GOLD MINING

first copper mines to pay dividends in keweenaw

Timeline of Michigan Copper Mining Prehistory to 1850 .

1771 Alexander Henry makes the first English attempt to mine copper on the Keweenaw Peninsula near the Ontonagon River. At the time, the nearest English settlement is nearly 300 miles away at Sault Saint Marie and the region is completely undeveloped and mostly unmapped.The Keweenaw Point Copper Mine Fatalities Central was once home to 1200 people. Central was the only mine in Keweenaw County to pay a dividend in 1882. A record amount of 2,512,886 pounds of copper was produced; yet, due to expenses at the mine, only $40,000 in dividends were paid. It was sold to the Frontenac Copper Company in 1905 and later absorbed by Calumet & Hecla.Central - Keweenaw County Historical Society Central was the only mine in Keweenaw County to pay a dividend in 1882. A record amount of 2,512,886 pounds of copper was produced; yet, due to expenses at the mine, only $40,000 in dividends were paid. Central installed a second man engine, this one at the No. 2 shaft in 1886, but the fissure copper was running out.Copper Mine Tours - Keweenaw Convention & Visitor’s Bureau America’s first mining boom began as prospectors and speculators rushed to mine deposits of native copper along the Keweenaw Peninsula. For 99 years Quincy mined these deposits and its impressive string of dividends earned it the name of “Old Reliable”. Today, the Quincy Mine Hoist Association offers tours of this National Historic Landmark.

Keweenaw County History 1883 - MFHN

The first dividend paid in the copper region was earned by the Cliff Mine and paid in 1849, amounting to $60,000. In 1854, while driving north in the seventh level, a mass was found eighty feet in length and twenty feet in breadth, and of such an enormous bulk that a sand blast of several kegs of powder failed to stir it.Keweenaw Peninsula Copper Mines - Mining History Association Keweenaw Peninsula Copper Mines. Houghton, Michigan. June 8, 1997 (Reconstructed 2020) PHOTO GALLERY 1 of 4 . The dozens of mines of the Michigan Copper Country were located inland along the spine of the Keweenaw Peninsula which juts out into Lake Superior. Highway 41 from Houghton to Copper Harbor follows trend of the copper lodes.The Cliff: America's First Native Copper Mine: Rocks . The Cliff Mine, discovered in 1844, is located on the Keweenaw Peninsula of Upper Michigan in the heart of the “Copper Country.” The huge masses of native copper, up to 100 tons, that were encountered turned the Cliff into a successful mining operation and made it the first mine on the “Keweenaw” to pay dividends to stockholders.Timeline of Michigan Copper Mining Prehistory to 1850 . 1771 Alexander Henry makes the first English attempt to mine copper on the Keweenaw Peninsula near the Ontonagon River. At the time, the nearest English settlement is nearly 300 miles away at Sault Saint Marie and the region is completely undeveloped and mostly unmapped.

Michigan-Copper-Mines - Mining Artifacts

The first dividend of any mine in the Keweenaw was a $60,000 dividend declared on May 21, 1849 by the Cliff. The Cliff mined a fissure vein of native copper in Precambrian conglomerate and basalt beds. The vein was nearly vertical, dipping steeply to the east, and running north-south, nearly perpendicular to the strike of the enclosing beds.Keweenaw County History 1883 - MFHN The first dividend paid in the copper region was earned by the Cliff Mine and paid in 1849, amounting to $60,000. In 1854, while driving north in the seventh level, a mass was found eighty feet in length and twenty feet in breadth, and of such an enormous bulk that a sand blast of several kegs of powder failed to stir it.Changing of the guard on the copper range - The Daily Mining . The Cliff was the first profitable mine in the Upper Peninsula. Opened on a fissure vein in 1845, the Cliff paid its first dividend of $60,000 in 1849. The Minesota mine, opened in 1848, paid its first dividend of $30,000 in 1852. These were the first two mines to pay a return to their investors.Allouez Conglomerate Mine, Allouez, Keweenaw Co., Michigan, USA 10.5km S. An underground copper mine consisting of four shafts located near Allouez, just north of Calumet. The Allouez Mining Company was organized in 1859 and began exploration work on the Allouez Conglomerate Lode. The first shaft was not sunk until 1869 and produced the company's first copper. Shortly thereafter, a second shaft was sunk.

