Letter to the Editor Corona confusion (February 06, 1989)

In your dividends section (N.M., Jan 30/89) which is compiled by The Northern Miner your information showing that Corona A shares pay a semi-annual dividend of 37.5 cents is erroneous. Since Corona came into existence July 1, 1988, no dividend on its Class A common shares has ever been declared.

The last time Corona made any statement about dividends was Nov 9 and it very clearly only applied to preferred shares.

Your immediate attention to rectify this matter would be appreciated. Peter McBride Director, Public and Investor Relations Corona Corporation Toronto, Ont.

I would like to correct a number of points regarding the mill at the Campbell mine, which were wrongly reported (“High grade keeps Campbell at the head of the class,” N.M., Jan 16/89).

Firstly, the mill grinding circuit and roaster are currently on the central control system. We intend to add other parts of the mill to the system at some point in the future.

Secondly, we are evaluating a number of alternative methods for treating our refractory concentrates, one of which is bioleaching. We have had some laboratory tests performed to test the amenability of the concentrate to bioleaching, but as of yet, a pilot test facility has not been built at the mine. We intend to construct such a facility later this year, provided that the laboratory tests continue to show favorable results. John Frostiak Mill superintendent Campbell mine. Balmertown, Ont.

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