The Timmins -Val d'Or "Gold Belt" of Ontario-Quebec

"THE GOLD MINING REGION of Timmins - Val d'Or, astride the Ontario-Quebec border, has long suffered the effects of rising costs during the period when the U.S. price of gold was fixed at $35 per ounce. The federal government, through such assistance programs as that set up under the Emergency Gold Mining Assistance Act (E.G.M.A. ) in 1948, has subsidized the gold mining communities of Canada for a total of over $300 million to March 31, 1972. Of this, the Timmins - Val d'Or ""gold belt"" has received more than twothirds, almost $220 million. In spite of these continuous subsidies, only 12 gold mines are still producing in the Timmins - Val d'Or belt, whereas 71 mines have received subsidies for some period since 1948. The vital question is how the communities previously supported principally by the mining of gold will survive in the long run, as many of the older mines either are already depleted or are quickly becoming so. With the rising price of gold on the 'free market in recent months, prospects look a little brighter for the time being. Even with the increased official price of U.S. $38, which made the maximum government subsidized price about $48 per ounce, gold mines have not sold any gold to the government since January 1972 and some stopped doing so months before that. The populace of the region has not been enthusiastic about relocation nor about extensive retraining programs in the past and probably will not be in the future. So, when the remaining gold mines become depleted, the old problems of community depression will remain."