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Oct 16, 2019 · Even stranger still, perhaps, is an enduring belief among some that Ontario’s first gold mine could be the epicentre of Canada’s next gold rush, a mere two-hour drive northeast of downtown Toronto. The historical plaque in Eldorado, Ont. Photo by Peter J. Thompson/National Post
Oct 16, 2019 · Woodside didn’t appreciate the comment, but it wasn’t entirely uncalled for, not after he explained that the place she hoped would change her life had changed other lives when the Richardson gold mine, Ontario’s first, was discovered beneath it in 1866. “I didn’t know anything about rocks or mines or the story of Eldorado,” she said.
May 24, 2024 · IAMGOLD’s Cote Gold open pit mine, located off Highway 144 between Timmins and Sudbury, had its official ribbon-cutting ceremony this week as production ramps up. Cote primarily produces gold, with silver as a by-product. “Our production is growing, we’re still not at nameplate capacity yet,” said Bryan Wilson, general manager of Cote Gold.
May 24, 2024 · Cote Gold employs between 700 and 800 people and northern mayors are excited about its future. “Timmins and Sudbury get to share a lot of that, all those jobs … all the spinoffs for … for our economy,” said Paul Lefebvre, mayor of Greater Sudbury. “It's huge … this project that will possibly even be the largest gold mine in Canada.”.
Aug 3, 2024 · August 3, 2024. Iamgold (TSX: IMG; NYSE: IAG) has declared commercial production at its 60%-owned Côté mine in northern Ontario, the company’s third producing gold mine and second in Canada. The mine is forecast to produce 365,000 oz. gold over 18 years and cost C$1.9 billion to build.
Apr 12, 2023 · Canada’s First Mining Gold (TSX: FF) said on Wednesday it had identified additional mineralization at its Springpole gold project in Northwestern Ontario thanks to its 2022 drilling program. The ...
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“An ounce of gold can buy you a good suit a thousand years ago and today, which is a continuity that no currency could ever claim,” said Kevin Bullock, president and CEO, Anaconda Mining. The need to replace gold reserves drove M&A in 2021.
