Content area
Full Text
Echo Bay Mines Ltd. of Denver, Colorado will spend $125 million over the next two years to bring its Aquarius Gold Mine near Timmins into production.
The mine, with an estimated 1.27 million ounces of gold in reserves, is expected to begin production in 1998, says Chet Dierks, project development manager for Echo Bay's Timmins office.
Aquarius is located in Macklem Township near the junction of Highways 101 and 67 in the eastern part of Timmins.
The $125-million investment includes $82...