The Cliff: America's First Native Copper Mine: Rocks .

The Cliff Mine, discovered in 1844, is located on the Keweenaw Peninsula of Upper Michigan in the heart of the “Copper Country.” The huge masses of native copper, up to 100 tons, that were encountered turned the Cliff into a successful mining operation and made it the first mine on the “Keweenaw” to pay dividends to stockholders.FOURTH THURSDAY IN HISTORY: Revealing the Cliff Mine . The first Keweenaw mine to pay its investors a dividend, the Cliff operated successfully until 1869, when production dropped for the first time. Different mining companies continued to work the lode on and off until 1931; the shafts were finally capped in the 1960s. Today, only remnants of this once-mighty mine mark the landscape: poor rock .Keweenaw Michigan field trip The first dividend of any mine in the Keweenaw was a $60,000 dividend declared on May 21, 1849 by the Cliff. Since this area was wilderness when the first mining was going on, it was necessary for the mining companies to construct housing for the miners, erect stores and sawmills, and start farming operations for food for the miners and animals.Keweenaw County History 1883 - MFHN The first dividend paid in the copper region was earned by the Cliff Mine and paid in 1849, amounting to $60,000. In 1854, while driving north in the seventh level, a mass was found eighty feet in length and twenty feet in breadth, and of such an enormous bulk that a sand blast of several kegs of powder failed to stir it.

Alexander Agassiz - Department of Geological and Mining .

The town of Red Jacket (now named Calumet) formed next to the mine. Under Agassiz’ expert management, the Hecla Company paid its first dividend in 1868, and the Calumet Company began paying dividends in 1869. The two companies merged in May 1871 to form the Calumet & Hecla Mining Company, with Quincy Adams Shaw as its first president. In .Changing of the guard on the copper range - The Daily Mining . The Cliff was the first profitable mine in the Upper Peninsula. Opened on a fissure vein in 1845, the Cliff paid its first dividend of $60,000 in 1849. The Minesota mine, opened in 1848, paid its first dividend of $30,000 in 1852. These were the first two mines to pay a return to their investors.The Cliff: America's First Native Copper Mine: Rocks . The Cliff Mine, discovered in 1844, is located on the Keweenaw Peninsula of Upper Michigan in the heart of the “Copper Country.” The huge masses of native copper, up to 100 tons, that were encountered turned the Cliff into a successful mining operation and made it the first mine on the “Keweenaw” to pay dividends to stockholders.Central Mine (MRDS #10082614) CU Keweenaw Copper: Ownership information. Type: Owner: . FIRST MINE TO PAY ALL EXPENSES IN ITS FIRST YEAR, THEN PAID DIVIDENDS FOR 40 YEARS.

Alexander Agassiz - Department of Geological and Mining .

The town of Red Jacket (now named Calumet) formed next to the mine. Under Agassiz’ expert management, the Hecla Company paid its first dividend in 1868, and the Calumet Company began paying dividends in 1869. The two companies merged in May 1871 to form the Calumet & Hecla Mining Company, with Quincy Adams Shaw as its first president. In .Keweenaw Michigan field trip The history of copper mining in the area is intimately tied into the Calumet and Hecla company (C&H). This was the largest mining company in the area and produced the bulk of the copper mined. If the dividends paid by the Calumet and Hecla were not included in the totals, the investors in mines in the district would have just broken even.The Pewabic Copper-bearing Amygdaloidal Lode, Houghton County . The huge masses of native copper, up to 100 tons, that were encountered turned the Cliff into a successful mining operation and made it the first mine on the “Keweenaw” to pay dividends to .GC23J86 Keweenaw Copper (Earthcache) in Michigan, United . The Keweenaw Peninsula & Copper. The Keweenaw Peninsula is the site of the first major copper boom in the United States. The Keweenaw Peninsula is home to the largest and oldest lava flow on Earth and produced the only strata on earth where large scale copper mining was able to extract 97 percent pure native copper.