Equity Silver Mine near Houston, B.C. expects to begin an orderly shutdown of its operations in the fourth quarter of 1992 when exist- ing ore sources ate depleted. - The mining plan adopted in 1989 was aimed at maximizing profit- ability by concentrating on and accelerating mining of the highest grade ore available in the most cost effective manner possible. As a result, higher production was achieved in 1990, but in 1991 and 1992 production will be ap- proximately half of the 1990 level. It is expected that output will be sufficient to maintain a positive cash flow from operations. How- ever, as a result of the non-cash costs which must be absorbed, losses will likely be realized in 1991 and 1992. Based on current estimates of mine closure costs, the annual provision for mine closure is expected to decline in 1991 and 1992, with approximately $11 million in aggregate remaining to be charted to earnings. However, this amount may be increased depending on the British Columbia government’s final position with respect to the amount. of security required. Exploration activities in 1991 and 1992 will be restricted to areas in the vicinity. of the mine site and the annual expenditure is not expected to exceed $750,000. The Company’s profitability is dependant primarily on the quan- tity of metals produced, selling Equity Silver shutting down prices received and its capital and operating costs. Since metal sales are denominated in U.S. dollars, fluctuations in exchange rates can have significant effects on revenue. Since the Company’s exploration activities have been unsuccessful, it is not expected that Equity Sil- ver will continue as an active mining company after 1992, The board of directors has yet to decide on the disposition of the funds available after mine closure. Such a decision can only be made once a final determination has been reached by the government of British Columbia regarding the total post-closure reclamation funding requirements. From Equity Silver Mines Limited 1990 annual report. Canada Post forces strike Contributed by C.U.P.W, "We are ready to strike if it becomes necessary," says Kate English, president of the Terrace Local of the Canadian Union of Postal Workers. "Postal workers in this community want a contract now, We’re fed up with working for two years without a collective ‘Where To Find It’ agreement and three years without a wage increase. We’re not only fighting for our jobs," English said, “but to protect postal services in this community. Our collective agreements are the last road block in Canada Post’s way of totally gutting the postal service. "If we win," explains English, "everyone wins. If we lose, then the postal service in this commun- ity is in great jeopardy. We are not only fighting for job security," she concluded, "but for a postal service we can be proud of." English stated that postal workers will be in a legal strike position anytime after August 7, 1991. Terrace Review — Wednesday, July 31, 1991 13 Iskut field workshop pending Geologists and prospectors are invited to attend the Iskut Field Workshop at the Bronson Creek airstrip in August. The meeting will include six or seven talks, field trips and a barbe- cue. The talks will be presented by industry and research geologists who will focus on the mineral deposits and geology of the Iskut and Unuk River areas. The workshop is being organized by the Ministry of Energy, Mines and Petroleum Resources and the Smithers Exploration Group. For more information, contact Mary Lou Malott of the B.C. Geological Survey Branch at 847-7387. ATAP money to Aiyansh Lyall Hanson, Minister of Trans- portation and Highways, announced recently a grant of up to $25,057 to the Nisga’a Valley Health Board for work at the New Aiyansh Health Clinic. Funding will be provided through the prov- incial Air Transport Assistance Program (ATAP). "These funds will assist the ‘community with the completion of a new helipad adjacent to the community health clinic,” said Hanson. "Helicopter transport of patients is often preferred in this region, due to the long road links to medical care in Terrace and other locations." New Aiyansh is more than 90 kilometres northwest of Terrace. _ British Columbia’s Air Transport Assistance Program provides finan- MacRay’s Funeral Services & Crematorium Ltd. 4626 Davis Avenue Terrace, B.C. Phone: 604-635-2444 Serving Northwestern B.C. V8G 1X7 THE BODYSHOP a Norm's Auto Refinishing Lid. — 635-3929 seroKerth, TERRACE FAX: 635-3081 We speclatize in ® Faclals e Colour siralght razor shaves) @ Manicures e Creative Cuts and tapers. @ Pedicures @ Naw Look Consultalions bd Waxing @ Bralds & Up-do's 635-5727 or 635-4555 4646 Lakelse Ave., Terrace, B.C. cial help to community airport operators with the objective of improving air access to all areas of - the province. ATAP staff works closely with operators of municipal airports, air carriers, local busi-~ Nesses and others, such as the provincial Air Ambulance and Forestry/Fire protection agencies. Together they ensure that com- munity airport development keeps pace with the rapidly changing air transportation environment in British Columbia. "There are more than 70 local and community airports in B.C., in addition to the central network of about 23 larger federal airports that serve major centres," said Hanson. | "These airport improvement pro- jects are important components of the provincial Transportation Plan." COOSEMANS PIANOS IMPORTS - SALES PIANO TUNING, REGULATION & REBUILDING José Coosemans 4703 Straume Ave. Terrace, B.C. CANADA V&G 2C4 (604) 635-9275 SKEENA BELTING & RUBBER SERVICES Inflatable Boat Repairs Durable — High Quality Vulcanizing Repairs We specialize in conveyor belt installations, splicing, and repairs . vulcanizing and pulley lagging 638-8530 24 HOUR SERVICE 638-0663 a, hy TERRACE PRE-CUT * Hemlock & Cedar Fencing * 2903 Braun Street, Terrace, B.C. 635-5981 pembtme BLUE STXR FLOORING CONTRACT FLOORING B&G & MARINER ouTeoARos MERC CRUISERS HAMILTON 7 uTBoARD MARINER JETS G R re) CERY Commercial & Residential AHA 34 WHEELERS ri 38-8861 pees | OL No. 7850 & POWER PRODUCTS Open 8:30 - 10:30 daily CONDITIONAL 638-PAGE-257 | ie . 2701S, Kalum . RETAIL SALES 4550 Greig Avenue Hyd 635-2909 |4946 Greig Ave., Terrace | 635-6180 Dan Lamb __ Terrace, B.C. VEG 1M3 rs : ae = e " ’ 1: ; "A True Northwest Company Jons Photo Graphics e . ree eee 7 _ Weddings John odes Custom Framin 4 ; a i ; . 2 i Alarm & Telephone Systems [iia Nat Cut |. Ma Evivili Family Sittings H Posters eq —_ a nae 5 Minute Passposts Limited Editions { 638-0241 Wi tatenetetemee, BG. pe f nM 4609 Lakelse Ave., Terrace, B.C. Bus. 635-5288 E (24 Hrs.) Terrace, B.C. vac 1P9 Res. 635-5544 | |