The Echo Bay Mines Limited company was organized in 1964 to develop a silver deposit at Great Bear Lake, Northwest Territories, which became known as the Echo Bay Mine. The company leased the old Port Radium settlement from Eldorado Mining and Refining Limited and used the old camp and mill to recover silver and copper values. Production in the Echo Bay workings ceased in 1975. The company then reopened the old Eldorado Mine workings and produced more silver and copper until 1981 when low silver prices closed the mine for good. Echo Bay Mines Limited was busy opening a new gold mine by that point - Lupin Mine, in what was then the Northwest Territories and is today in Nunavut. It entered production in 1982. Echo Bay Mines Limited developed numerous other properties mostly in the United States, including the McCoy/Cove and Round Mountain mines in Nevada, and the Kettle River mine in Washington. Corporate headquarters were in Englewood Colorado.
The company became a subsidiary of Kinross Gold Corporation in 2003 and has been delisted from the stock exchange.
Famous quotes containing the words echo, bay and/or mines:
“A work of art is an echo chamber which repeats what people say about it.”
—Mason Cooley (b. 1927)
“The seagull’s wings shall dip and pivot him,
Shedding white rings of tumult, building high
Over the chained bay waters Liberty—
Then, with inviolate curve, forsake our eyes”
—Hart Crane (1899–1932)
“The humblest observer who goes to the mines sees and says that gold-digging is of the character of a lottery; the gold thus obtained is not the same thing with the wages of honest toil. But, practically, he forgets what he has seen, for he has seen only the fact, not the principle, and goes into trade there, that is, buys a ticket in what commonly proves another lottery, where the fact is not so obvious.”
—Henry David Thoreau (1817–1862)