Ptarmigan and Tom Mine

Last updated

The Ptarmigan and Tom Mine were gold producers located in the Northwest Territories, Canada at Yellowknife. The property was staked by prospectors in 1936 and acquired by Cominco in 1938. The mine first produced between 1941 and 1942 but closed due to wartime restrictions. The old property was demolished in 1969–1970. A new company, Treminco Resources Limited, reopened the workings in 1985 and production from the Tom ( 62°31′57″N114°11′41″W / 62.53250°N 114.19472°W / 62.53250; -114.19472 (Tom Mine) ) portal began in 1986 with material being trucked to Giant Mine. The old Ptarmigan ( 62°31′15″N114°11′45″W / 62.52083°N 114.19583°W / 62.52083; -114.19583 (Ptarmigan Mine) ) mine shaft was dewatered and production began in 1987. A new mill was built at the property and was operational in July 1989. Low gold prices forced the company to close the mines in 1997. Total gold production has been approximately 120,000 troy ounces (130,000 oz; 3,700,000 g). [1]

On February 2, 2010, Trivello Energy Corp., a publicly traded company on the TSX Venture Exchange in Canada under the trading symbol "TRV", announced it had acquired the Tom Gold Mine project including five claims of approximately 650 acres (260 ha). [2]

Trivello Energy Corp. changed its name to Equitas Resources Corp. and trades on the TSX Venture Exchange under the trading symbol "EQT".

Related Research Articles

A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high percentage of profits are distributed to shareholders as dividends. The dividends are then taxed as personal income. This system, similar to real estate investment trusts, effectively avoids the double taxation of corporate income.

<span class="mw-page-title-main">Eldorado Gold</span>

Eldorado Gold Corporation is a Canadian company that owns and operates gold mines in Turkey, Greece and Canada. Since its merger with European Goldfields in 2011 the company has been pursuing the development of the Skouries mine, Olympias mine and Stratoni mine in Greece. The company previously developed and operated gold mines in China, Brazil and Mexico. Headquartered in Vancouver and listed on the Toronto and New York Stock Exchanges, Eldorado Gold has developed and operated assets from several merged companies HRC Developments Corporation, Afcan Mining Corporation, Sino Gold Mining, Brazauro Resources, Integra Gold, as well as European Goldfields.

Negus Mine was a gold producer at Yellowknife, Northwest Territories, Canada, from 1939 to 1952. It produced 255,807 troy ounces (7,956.5 kg) of gold from 490,808 tons of ore milled. The underground workings were acquired by adjacent Con Mine in 1953 and were used for ventilation purposes until Con Mine closed in 2003.

The Burwash Mine was a small gold property discovered in the fall of 1934 by Johnny Baker and Hugh Muir at Yellowknife Bay, Northwest Territories. The town of Yellowknife did not exist yet at that point, but the discovery of gold at Burwash was the catalyst that brought more gold prospectors into the region in 1935 and 1936. A short shaft was sunk in 1935–1936 at Burwash, and in the summer of 1935 a 16-ton bulk sample of ore was shipped to Trail, British Columbia for processing, yielding 200 troy ounces (6.2 kg) of gold. The mine did not become a substantial producer and it is believed the gold vein was mined out.

The Discovery Mine was a gold mine 84 kilometers northeast of Yellowknife, Northwest Territories that operated between 1950 and 1969. Gold was discovered here by Alfred Giauque in 1944. A complete townsite, on Giauque Lake, was established by the company to house workers and their families. The mine produced one million troy ounces (31,000 kg) of gold from one million tons of ore. The abandoned townsite, not accessible by road, was demolished in 2005.

The Camlaren Mine was a small gold mine 80 km (50 mi) north-east of Yellowknife, Northwest Territories, Canada at Gordon Lake. It consists of a property totaling about 981 hectares. The two claims that make up the property were staked in 1936 by prospectors Don Cameron and the Mclaren brothers and developed with two shafts during 1937–1938. The name "Camlaren" is a portmanteau of Cameron and McLaren. Conditions attributed to World War II halted development at Camlaren in 1939.

<span class="mw-page-title-main">Ruth Mine</span>

The Ruth Mine was a small gold producer about 65 kilometres (40 mi) east of Yellowknife, Northwest Territories. It operated briefly during 1942 and resumed operations in 1959, extracting to date 550 troy ounces of gold.

Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995, the New York Stock Exchange in 2007, and the London Stock Exchange in 2020. The company became a gold producer after its 2003 re-restructuring in which Peter Marrone took over as chief executive officer and it merged with Brazilian company Santa Elina Mines Corporation. The combined company was able to use Yamana's access to capital with Santa Elina development properties to bring the Chapada mine into production. From there the company combined with other TSX-listed companies RNC Gold, Desert Sun Mining, Viceroy Exploration, Northern Orion Resources, Meridian Gold, Osisko Mining and Extorre Gold Mines which each contributed either a producing mine or a development project that was able to come into commercial production. The company was acquired by Pan American Silver in March 2023.

The mining industry of Botswana has dominated the national economy of Botswana since the 1970s. Diamond has been the leading component of the mineral sector since large-scale diamond production began in 1972 by Debswana. Most of Botswana's diamond production is of gem quality, resulting in the country's position as the world's leading producer of diamond by value. Copper, gold, nickel, coal and soda ash production also has held significant, though smaller, roles in the economy.

