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Cobalt

Cobalt is a town in the district of Timiskaming, province of Ontario, Canada, with a population of 1,133 (as per the Canada 2011 Census.)In 2001 Cobalt was named "Ontario's Most Historic Town" by a panel of judges on the TV Ontario program Studio 2, and in 2002 the "Cobalt Mining District" was designated a National Historic Site of Canada.HistorySilver was discovered in the area in the summer of 1903, during the construction of the Temiskaming & Northern Ontario Railway from North Bay to the communities of Haileybury and New Liskeard, north of Cobalt. Within a few years the area was one of the largest silver producing areas in the world. Speculation over mining stocks led to riots on Wall Street in New York City. The town was incorporated in 1906. Its population swelled and peaked at 7,000. In 1911, silver production exceeded 30,000,000 ounces (937.5 tons). Mining continued until the 1930s, then slowed to a trickle. Activity renewed in the 1950s then slowly dropped off, and there are no longer any operating mines in the area. However, one mill still operates in the area, and exploration for diamonds and other minerals is ongoing.
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