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Gold ore from the San Antonio mine.

Asbestos ore from the Cassiar mine.

Brinco Mining Limited
Current Activities

Cassiar Asbestos

In 1981, during which the mine and mill
were shut down for thirty days, the Cassiar
asbestos mine produced 97,827 tons of
asbestos fibre compared with 107,239 tons
produced for twelve months of operation in
1980. International economic conditions
resulted in slowdowns in the construction
industry and this in turn had a detrimental
impact on the demand for asbestos.
Reflecting these conditions, sales in 1981
were 88,409 tons compared with 105,431
tons in 1980.

Capital expenditures at the Cassiar mine
were $23 million of which approximately
$15 million was for the removal of 4.8
million yards of waste rock. This was less
than in 1980 when 7.2 million yards were
removed. In addition, $6 million was spent
on mill improvements and modifications.

San Antonio Gold

Following a decision in April 1981 by
Brinco and its partner, New Forty-Four
Mines Limited to place the San Antonio gold
mine in Manitoba into production,
construction under our management was
virtually complete by early December 1981
and operation of the mill on a continuing
basis commenced on January 4, 1982.
Costs of construction were just over $13
million, well within budget. Production is
projected at about 22,000 ounces of gold
per year. The concentrator had achieved its
target production rate of 350 tons per day
in January. The mine should reach planned
production levels by mid-year. Further
review of the operating plan is in progress
following the decline in gold prices.