Cambior settles Mouska strike

Having come to terms with its employees, Cambior (CBJ-T) is preparing to resume production at the Mouska gold mine in northwestern Quebec.

The mine has sat idled since September 25, when 91 hourly employees walked off the job. No details about the offer have been released, except the expiry date -Oct. 17, 2004.

Mouska is one of two mines (the other is Doyon) that comprise Cambior’s Doyon division. In 2000, the division cranked out 231,700 oz. gold from 1.3 million tonnes. This year’s target is set at 225,000 ounces, of which more than half was met in the first six months, at cash cost of US$218 per oz.