Gold mining in Nevada

In 2018 Nevada produced 5,581,160 troy ounces (173.6 tonnes), representing 78% of US gold and 5.0% of the world's production.

[2][4] Much of Nevada's gold production comes from large open pit mining using heap leaching recovery.

Gold was discovered in the vicinity of Carlin in Eureka County in the 1870s, but production was small.

It was not until the gold price escalated in the 1970s that mining companies began to target similar deposits.

[8] The Robinson district at Ely, Nevada produced about 3,000,000 troy ounces (93 t) of gold through 1990, as a byproduct of copper mining.

[2] All mineral and gold production on public and private lands in Nevada is subject to a Net Royalty payable to the State.

If the net proceeds from sales by a mine in the taxable year total $4 million or more, the tax rate is 5%.