- May 2017
Yukon Gold Company
The Yukon Gold Company was a gold mining company during the late 19th century, extending into the 20th century. The Yukon Gold Company was a major player in the Klondike, or Yukon, Gold Rush. When the Klondike Gold Rush began, most of the mining was performed by hand. In order to create dredges, placer gold mining machines that extract gold from sand or dirt using water and mechanical methods, miners had to find financial support (Gates). The major mining companies during the early 1900s were the Yukon Gold Company and the Canadian Klondike Mining Company. These companies merged into the Yukon Consolidated Gold Corporation (YCGC), or “The Company,” in 1923. By 1934, The Company was operating five dredges (Bostock). As the YCGC expanded, individuals created smaller mini gold rushes along the Indian and Stewart Rivers. During the 1930s, the general manager of the YCGC planned to expand the company by adding three additional dredges and new support facilities (Yukon Consolidated Gold Company Limited). The YCGC was largely successful in the 1930s due to the prevalence of cheap labor and materials, but the beginning of World War II quickly stunted this growth. The price of gold dropped significantly and the YCGC only briefly recovered to their pre-war prices in the late 1940s. The price of labor and materials increased until the YCGC stopped operation in 1966. Images of the gold dregs can be found below.
References: Bostock, H. S. "The Mining Industry of Yukon, 1934." Canada Department of Mines Geological Survey, 2387th ser. (1935). Accessed May 03, 2017. http://yukondigitallibrary.ca/Publications/MiningIndustryYukon1934/Mining%20Industry%20of%20Yukon%201934.pdf
"Fonds yuk-971 - The Yukon Consolidated Gold Corporation Limited fonds." The Yukon Consolidated Gold Corporation Limited fonds - Alberta On Record. Accessed May 03, 2017. https://albertaonrecord.ca/yukon-consolidated-gold-corporation-limited-fonds.
Gates, Michael. Yukon News. September 02, 2011. Accessed May 03, 2017. http://www.yukon-news.com/letters-opinions/when-the-monster-machines-ruled-the-creeks