Kerr Addison Mines Ltd.

Last updated
Kerr Addison Mines Limited
IndustryMining and natural gas
PredecessorAssociated Goldfields

Canadian Associated Goldfields
Kerr-Addison Gold Mines

Proprietary Mines Limited

Contents

HeadquartersToronto

Kerr Addison Mines Ltd was a Toronto-based mining and gas company that owned various mines throughout Canada, including the Agnew Lake Mine, [1] the Kerr-Addison Mine and Chesterville gold mine.

In the 1960s, Kerr Addison was Canada's largest gold producer.

The injury of a snowmobiler on company property in 1975 led to a Supreme Court of Canada judgement setting precedent for future Occupier's Liability cases in Canada.

History

In 1904, H. L. Kerr was prospecting for uranium around Larder Lake and identified an area that he wanted to return to. [2] Kerr spoke to Bill Addison, who visited the area in 1906. [2] Shortly afterwards they formally registered their claim, formed Kerr Addison Gold Mines, and started the Kerr-Addison Mine. [2] [3] Production was slow in initial years, and ownership of the mine officially changed hands three times, with the third owner being Associated Goldfields Limited, buying the mine in 1917. [4] [3] Associated Goldfields Limited became Canadian Associated Goldfields in 1921 and went bankrupt in 1928. Proprietary Mines Limited was then formed, and took over the mines, while also buying up additional sixteen claims. [5] [6] Kerr-Addison Mines Limited was incorporated in 1963, out of a merger of Kerr-Addison Gold Mines, Anglo-Huronian, Bouzan Mines and Prospector Airways [7] [2] and bought the Kerr-Addison mine from Canadian Associated Goldfields Limited in 1937. [8] In 1957, the company bought the neighbouring Chesterville gold mine. [8]

In 1978, the executive vice president was P. S. Cross, WIliam James was the CEO, and W. S. Row was the chairman of the board. [9]

As of 1982, Ian D. Bayer was the president and CEO and major shareholder. [10]

Influence on Occupier's Liability in Canada

The Supreme Court of Canada made a precedent-setting tort judgement in the Occupier's Liability case brought by Peter Veinot against Kerr Addison Mines Limited in 1975. [11] Veinot sustained serious facial injuries from hitting an iron bar while travelling on his snowmobile on Kerr Addison's land. [12] [13]

Activities

Activities included mining and processing zinc, gold, and uranium, as well as extracting natural gas. [10]

Surveying

Between 1959 and 1961, along with other mining companies, Kerr-Addison undertook aeromagnetic surveys throughout northwestern Ontario. [14]

Assets

Gold mining in McGarry

Kerr Addison owned the Kerr-Addison Mine near Larder Lake. [2] [8] Between 1938 and 1996, it produced more than 12 million ounces of gold, [15] and employed 2,500 people. [16] In 1964 Kerr Addison was Canada's largest gold producer, having produced $256,745,022 of gold from 28,516,503 tons of ore milled. [2]

Uranium mining at Agnew Lake

Kerr Addison had a 90% ownership stake in Agnew Lake Uranium Mine [17] taking over ownership from New Thurbois Mines Ltd and developing it in conjunction with Quebec Mattagami Minerals. [18]

From 1965 to 1967 undertook drilling before developing the site. [19] [20]

The company produced 1.1 million pounds of uranium oxide out of 2.8 million tons of ore between 1977 and 1983. [21] [22] Their clients included Swedish Nuclear Fuel. [23]

Other assets and revenue

Kerr Addison had a 75% ownership stake in Mogul Ireland Limited [17] as well as mining assets in British Columbia and Alberta. [9] [24]

As of 31 Dec 1977, the company had assets worth $57 million. [17]

Revenue, selected years
YearRevenue
1974$37.0 million [9]
1978$40.8 million [9]
1983$47.5 million [10]

