Timmins is a city in northeastern Ontario, Canada, located on the Mattagami River. The city is the fourth-largest city in the Northeastern Ontario region with a population of 41,145 (2021). The city's economy is based on natural resource extraction, and is supported by industries related to lumbering, and to the mining of gold, zinc, copper, nickel and silver. Timmins serves as a regional service and distribution centre. The city has a large Francophone community, with more than 50% bilingual in French and English.
Newmont Corporation is an American gold mining company based in Greenwood Village, Colorado. It is the world's largest gold mining corporation. Incorporated in 1921, it owns gold mines in Nevada, Colorado, Ontario, Quebec, Mexico, the Dominican Republic, Australia, Ghana, Argentina, Peru, and Suriname. In addition to gold, Newmont mines copper, silver, zinc and lead.
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included four mines in Canada, two mines in Mexico, and four in Central and South America. As of the third quarter of 2014, Goldcorp was the world's fourth-largest producer of gold. On January 14, 2019, Goldcorp agreed to a merger acquisition by Newmont Mining Corporation, the world’s second-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer.
The Hollinger Gold Mine was discovered on October 9, 1909, by Benny Hollinger, who found the gold-bearing quartz dike that later became known as Hollinger Mines. With his friend, professional prospector Alex Gillies, Hollinger had travelled to the Porcupine region in the wake of the Wilson expedition, which had recently discovered the future Dome Mine site. Hollinger and Gillies staked three claims each, and one for their former partner, Bernard "Barney" P. McEnaney, who had been unable to join them due to severe sciatica.
Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.
Noah Anthony Timmins was a Canadian mining financier and developer who is now counted among the founding fathers of Canada's mining industry.
The McIntyre mine is an abandoned underground gold mine in Schumacher, Ontario, Canada, which has earned a place in Canadian mining history as one of the nation's most important mines. Its iconic headframe, located near downtown Timmins, has come to represent the entire Porcupine Gold Rush. The McIntyre also yielded a considerable amount of copper over its life.
The Golden Giant Mine is a closed underground gold mine in the Hemlo mining camp in Canada, located north of Lake Superior, midway between Sault Ste. Marie and Thunder Bay, Ontario near the town of Manitouwadge.
The Porcupine Gold Rush was a gold rush that took place in Northern Ontario starting in 1909 and developing fully by 1911. A combination of the hard rock of the Canadian Shield and the rapid capitalization of mining meant that smaller companies and single-man operations could not effectively mine the area, as opposed to earlier rushes where the gold could be extracted through placer mining techniques. Although a number of prospectors made their fortune, operations in the area are marked largely by the development of larger mining companies, and most people involved in the mining operations were their employees.
Reuben Bennett "Sourdough" D'Aigle (1874–1959) was a Canadian prospector who made numerous discoveries in the Klondike, Ontario, Quebec and Labrador. Although successful with several of these ventures, he remains best known for missing the Porcupine Gold Rush by only a few feet, a huge deposit being discovered directly beside one of his abandoned test digs. His last major discovery was a major iron deposit in Labrador, although he was unable to personally develop the site due to the Wall Street Crash of 1929, which dried up development funds. He was so well known that his death was mentioned in Time Magazine, who quoted his easygoing take on his losses in Labrador; "I was just there a darn sight too soon, but I have certainly enjoyed myself."
The city of Timmins, Ontario, Canada contains many named neighbourhoods. Some former municipalities that were merged into Timmins continue to be treated as distinct postal and telephone exchanges from the city core.
The Cobalt silver rush started in 1903 when huge veins of silver were discovered by workers on the Temiskaming and Northern Ontario Railway (T&NO) near the Mile 103 post. By 1905 a full-scale silver rush was underway, and the town of Cobalt, Ontario sprang up to serve as its hub. By 1908 Cobalt produced 9% of the world's silver, and in 1911 produced 31,507,791 ounces of silver. However, the good ore ran out fairly rapidly, and most of the mines were closed by the 1930s. There were several small revivals over the years, notably in World War II and again in the 1950s, but both petered out and today there is no active mining in the area. In total, the Cobalt area mines produced 460 million ounces of silver.
The Telfer Mine is a gold, copper and silver mine located at Telfer on the land of the Martu people, in the Great Sandy Desert of Western Australia. It is owned by Newcrest Mining, the largest gold producer listed on the Australian Securities Exchange.
Cortez Gold Mine is a large gold mining and processing facility in Lander and Eureka County, Nevada, United States, located approximately 75 miles (120 km) southwest of Elko. It is owned as a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%), operated by Barrick, and comprises the Pipeline, Crossroads, and Cortez Hills open pit mines; and the Cortez Hills underground mine. Ore from the mines is treated at an oxide mill at the site and on leach pads, while refractory ore is shipped to Barrick’s Goldstrike operation for processing.
There are different methods by which gold mining companies are ranked. One is by their annual production. Another is by their cash cost per ounce, that is, how much money it costs them to mine the gold. Since gold prices are the same everywhere, companies with lower costs per ounce make more profit. The most common method lists by market capitalization which considers the total value of capital holdings by that company. Also considered when comparing companies is their market capitalization per ounce of gold equivalent which takes the market value and total reserves and resources for each company as well as the price of gold into consideration. The figures for each company can be used to determine the value the stock market gives to each company's reserves on an ounce to ounce basis.
The Cripple Creek & Victor Gold Mine, formerly and historically the Cresson Mine, is an active gold mine located near the town of Victor, in the Cripple Creek mining district in the US state of Colorado. The richest gold mine in Colorado history, it is the only remaining significant producer of gold in the state, and produced 322,000 troy ounces of gold in 2019, and reported 3.45 million troy ounces of Proven and Probable Reserves as at December 31, 2019. It was owned and operated by AngloGold Ashanti through its subsidiary, the Cripple Creek & Victor Gold Mining Company (CC&V), until 2015, when it sold the mine to Newmont Mining Corporation.
The Peñasquito Polymetallic Mine is the fifth largest silver mine in the world and the second largest in Mexico. It is located in north-eastern corner of the State of Zacatecas and is wholly owned by Newmont Goldcorp. It is an open pit operation which began operations in March 2010, but still managed to produce 13,952,600 ounces of silver that year. Estimated reserves for the Peñasquito Mine are 17.82 million oz of gold, 1,070.1 million oz of silver, 3,214 tons of lead and 7,098 million tons of zinc. The mine has its own radio station, XHESP-FM 98.9 "Radio Peñasco".
Benjamin Hollinger (1885–1919) was a Canadian barber turned prospector from Haileybury, Ontario, now considered one of the Founding Fathers of Timmins, Ontario, Canada. He was born April 10, 1885, in Point Alexander, Ontario, the youngest son of schoolteacher John Hollinger and Sarah Sutherland.
The Timmins Underground Gold Mine Tour was a tourist attraction owned and operated by the City of Timmins from 1990 to 2013.
Henry Timmins was a Canadian shopkeeper who, with his younger brother, Noah, became an influential mining financier. The brothers are considered to be among the most significant founding fathers of the Canadian mining industry.
