Alaska-Juneau Gold Mining Company north side of Douglas Island. In 1922, the office and records were moved to the AJGMC mining area on the other side of the Gastineau Channel. After the Alaska-Juneau mine closed in 1944 because of the World War II labor shortage, AJGMC sold its hydroelectric power to Alaska Electric Light & Power, Juneau's local utility company. In 1972, AEL&P purchased all of the AJGMC holdings. Alaska-Juneau Gold Mining Company The Alaska-Juneau Gold Mining Company (AJGMC) was incorporated under the laws of West Virginia, USA in 1897. Its lode mining claims covered approximately on the wide vein called the Juneau gold
Juneau mining district Inlet to Holkam Bay. French Canadian prospector Pierre Erussard, known as "French Pete," found gold on Douglas Island, across Gastineau Channel from Juneau. A consortium led by John Treadwell, a carpenter from California, purchased the claims and adjoining gold-bearing land. The resulting mine/mill complex produced more than 3 million troy ounces (93 tonnes) of gold before closing in 1922. The underground Kensington hardrock mine is approximately north of Juneau. The mine site is within the City and Borough of Juneau and the Tongass National Forest. Development and ore production occurred at the Kensington mine site from 1897 through 1938. The