Endako Mine PDF - Minerals North

Endako Mine PDF - Minerals North Endako Mine PDF - Minerals North

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Endako’s History • 1927 – Deposit was discovered by two local hunters • 1962 – August, Placer Development started diamond drill program • 1964 – March, Clearing and construction of the site began • 1965 – May, Construction Completed – Capital Cost $22 million • 1965 – June 8 th , Endako’s Grand Opening • 1965 -1981, Various expansion stages from 16 ktpd to 28 ktpd • 1982 – 1986, milling portion was shut down, only Toll Roasting done • 1997 – Endako was sold to Thompson Creek Mining Joint Venture • 2006 – Blue Pearl Mining purchased 75% of Endako + 2 other TCM facilities, decides to keep Thompson Creek Name • 2008 – Thompson Creek announces $373 million, 52ktpd Endako expansion • 2009 – March, expansion placed on hold • 2009 – Fall, Endako expansion Re-Start

Cumulative Mining History • Mined 360 tonnes of ore, 290 tonnes of waste • Produced 500+ million pounds of Oxide • Provided 34.5 million man hours of employment • Paid in Excess of $430 million in wages Historical Wage Rates • 1966 Labourer • 1966 Trades Person $2.32/hr $3.29/hr • 2010 Labourer • 2010 Trades Person $21.00/hr $33.00/hr

Cumulative Mining History<br />

• <strong>Mine</strong>d 360 tonnes of ore, 290 tonnes of waste<br />

• Produced 500+ million pounds of Oxide<br />

• Provided 34.5 million man hours of employment<br />

• Paid in Excess of $430 million in wages<br />

Historical Wage Rates<br />

• 1966 Labourer<br />

• 1966 Trades Person<br />

$2.32/hr<br />

$3.29/hr<br />

• 2010 Labourer<br />

• 2010 Trades Person<br />

$21.00/hr<br />

$33.00/hr

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