KIRKLAND LAKE, Ontario (Reuters) – With a gleam in his eyes, Sidney Hamden recalls the glory days of Kirkland Lake, the little Canadian mining town in northern Ontario that was long ago dubbed “The Mile of Gold”.
Hamden, a spry 82-year-old, remembers his first big break in 1947 at the Lake Shore mine, then one of the deepest gold mines in the world, producing 8.5 million ounces between 1918 and 1965.
“We had seven mines. I personally don’t know of any other place that had seven major mines within a radius of two miles,” said Hamden. “If I’m not mistaken, in 1948 there were approximately 50 different places to buy groceries around town. We had 17 different hotels in the Kirkland Lake area alone.” But Kirkland Lake’s fortunes waned through the 1950s and 1960s, as costs rose and the price of gold stagnated. Continue Reading →