Skip to content

FNX Mining founder among mining hall of fame inductees

Canadian Mining Hall of Fame will induct new members in January.
Terry MacGibbon, who founded FNX Mining, will be inducted into the Canadian Mining Hall of Fame this coming January. (Supplied photo)

Terry MacGibbon, who founded FNX Mining to concentrate on mining nickel in the Sudbury basin, is being inducted into the Canadian Mining Hall of Fame.

MacGibbon and three other inductees — Ross Beaty, Bob Gannicott and Ed Thompson — will be inducted during the CMHF’s 30th annual dinner and induction ceremony in Toronto in January.

“The Canadian Mining Hall of Fame is proud to recognize these four outstanding individuals for their lasting contributions to the mining industry, both here in Canada and across the globe,” said Bill Roscoe, chair of the Canadian Mining Hall of Fame, in a release.

“Thanks to their leadership, these individuals have been instrumental in growing the sector while enhancing its contributions to society and promoting sustainable development.”

In 2001, MacGibbon was retired from INCO, having spent 30 years as a senior exploration executive. He purchased five surplus Sudbury properties from INCO, launching Fort Knox Gold Resources (FNX Mining), and within five years the company was producing 900,000 tons of ore and recording net earnings of $68.7 million. FNX merged with Quadra Mining in 2010 to become Quadra FNX Mining.

MacGibbon currently serves as chair of TMAC Resources, which he also founded, which owns 1,101 square kilometres of property in the Kitikmeot region of Nunavut, including the Doris, Boston and Madrid gold deposits.

TMAC poured its first gold from the Doris property in February and went into commercial production in May.

Founded in 1988 by the Northern Miner, the Mining Association of Canada, the Prospectors and Developers Association of Canada and the Canadian Institute of Mining, Metallurgy and Petroleum, the CMHF recognizes outstanding achievement in the mining industry, celebrates individual leadership and inspires future generations in mining. Inductees are selected through a fair, inclusive and accessible process driven by the CMHF Board of Directors and its member associations.