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Home > Company Index > Metals & Mining > Gold & Silver & Other Precious Metals > Echo Bay Mines Ltd.
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Echo Bay Mines Ltd. |
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PROFILE |
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Despite depressed gold prices, things are looking brighter for Echo Bay Mines. The company's mines include McCoy/Cove and Round Mountain (50%-owned) in Nevada, Kettle River in Washington State, and Lupin in Canada. Echo Bay has reserves of 4.5 million ounces of gold. It also has 10.9 million ounces of silver reserves at its McCoy/Cove mine. After a $12 million investment, Echo Bay reopened its Lupin Mine in 2000. The company has development projects in the US, the Timmons area of Canada, and West Africa (the Youga/Bitou project). Echo Bay was profitable in 2000 -- its first year in the black since 1994. However, the company's heavy debt burden will remain a challenge until the price of gold rises.
COMPETITION |
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Barrick Gold Corporation (ABX)
Homestake Mining Company (HM)
Newmont Mining Corporation (NEM)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
Advanced Charting
Deals
FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 281.00
1-Yr. Sales Growth: 33.6%
Employees: 1,240
Revenue per employee: $226,612.90
KEY PEOPLE |
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Robert L. Leclerc
CEO
Tom S. Q. Yip
CFO
CONTACT INFO |
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6400 S. Fiddlers Green Circle, Ste. 540
Englewood, CO 80111
US
Phone: 303-714-8600
Fax: 303-714-8994
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.
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