Gold in Nevada: Juniors Leading Resurgence

Though Nevada is known as the “Silver State,” it is one of the most productive gold jurisdictions in not only the United States, but also the world. This state, which hosts resource-rich areas such as the Cortez trend and Battle Mountain-Eureka trend, is responsible for nearly 7 percent of global gold production, according to the US Bureau of Land Management (BLM). In recent years, gold mining companies have been lured to far-flung regions, but some expect to see a resurgence of interest in Nevada.

The state has a long mining history that includes the early 1900s boom and bust story of Goldfield. This historic mining town is said to have grown from a handful of tents to the largest city in Nevada, boasting a population of around 20,000 after a span of about four years. The BLM states that Nevada has an estimated 300,000 abandoned mine features, remnants of the state’s rich mining past.

It was the 1962 discovery of the prolific Carlin trend that revived interest in Nevada’s gold-mining industry and gave rise to the thriving gold industry that exists in the state today. Considered one of the world’s premier gold fields, the Carlin trend is credited with driving innovations such as the now common open-pit and heap-leach operations.

Newmont Mining (TSX:NMC,NYSE:NEM) started producing gold from the Carlin deposit in 1965. Nearly half a century later, the company is still working in Nevada and has 14 open-pit mines, four underground mines and 14 processing facilities.

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