Mining in Nevada

The State of Nevada is one of three premier gold-producing regions in the world. Nevada currently produces approximately 8 million ounces of gold annually and has produced over 100 million ounces in the last twenty years. Nevada ranks as the largest gold producing area in the United States (83%) and the third largest in the world (9%) behind South Africa and Australia.

In April 2002, the mines of the Carlin Trend (home of RSMs Railroad-Piñon deposits) reached a milestone 50 million ounces of gold production that were worth US$20 billion in today's dollars. The Carlin Trend (5 miles wide and 40 miles long) currently produces nearly 4 million ounces of gold annually, contributing approximately US$1.8 billion to Nevada's economy. Current levels of gold production total approximately 11 million ounces in the U.S., 8 million of which are produced in Nevada per year.

The Fraser Institute, a prestigious Canadian think tank, rated Nevada as having the best mineral governmental policies in the world in there 2003/2004 Annual Mining Survey. Overall, Nevada rated as the second best place in the world to explore for new mineral wealth.

Repeatedly, the mining industry experience has been that new, large and profitable gold deposits are most likely to be discovered in areas where large gold deposits are already known to occur and a second round of exploration is just beginning. The development of new geological models and state of the art exploration processes provide new and effective tools to assist in the discovery of multi-million ounce deposits in Nevada. Nevada's reserves represent over three quarters of the total known U.S. gold reserves. These resources are probably sufficient to sustain current production levels for the next decade.

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