First Gold Rush: Mining in Malartic
In 1934, the price of gold rose dramatically from $20 to $35 per ounce. As a result the gold rush found its way to Abitibi-Témiscamingue. Within five years, about 20 gold mines went into operation in the region. The town of Malartic was founded in 1939 and soon became hallmark of gold production in the region.
Former gold producers in the Malartic mining camp included:
Canadian Malartic Gold Mines Limited
East Malartic Gold Mines Limited
Barnat/Sladen Mines Limited