Cambior (CBJ-T) and 306 workers at the company’s Doyon underground gold mine, 40 km east of Rouyn-Noranda, Que., have reached a new 6-year collective agreement.
The new, deal is retroactive to Dec. 1, 2000 and expires on Nov. 30, 2006. It includes a salary increase of 0.5% for Dec. 1, 2000, 1% for Dec. 1, 2001, 2002 and 2003 and 1.5% for Dec. 1, 2004 and 2005. A cost of living allowance clause representing 60% of inflation remains in effect.
The agreement also includes improvements to various fringe benefits and certain standard clauses.
During the first three months of 2002, Cambior’s Doyon division, which comprises the Doyon and nearby Mouska mine churned out 58,100 oz. of gold at a direct mining cost of US$209 per oz., 3,000 oz. better than a year earlier when direct mining cost were US$20 per oz. more. The improved performance is attributed to higher mined tonnage and higher grades.
Cambior sank US$2.1 million into mainly underground exploration and development at the Doyon Division during the three-month period.
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