Dome Mines Explained

Dome Mines Limited
Former Name:Dome Mines Company
Industry:Mining
Fate:Merged with Placer Development
Successor:Placer Dome
Hq Location City:Toronto, Ontario

Dome Mines Limited was a Canadian mining company that existed from 1910 to 1987. It has been the largest gold producer in Canada and in North America.

The company was formed to operate the Dome Mine in Timmins, Ontario, and expanded to operate mines Ontario and Quebec. Dome Petroleum was formed in 1950. The company was acquired by Barrick Gold in 2006.

History

Headquartered in Toronto, Dome was established in 1910[1] to operate the Dome Mine in Timmins, Ontario after a major discovery by a group working for W. S. Edwards in May 1909.[2] The company later became Canada's largest gold producer.[1] For most of its existence, Dome Mines was Canada's largest gold producer.

Workers for subsidiary Dome Exploration, discovered the ore that became the Campbell Mine in Balmertown in 1944. Dome Exploration then became Campbell Red Lake Mines Limited.[3] Other subsidiaries were Kiena Gold Mines Limited and Sigma Mines in Quebec.[4]

The company entered the petroleum industry in 1950 with the creation of Dome Petroleum.

In 1987, under the leadership of Fraser M. Fell, Dome merged with the Vancouver mining company Placer Development to form Placer Dome. The new merged entity became the largest mining company in North America.

In 2006 Barrick Gold acquired Placer Dome.

Leadership

President

John F. H. McCarthy, 1910
William S. Edwards, 1911
Ambrose Monell, 1912–1914
Joseph R. de la Mar, 1915–1918
Jules S. Bache, 1919–1942
Clifford W. Michel, 1943–1958
James B. Redpath, 1959–1977
Malcolm A. Taschereau, 1978–1983
C. Henry Brehaut, 1983–1987

Chairman of the Board

Jules S. Bache, 1943–1944
Clifford W. Michel, 1959–1976
Maj-Gen A. Bruce Matthews, 1976–1983
Fraser M. Fell, 1983–1987

References

  1. Book: Cousineau . Eric . Richardson . Peter R. . Gold, the World Industry and Canadian Corporate Strategy . 1979 . Centre for Resource Studies, Queen's University . 978-0-88757-013-1 . 128 .
  2. Book: Girdwood . Charles P. . Jones . Lawrence F. . Lonn . George . The Big Dome: Over Seventy Years of Gold Mining in Canada . 1983 . Cybergraphics Company . 10762449 . 18 .
  3. Suorineni . F T . Kaiser . P K . Mgumbwa . J J . Thibodeau . D . Mining of orebodies under shear loading Part 1 – case histories . Mining Technology . September 2011 . 120 . 3 . 137–147 . 10.1179/1743286311Y.0000000012 . 131252125 .
  4. News: . Dome Mines Limited . Financial Post . 19 July 1986 . 22 .