The Cambior Story

Since mid-1989, Cambior has increased its producing gold mines from four to six, having acquired the Chima Mine and brought the Silidor Mine onstream. In June 1990, the company announced that the Mouska project would also be put into production. Gold production reached almost 190 000 ounces in 1989 and is expected to exceed 220 000 ounces this year. Cambior has also a non-gold operation with an interest of 50% in the Niobec Mine and has recently signed an option agreement in the development of the Lac Knife graphite deposit in northeastern Quebec. During the past year, the company has extended its exploration activities to the United States and Indonesia, and now has interests in nearly 80 properties. Last May, Cambior signed an option agreement with Golden Star for a gold deposit in Guyana, the OMAI Project, containing at least 2 000 000 ounces of gold in situ.