Cambior Inc. reports 1995 financial results tables--Part 3 of 3.MONTREAL--(BUSINESS WIRE)--Feb. 9, 1996--Part 3 of 3 -0-
CAMBIOR INC.
PRODUCTION STATISTICS
(Cambior's share)
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Mine Production Fourth Quarter Twelve months
ended December 31, ended December 31,
GOLD
(All costs in US $) 1995 1994 1995 1994
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Omai Mine (100 percent)
(ounces) (1) -- 62,545 175,080 250,642
Tonnes milled -- 1,317,430 3,041,211 4,680,589
Grade milled (g Au/t) -- 1.7 1.9 1.9
Recovery (percent) -- 87 91 90
Operating cost/tonne -- 11.62 12.88 13.08
Operating cost/oz -- 245 224 244
Depreciation, depletion
and amortization/oz -- 68 68 76
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Doyon Mine (50 percent) (ounces) 29,544 29,376 109,386 116,931 Tonnes milled 136,099 143,179 581,106 569,830 Grade milled (g Au/t) 7.0 6.6 6.1 6.8 Recovery (percent) 96 97 96 96 Operating cost/tonne 47 42 41 39 Operating cost/oz 216 206 217 192 Depreciation, depletion and amortization/oz 43 31 49 44 _____________________________________________________________ Rouyn-Noranda Division (ounces) (2) 15,487 15,607 45,609 65,867 Operating cost/oz 270 246 291 240 Depreciation, depletion and amortization/oz 125 135 130 110 _____________________________________________________________ Chimo Mine (ounces) (3) 9,764 7,382 33,120 19,574 Operating cost/oz 461 464 423 516 Depreciation, depletion and amortization/oz 151 135 149 146 _____________________________________________________________ Sleeping Giant Mine (50 percent) (ounces) 5,668 5,989 24,021 21,502 Operating cost/oz 193 179 181 182 Depreciation, depletion and amortization/oz 20 52 67 86 _____________________________________________________________ Valdez Creek Placer (ounces) (4) -- 14,358 32,750 47,561 Operating cost/oz -- 565 751 507 Depreciation, depletion and amortization/oz -- -- -- 55 _____________________________________________________________ Bouchard-Hebert Mine (ounces) (5) 6,954 -- 26,123 -- Operating cost/oz (pro rata) 274 -- 211 -- _____________________________________________________________ TOTAL GOLD PRODUCTION (ounces) 67,417 135,257 446,089 522,077 Operating cost/oz 266 286 279 264 Operating cost/oz (excluding Valdez) 266 246 242 239 Depreciation, depletion and amortization/oz 74 60 69 72 _____________________________________________________________
Note: Average (Cdn$/US$) exchange rate used in:
1995, 4th quarter: 1.3556 1995: 1.3726
1994, 4th quarter: 1.3677 1994: 1.3659
CAMBIOR INC.
______________________________________________________________
BASE METAL AND OTHER PRODUCTION DATA
Fourth Quarter Twelve months
ended December 31, ended December 31,
Cambior's share 1995 1994 1995 1994
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Bouchard-Hebert Mine
Zinc (tonnes) in
concentrate 4,259 -- 23,642 --
Copper (tonnes) in
concentrate 1,400 -- 5,272 --
NSR Revenue
per tonne ($ Cdn) 56 -- 68 --
Operating cost
per tonne ($ Cdn) 41 -- 38 --
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Niobec Mine (50 percent)(6)
Ferroniobium (kg Nb) 303,000 48,000 1,113,000 48,000
Nb2O5 (kg) in concentrate -- 408,000 -- 1,650,000
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Explanatory notes for production data differences between 1995 and 1994: (1) Production at the Omai Mine declined in 1995 due to the suspension of mining activities on August 19, following a failure in the main tailings dam. (2) Gold production fell due to lower tonnage milled and head grade at the Silidor Mine and due to shaft deepening at the Mouska Mine which halted operations in the first quarter. (3) Production higher in 1995 in spite of dilution problems. (4) Mining activities ceased on September 30, 1995. (5) The Bouchard-Hebert Mine entered into commercial production on January 1, 1995. (6) The Niobec Mine began producing ferroniobium in late 1994. During most of 1994, the mine produced niobium concentrates. GOLD HEDGING PROGRAM
As at December 31, 1995, the Company held the following gold
hedging positions (1) for the years indicated:
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1996 1997 1998
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Ounces of gold 425,000 175,000 73,000 Minimum price US $/oz 419 435 438 ______________________________________________________________ (1) Excluding gold loans. More information can be obtained on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the (http://www.cambior Cambior Inc. was a Canadian based international gold producer with operations, development projects and exploration activities in the Americas. Cambior’s shares traded on the Toronto (TSX) and American (AMEX) stock exchanges under the symbol “CBJ”. .com). The Company makes its quarterly reports and press releases available to the public. NOTE TO EDITORS: There is a double forward slash The forward slash, or slash, character (/) is the divide symbol in programming and on calculator keyboards. For example, 10 / 7 means 10 divided by 7. The slash is also often used in command line syntax to indicate a switch. For example, in the DOS Xcopy statement xcopy *. between "http" and "www.cambior.com" in the World Wide Web address above. This symbol may not appear properly in some systems. CONTACT: Henry A. Roy Roy, city (1990 pop. 24,603), Weber co., N Utah, near Great Salt Lake; settled by Mormons 1877, inc. 1937. Computer equipment is manufactured, and many residents work at nearby Hill Air Force Base. , 514/878-1484 Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. LaValliere Noun 1. lavalliere - jeweled pendant worn on a chain around the neck lavalier, lavaliere pendant, pendent - an adornment that hangs from a piece of jewelry (necklace or earring) , 514/878-1282 Victoria Putnam Put·nam , Israel 1718-1790. American soldier active in the French and Indian War and the Revolutionary War. During the Battle of Bunker Hill (June 17, 1775), he supposedly issued the order, "Don't one of you shoot until you see the whites of their , 514/878-3166 |
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