Ward made a study of 61 gold producers with production in Canada, Canadian companies with total production outside Canada and companies outside Canada listed on Canadian stock exchanges. The purpose of the study, presented to the Toronto Geological Discussion Group, was to look at the head offices of the country’s gold producers and compare their rented quarters with their output. The results were delightfully insignificant.
Contrary to what the “eastern bias” of the industry has led many to believe, the office towers of Toronto — or “headframes” as Ward calls them — do not account for the greatest amount of gold produced. In fact, when ranking the five top gold producers of 1987, the office tower of Four Bentall Centre of Vancouver ranks first with 808,000 troy ounces. Second is Toronto’s Commerce Court with 647,000 oz and third is ManuLife Place in Edmonton with 501,000 oz. The Royal Bank Plaza and 95 Wellington St. W., both in Toronto, take fourth and fifth rankings with 318,000 and 315,000 oz respectively.
When it comes to reserves of in situ ounces, Four Bentall Centre is again first with 19.2 million oz, but second is 24 Hazelton Avenue in Toronto with 10.9 million oz. ManuLife Centre is third with 9.7 million oz, Commerce Court is fourth with 7.4 million oz and 1199 West Hastings St. in Vancouver is fifth with 5.2 million oz.
The purpose of all this exercise in statistics? Well, there really is none. But we can suggest a next step in the analysis. Determine how many people in the industry can identify the top gold producers by their address only.
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