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Gold/Mining/Energy : Cambior Mining Inc.
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To: Alan Whirlwind who wrote (25)12/16/1999 3:35:00 PM
From: nickel61   of 45
 
They used to own a very good mine in conjunction with American Barrick. Two years ago I think Barrick agreed to sell their half to Cambior in exchange for cash. Cambior I beleive went a little more into debt than they should have to buy this mine, the Doyon in Quebec I believe.The bankers were probably nervous about the decline in POG as we all were and this probably led them to over hedge. Really pretty substantial people. It is too bad.
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