Along with the company came a school, horses and smithy, company store and increased population to about 200. The Dickie Lumber Company created a wage based economy in Mud Lake, although the company issued its own currency which could only be spent in the company store. After the Company left, bankrupt, around 1910, this settlement returned to a life of subsistence trapping and fishing, and people traded their furs and game for supplies at the Hudson's Bay Post.

Many families maintain this traditional non-wage lifestyle today, fishing and hunting to provide food, trapping for furs to buy other goods and services in HV-GB. Some Mud Lake residents have found employment in HV-GB.

This community of 60 people boasts a church, a K-9 school and a community hall. Unfortunately, since there is no high school offered in Mud Lake, the young people have to relocate outside of the community to finish their secondary education. Mud Lake is isolated from the other communities in the zone by the Churchill River, but it is accessible by boat in the summer and fall and by snowmobile in the winter and spring.

Source: http://www.central-labrador.nf.ca/region.htm