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Scott Chibougaman Mines Limited
Share Certificate No. 0435, 500 shares, Scott Chibougaman Mines Limited, John Kyless, Quebec, 29 January 1937. Chibougamau Quebec mining scripophily, Great Depression
The Chibougamau region, in northern Quebec, was the subject of intense mining activity in the 1930s, attracted by the presence of copper, gold, and zinc ores. Scott Chibougaman Mines Limited is one of the many junior companies created to exploit or attempt to exploit these northern mineral riches. This certificate for 500 shares, issued in January 1937 in the depths of the Great Depression in the name of John Kyless, represents a speculative investment in hope of a mining breakthrough in this hard-to-reach Quebec hinterland. The spelling 'Chibougaman' (without the second 'u') is an old variant of the name of the town of Chibougamau, officially founded in 1952. This document bears witness to the mining fever that gripped Quebec in the 1930s, due to the Great Depression, when the price of gold had then soared.