In 1911, the 34 mines produced over 30 million ounces (937.5 tons) of silver. : 32, 40īy 1908, the camp was considered the world's largest producer of silver and of the cobalt which is a byproduct of the process. Speculation over mining stocks on Wall Street in New York City required mounted police to control the crowds. : 18 The 40-Stamp Mill of the Cobalt Lake Mine, around 1914 The Timmins brothers bought the remaining claims from Fred La Rose, and erected some cabins. In 1904, Willet Miller, on a visit to Mile 104 on the T&NO, along with brothers Noah and Henry Timmins, named the future town Cobalt. The subsequent Cobalt silver rush led to the development of the McKinley Darragh, La Rose, Nipissing, and O'Brien silver mines. The silver from both sites was consistently high-grade. Later that year, Tom Hébert found a rich vein on the east side of Cobalt Lake and began a business with hotel owner Arthur Ferland.
The discovery was made in 1903, near Long Lake (later called Cobalt Lake), by Ernest Darragh and James McKinley, who were supplying railway ties. Silver was discovered in the area during the construction of the Temiskaming & Northern Ontario Railway (T&NO) from North Bay to the communities of Haileybury and New Liskeard, north of Cobalt. Logan discovered cobalt in 1884 at the future site of the Agaunico Mine, one mile south of Haileybury. History Lang Street in Cobalt, 1911 Silver mines in Cobalt, around 1918 Cobalt Street In late 2017 one publication referred to Cobalt as a ghost town, but the high demand for cobalt, used in making batteries for mobile devices and electric vehicles, is leading to great interest in the area among mining companies. Mining declined significantly by the 1930s, together with the local population. By 1910, the community was the fourth highest producer of silver in the world. In the early 1900s, the area was heavily mined for silver the silver ore also contained cobalt. It had a population of 1,118 at the 2016 Census. Cobalt is a town in Timiskaming District, Ontario, Canada.
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