Word: timminses
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The pushbutton ceremony climaxed one of the great hands-across-the-border industrial ventures of modern times. As long as half a century ago, geologists were sure that iron ore lay buried beneath the lichens of barren Ungava, but there seemed no practical and profitable way of moving it from...
Copps got his first full-time job at the age of 16 in the Mclntyre gold mine in Timmins, Ont. It was during the Depression; the price of gold had jumped from $20.67 to $35 an ounce, and he earned $45 a week as a drill bit sharpener. Three years...
Thomson, the son of a Toronto barber, learned how to read a balance sheet the hard way. He quit school in Toronto at 14, began to clerk in a fishing supply store, starting at $5 a week. Within ten years he had invested his small savings so shrewdly that he...
Iron for Gold. For simple survival, an operator of Humphrey's caliber must have an instinct for projecting trends-political as well as economic-into the future. "In extraction industries," he says, "you have to look ahead or you will find that you have got everything out of the...
Humphrey flew to Canada to buttonhole Timmins. The land lay in desolate territory some 300 miles north of the Gulf of St. Lawrence, in an area called "Ungava"-Eskimo for "faraway." Said Humphrey to Timmins: "What if you found $100 million worth of gold up there? Would anybody build a...