Lundin Mining Corporation is a Canadian company that owns and operates mines in Sweden, United States, Chile, Portugal and Brazil that produce base metals such as copper, zinc, and nickel. Headquartered in Toronto, the company was founded by Adolf Lundin and operated by Lukas Lundin. While it was incorporated to pursue an interest in a diamond mine in Brazil, the company re-structured and raised funds to develop the Storliden mine in Sweden. It purchased the Swedish Zinkgruvan Mine from Rio Tinto and then merged with Arcon International Resources for its Galmoy Mine in Ireland and Eurozinc for its Neves-Corvo mine in Portugal. The company subsequently purchased and operated the Eagle mine, Candelaria mine, and Chapada mine.

Bard Ventures Ltd. was a Canadian mining and exploration company headquartered in Vancouver. The company conducted exploratory drilling to assess mineral rights within the Lone Pine Molybdenum Property outside of Houston, British Columbia, specifically focusing on molybdenum. The company has also held interests in several other projects, including a 50% interest in the Wasi Creek Zinc Lead Silver Project, outside of Mackenzie, British Columbia.

Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of silver-containing properties.

<span class="mw-page-title-main">Abitibi gold belt</span> Region of Canada that extends from Wawa, Ontario to Val-dOr, Quebec

Sandstorm Gold Ltd. is a Canadian company that provides funding to mining companies in exchange for royalties, principally in the form of net smelter returns and streams. The company focuses on precious metals but did spin off Sandstorm Metals & Energy Ltd. in 2010 as a separate TSX Venture Exchange-listed company to make volumetric production payment transactions in the base metal and fossil fuel sectors, then bought it back in 2014. Sandstorm Gold graduated from the TSX Venture Exchange to the Toronto Stock Exchange and began listing shares on the New York Stock Exchange in 2012.

Wheaton Precious Metals Corp. is a Canadian multinational precious metals streaming company. It produces over 26 million ounces and sells over 29 million ounces of silver mined by other companies as a by-product of their main operations.

New Gold Inc. is a Canadian mining company that owns and operates the New Afton gold-silver-copper mine in British Columbia and the Rainy River gold-silver mine in Ontario, Canada. Through a Mexican subsidiary company, they also own the Cerro San Pedro gold-silver mine in San Luis Potosí, Mexico, which ceased operation in 2017. While New Gold was founded in 1980 for the purposes of mineral exploration, the company became a mine operator with its merger of Peak Gold and Metallica Resources in 2008. A fourth company, Western Goldfields, joined in 2009. Together they operated the Peak mine in Australia and Mesquite Mine in California but sold both in 2018. Headquartered in Toronto, shares of the company are traded on the Toronto Stock Exchange and NYSE American.

<span class="mw-page-title-main">First Majestic Silver</span> Canadian silver mining company operating in Mexico

First Majestic Silver Corp. is a Canadian silver-mining company that operates in Mexico and the United States. It has four producing mines under its control: San Dimas Silver/Gold Mine, Santa Elena Silver/Gold Mine, La Encantada Silver Mine, and Jerritt Canyon Gold Mine. First Majestic also produces and sells its own bullion rounds and bars.

Seabridge Gold is a Canadian company that is pursuing the development of the Kerr Sulphurets Mitchell ("KSM") gold-silver-molybdenum-copper mine in northwest British Columbia. Headquartered in Toronto, the company is listed on the Toronto Stock Exchange and the New York Stock Exchange. The company was founded in 1979 as a mining company but, in 1999, re-organized to pursue exploration and development of gold deposits with a new board of directors and new management team. Of the mineral properties acquired between 2000 and 2002, the KSM project emerged as its core asset. The project advanced through its preliminary feasibility study and received its environmental assessment approval in 2014. The Company has completed new development plans and is actively looking for a partner to co-develop the project. KSM is one of the world’s largest gold/copper projects as measured by mineral reserves and resources. Seabridge also owns several other mineral properties, including the Courageous Lake project in Northwest Territories, the Iskut project in northwest BC, the Snowstorm project in Nevada and the 3 Aces project in Canada’s Yukon.

<span class="mw-page-title-main">Guyana Goldfields</span> Canadian mining company

Guyana Goldfields was a Canadian company that owned and operated the Aurora gold mine in Guyana. Before being acquired by Zijin Mining in 2020, Guyana Goldfields was a publicly traded company with shares listed on the Toronto Stock Exchange and previously TSX Venture Exchange. Beginning in 1996 the company acquired exploration rights to the former Peters and Aurora mines with the objective of utilizing modern exploration technology to re-evaluate the potential gold reserves. Following positive exploratory results, the company received financing from the International Finance Corporation and other investors and conducted economic and technical feasibility studies. The Aurora gold mine began commercial production in 2015 and has produced approximately 125,000 to 160,000 ounces of gold per year from the mine since then. These lower than expected results and a revised technical study that significantly lowered the recoverable reserves estimates, led to the removal of the CEO and directors involved in making the investment decision and a class action lawsuit alleging misrepresentations in public disclosures.

Kirkland Lake Gold Inc. was a Canadian gold mining company, based in Toronto, that owned and operated several gold mines in Canada and Australia.

References

  1. Silke, Ryan. 2009. "The Operational History of Mines in the Northwest Territories, Canada" Self Published, November 2009.
  2. "Trivello Acquires Historic Tom Mine in Northwest Territories". Trivello Energy Corp. Press Release. Archived from the original on 2010-02-14.