivered to the CBC by two burly armed guards, and a largearmoured Brink's truck.

Angelo said it takes approximately one week at the mine in Baie Verte to produce a brick of that value.

"This is the final project that we send on to the Royal CanadianMint," he said.

"This will go into the world market, we'll sell it to a gold trader."

Angelo said he believes the future for gold mining in Newfoundland and Labrador is bright.

"We're actually the only gold miner in Newfoundland. We feel like we're in a fortunate position." he said.

"There's a lot of deposits that are around that could be economically minable using our mill."