![]() They looked like rustic old floating hotels. It was quite a sight to see one of those dredges – like great grey monsters, floating in a small lake created by the dredge itself. With the company going, the economy of this once booming town would no doubt suffer badly. I spent part of that summer of ’66 in Dawson, talking with people who had been with the company all of their working lives. That’s when gold was 16 dollars an ounce and the entire Canadian federal budget was 64 million dollars. ![]() Consider that, in 1904, YCGC operated seven dredges and took more than 24 million dollars worth of gold from the creeks. They had been an incredibly efficient means of getting gold out of the ground. In 1966, just one gold dredge worked the creeks of the Klondike. ![]() Now those great squealing hotel-like hulks would dig for gold no more. This conglomerate had dredged the Klondike creeks near Dawson City since the turn of the century. It was the year they shutdown the Yukon Consolidated Gold Corporation – YCGC.
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