The price of gold has been hovering around $1,300 an ounce lately, down more than 25 percent from its peak of over $1,800 in 2011. In times past, that would have been a sure signal for the bottom to fall out of the economy in many of Nevada’s rural counties, for which the boom-and-bust cycles of the mining business come as regularly as a spectacular desert sunrise. But, … [Read more...] about Rural Nevada: All Boom No Bust
Newmont Mining
Industry Focus: Mining
Mining in Nevada is an industry that has been thriving despite the economic instability of the past several years. Nevertheless, the industry still faces many challenges ranging from public perception and workforce outlook to restoration and regulatory delays. Mining executives representing companies from the industry recently met at the Reno offices of City National Bank to … [Read more...] about Industry Focus: Mining
Mining in Nevada: The State of the Industry
The state, and hence the future, of Nevada’s mining industry may hinge less on what legislators and Nevadans think of Senate Joint Resolution 15 (SJR15), which would remove the mining industry’s 5% tax cap on net proceeds from the Nevada Constitution, and more on how they perceive the mining industry in general: a bunch of dirty guys with pickaxes. The debate over tax policy … [Read more...] about Mining in Nevada: The State of the Industry
Mining in 21st Century Nevada
Flannel shirt, pickax, maybe a battered tin for separating out the gold ore. That’s one historical and most likely imaginary picture of mining in Nevada. Nope, not accurate. Mining in the 21st century is a highly technical field that utilizes computer modeling, satellites and GPS locations. “A lot of mining operations have very large remote control of operations, so … [Read more...] about Mining in 21st Century Nevada