Gold ore was initially discovered at the mine's location around 1900 by Teme-Augama Anishnabai chief Ignace Tonené.

The increase in global gold prices caused the mine to reopen from 1990 until 1996, by which time over 12 million ounces had been produced.

Throughout the transfers surface and mining rights did not always stay with the same corporation, although the latest owner, Golden Candle, now holds both.

The mine is situated on the north east edge of Larder Lake, in the Timiskaming District of Ontario, Canada.

[4] In the very late 19th century, Ignace Tonené, chief of the Teme-Augama Anishnabai community, discovered gold ore on the side of Larder Lake.

[8] Kerr shared his analysis with William Addison, who visited the area in 1906 and discovered Dr Reddick of Ottawa already surveying it.

[8][7] The company drove four adits to explore mineral veins into a hill on the west of the property where they found low grades of gold.

[8] In 1987, owners Kerr-Addison Ltd sold the mine for $38 million to Golden Shield Resources Ltd, who started an ambitious exploration program.

[8]Golden Shield's assets were purchased by GSR Mining Corporation, a subsidiary of Deak Resources of Toronto.

[8] Golden Shield restarted mining operations in 1990 with $2 million financial support from the Ontario Heritage Fund,[8] which continued until 1996.

[3] During its ownership, the Ontario Ministry of the Environment fined Deak Resources $50,000 due to polluting effluent discharged into a waterway from the mine's Mill.

[18] In 1994, a study by Environment Canada documented "high concentrates" of nickel, gold, copper, lead and zinc in Larder Lake.

[19] In early 1997 McGarry township instructed bailiffs to seize assets at the mine and sell them to raise funds for unpaid taxes.

[25][26] The Ontario Government instructed Armistice Resources to decommission the site, but they refused and took their disagreement to an environmental and land tribunal in 2013.