Echo Bay Reports Loss

Tue., Nov. 2, 1999

From Staff

Echo Bay Mines, which operates the Kettle River Mine near Republic, Wash., reported third quarter losses of $19.9 million.

Losses for the Englewood, Colo., company amounted to 17 cents per share. That compares with losses of $6 million for the same quarter last year.

At the Kettle River operations, third-quarter gold production declined, due to deeper ore bodies and longer hauling distances. As a result, the number of tons of ore available for processing decreased 15 percent.

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Echo Bay Reports Loss

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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