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:
“It is the folly of too many to mistake the echo of a London coffee-house for the voice of the kingdom.”
—Jonathan Swift (1667–1745)
“Three miles long and two streets wide, the town curls around the bay ... a gaudy run with Mediterranean splashes of color, crowded steep-pitched roofs, fishing piers and fishing boats whose stench of mackerel and gasoline is as aphrodisiac to the sensuous nose as the clean bar-whisky smell of a nightclub where call girls congregate.”
—Norman Mailer (b. 1923)
“Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark:M”I wasn’t worth a cent two years ago, and now I owe two millions of dollars.””
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)