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Hemlo Gold Mines is one of the most important and lowest cost gold producers in North America. The company owns and operates two mines with high gold reserves: the Golden Giant Mine located near Marathon, Ontario, and the Silidor Mine close to Rouyn-Noranda, Quebec. From these mines alone, Hemlo produced 492,100 ounces of gold in 1992. The company also has promising development properties in northeastern Ontario and in Montana, and is actively exploring additional mining sites in Australia and South America.
Like the proverbial pot of gold at the end of the rainbow, the Hemlo area in northwestern Ontario has been regarded for centuries as a land of riches. As early as 1535, French explorer Jacques Cartier was told by native North Americans of a gleaming, lustrous metal found in the North.
During their trip in 1665, coureurs de bois Radisson and Groseilliers reportedly traded for gold with the local tribes, and in 1869 a native prospector and guide, Moses PeKong-Gay, found gold nuggets in the Hemlo region. Continue Reading →