See also

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References

  1. ↑ "Regulatory Oversight Report for Uranium Mines and Mills in Canada: 2015". nuclearsafety.gc.ca. 2014-02-03. Archived from the original on 2022-01-20. Retrieved 2022-01-20.
  2. 1 2 3 4 5 6 Savage, W. S. (1964). Mineral Resources and Mining Properties in the Kirkland Lake-Larder Lake Area (PDF). Frank Fogg, Printer to the Queen's Most Excellent Majesty. pp. 34–35. Archived (PDF) from the original on 2016-03-04. Retrieved 2022-01-21.
  3. 1 2 Kernot, Charles (1999). Valuing Mining Companies: A Guide To the Assessment and Evaluation of Assets, Performance and Prospects. Elsevier. pp. 21, 22. ISBN   9781782420095.
  4. ↑ J.P. Smith, E.T.C. Spooner, D.W. Broughton and F.R. Ploeger (1993). "Archean Au-Ag-(W) Quartz Vein/Disseminated Mineralisation within the Larder Lake - Cadillac Break, Kerr Addison - Chesterville System, North East Ontario, Canada" (PDF). Ministry of Northern Development and Mines. Archived (PDF) from the original on 2022-04-27. Retrieved 2022-04-27.{{cite web}}: CS1 maint: multiple names: authors list (link)
  5. ↑ Savage, W. S. (1964). Mineral Resources and Mining Properties in the Kirkland Lake-Larder Lake Area (PDF). Frank Fogg, Printer to the Queen's Most Excellent Majesty. pp. 34–35. Archived (PDF) from the original on 2016-03-04. Retrieved 2022-01-21.
  6. ↑ Kernot, Charles (1999). Valuing Mining Companies: A Guide To the Assessment and Evaluation of Assets, Performance and Prospects. Elsevier. pp. 21, 22. ISBN   9781782420095.
  7. ↑ Kernot, Charles (1999). Valuing Mining Companies: A Guide To the Assessment and Evaluation of Assets, Performance and Prospects. Elsevier. pp. 21, 22. ISBN   9781782420095.
  8. 1 2 3 J.P. Smith, E.T.C. Spooner, D.W. Broughton and F.R. Ploeger (1993). "Archean Au-Ag-(W) Quartz Vein/Disseminated Mineralisation within the Larder Lake - Cadillac Break, Kerr Addison - Chesterville System, North East Ontario, Canada" (PDF). Ministry of Northern Development and Mines. Archived (PDF) from the original on 2022-04-27. Retrieved 2022-04-27.{{cite web}}: CS1 maint: multiple names: authors list (link)
  9. 1 2 3 4 Kerr Addison Mines Limited Annual Report 1978 (PDF). Archived from the original (PDF) on 2022-01-20. Retrieved 2022-01-20.
  10. 1 2 3 Kerr Addison Mines Ltd. Annual Report 1983 (PDF). Archived from the original (PDF) on 2022-01-20. Retrieved 2022-01-20.
  11. ↑ Armatage, Susan (1975). "Peter Veinot v. Kerr Addison Mines Ltd". Osgoode Hall Law Journal. 13 (2): 345–353. doi: 10.60082/2817-5069.2203 . S2CID   151727185. Archived from the original on 2023-07-03. Retrieved 2022-03-24.
  12. ↑ Canada, Supreme Court of (2001-01-01). "Supreme Court of Canada - SCC Case Information - Search". scc-csc.lexum.com. Archived from the original on 2022-03-24. Retrieved 2022-03-24.
  13. ↑ Gibson, D. L., Murphy, T. G. (1990). All about Law : Exploring the Canadian Legal System. United Kingdom: John Wiley & Sons, Limited. p324
  14. ↑ Fraser, D. C. (1963). "Sun Chart Compass Corrections for Reconnaissance Mapping and Geophysical Prospecting in Areas of Magnetic Disturbance" (Document).{{cite document}}: Cite document requires |publisher= (help)
  15. ↑ Staff, Northern Miner (2021-05-30). "JV Article: Kirkland Lake Gold partnership could lead to world-class discoveries, says Stephen Stewart of Orefinders and Mistango". The Northern Miner. Archived from the original on 2022-01-27. Retrieved 2022-04-27.
  16. ↑ Berns, Michael (16 June 2016). "Affidavit of Michael Berns" (PDF). Archived (PDF) from the original on 20 June 2018. Retrieved 24 March 2022.
  17. 1 2 3 Information Booklet (PDF). 1978. Archived from the original (PDF) on 2022-01-20. Retrieved 2022-01-20.
  18. ↑ "Ontario Mineral Inventory Record MDI41I05NE00009: Agnew Lake Mine, Canadian Thorium Corporation Ltd. Property". www.geologyontario.mndm.gov.on.ca. Archived from the original on 2022-01-20. Retrieved 2022-01-20.
  19. ↑ "Agnew Lake Uranium Mine". Ontario Abandoned Places. Archived from the original on 2022-01-20. Retrieved 2022-01-20.
  20. ↑ Wilton, C. K. (1 Jan 1986). "Geology of the Agnew Lake Mine". www.onemine.org. Archived from the original on 2022-01-20. Retrieved 2022-01-20.
  21. ↑ Ross, Ian (1 March 2006). "Junior eyes copper-nickel mine near Agnew Lake". Northern Ontario Business. Archived from the original on 20 January 2022. Retrieved 20 January 2022.
  22. ↑ "Ursa eyes Agnew Lake uranium". The Northern Miner. 7 Nov 2005. Archived from the original on 2022-03-06. Retrieved 2022-01-20.
  23. ↑ "Swedish Nuclear Fuel to Buy Kerr Addison Uranium Oxide". The New York Times. 1977-02-11. ISSN   0362-4331. Archived from the original on 2022-01-20. Retrieved 2022-01-20.
  24. ↑ "Kerr-Addison Mine (Kerr Mine), McGarry Township, Timiskaming District, Ontario, Canada". www.mindat.org. Archived from the original on 2022-06-19. Retrieved 2022-01-20.
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