Homestake Mining Company
Encyclopedia
The Homestake Mining Company was one of the largest gold
mining businesses in the United States from the 19th century through the beginning of the 21st. It was merged into the Canadian-based Barrick Gold Corporation in 2002.
Homestake's first and most famous operation was the Homestake Mine
in Lead, South Dakota
.
George Hearst
, Lloyd Tevis
, and James Ben Ali Haggin
, bought the Homestake Mine property from its discoverers for $70,000, and founded the Homestake Mining Company to operate it. They began selling shares in 1879. Homestake would become the longest-listed stock in the history of the New York Stock Exchange
.
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
mining businesses in the United States from the 19th century through the beginning of the 21st. It was merged into the Canadian-based Barrick Gold Corporation in 2002.
Homestake's first and most famous operation was the Homestake Mine
Homestake Mine (South Dakota)
The Homestake Mine was a deep underground gold mine located in Lead, South Dakota. Until it closed in 2002 it was the largest and deepest gold mine in North America, producing more than 40 million ounces of gold. The Homestake Mine is famous in scientific circles for being the site at which the...
in Lead, South Dakota
Lead, South Dakota
Lead is a city in Lawrence County, South Dakota, United States. The population was 3,124 at the 2010 census. Lead is located in western South Dakota, in the Black Hills near the Wyoming state line.-History:...
.
George Hearst
George Hearst
George Hearst was a wealthy American businessman and United States Senator, and the father of newspaperman William Randolph Hearst.-Early life and education:...
, Lloyd Tevis
Lloyd Tevis
Lloyd Tevis was a banker and capitalist who served as president of Wells Fargo & Company from 1872 to 1892.-Early life:...
, and James Ben Ali Haggin
James Ben Ali Haggin
James Ben Ali Haggin was an Turkish Americanattorney, rancher, investor and a major owner/breeder in the sport of Thoroughbred horse racing...
, bought the Homestake Mine property from its discoverers for $70,000, and founded the Homestake Mining Company to operate it. They began selling shares in 1879. Homestake would become the longest-listed stock in the history of the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
.