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Nevada Mining Report.pdf

2004_economic_overview.pdf
Preview of Nevada Mining Report
🔗 Source: web.archive.org
📊 Size: 493 KB
👤 Author: Darcy Parker
⬇️ Downloads: 134

Summary

Nevada's minerals industry had an outstanding 2004 and first half of 2005 due to higher commodity prices for gold, silver, and copper, with the average gold price in 2004 at $410. Gold production fell to 6.94 million ounces, but Nevada remains the world's third-largest producer. Rising production costs, particularly energy costs, are a concern, with total cash production costs increasing to $250 per ounce. Net Proceeds of Minerals taxes paid increased slightly to $39.6 million, while other taxes paid by the industry remained at about $102.4 million. Exploration spending increased by 15% to $79.7 million, and employment and payrolls surged by 33.1% and 9.4%, respectively. Several new projects and expansions are underway, including Barrick Gold's extension of its Goldstrike operations and Newmont's construction of a 200 MW electrical generating plant.

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Nevada's minerals industry had an outstanding 2004 and first half of 2005 due to higher commodity prices for gold, silver, and copper, with the average gold...

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  • File Format: PDF
  • File Size: 493 KB
  • Pages: 32
  • Language: EN
  • Author: Darcy Parker
  • Total Downloads: 134
  • Last Updated: 13 hours ago

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