Sunday, October 22, 2017

A little bit of gold ...

I enjoyed myself this week when the folks at Lake Shore Gold (Tahoe Timmins) poured their millionth ounce of gold. I am always amazed at the idea of gold. Here in Timmins, the entire city revolves around it. If you’re not mining it, you’re selling things to keep the mines in operation whether its fuel, shovels, trucks, timbers or tires. There was a time that the mines spent millions of dollars propping up the local economy. Then it became tens of millions of dollars. Now it’s hundreds of millions of dollars … all for a metal that doesn’t rust, doesn’t tarnish and is non-toxic.
Here’s the best part. People always talk about the Klondike Gold Rush. Well, that was indeed a rush, but it is tiny compared to Timmins. Lake Shore Gold  opened its mining operation in Timmins less than 10 years ago, finding gold on the west side of town,  nearly 100 years after the other big mines opened. The geologists keep saying there is lots of gold in Timmins that hasn’t been discovered yet. All they have to do is find it. By the way, the gold bar weighed in at 55 pounds ... $1.2-million.

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