Echo Bay Mines Limited
Encyclopedia
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.
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
deposit at Great Bear Lake
Great Bear Lake
Great Bear Lake is the largest lake entirely within Canada , the third or fourth largest in North America, and the seventh or eighth largest in the world...
, Northwest Territories
Northwest Territories
The Northwest Territories is a federal territory of Canada.Located in northern Canada, the territory borders Canada's two other territories, Yukon to the west and Nunavut to the east, and three provinces: British Columbia to the southwest, and Alberta and Saskatchewan to the south...
, which became known as the Echo Bay Mine. The company leased the old Port Radium
Port Radium, Northwest Territories
Port Radium is a mining area on the eastern shore of Great Bear Lake, Northwest Territories, Canada. It included the settlement of Cameron Bay and the Eldorado Mine and Echo Bay Mine. The name Port Radium did not come into use until 1936 and at the time it was in reference to the region as a whole...
settlement from Eldorado Mining and Refining Limited
Eldorado Mining and Refining Limited
The Eldorado Mining and Refining Limited company was originally organized in 1927 as Eldorado Gold Mines Limited to develop a gold mine in Manitoba. Its president Gilbert LaBine later found radioactive deposits at Great Bear Lake, Northwest Territories in 1930, which led to the development of the...
and used the old camp and mill to recover silver and copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
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
Lupin Mine
Lupin Mine was a gold mine in Nunavut Territory, Canada. It opened in 1982 and was originally owned and operated by Echo Bay Mines Limited, who in 2003 became a fully owned subsidiary of Kinross Gold Corporation....
, in what was then the Northwest Territories
Northwest Territories
The Northwest Territories is a federal territory of Canada.Located in northern Canada, the territory borders Canada's two other territories, Yukon to the west and Nunavut to the east, and three provinces: British Columbia to the southwest, and Alberta and Saskatchewan to the south...
and is today in Nunavut
Nunavut
Nunavut is the largest and newest federal territory of Canada; it was separated officially from the Northwest Territories on April 1, 1999, via the Nunavut Act and the Nunavut Land Claims Agreement Act, though the actual boundaries had been established in 1993...
. It entered production in 1982. Echo Bay Mines Limited developed numerous other properties mostly in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, 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.