Homestake Mining Company

On April 9, 1876 Moses and Fred Manuel established the Homestake Mine near Bobtail Gultch in South Dakota in the Black Hills.

[1] George Hearst (father of William Randolph Hearst), Lloyd Tevis, and his brother-in-law James Ben Ali Haggin bought the 10-acre Homestake Mine from its discoverer, Moses Manuel, for $70,000, and incorporated the Homestake Mining Company on November 5, 1877.

[3] In March 1996, the company exercised its option to buy 34% more of a mine in Bulgaria.

[5] In April 1998, the company acquired Plutonic Resources Limited for $640 million, adding mines in Australia.

[7] In September 2000, the company announced plans to close the Homestake Mine by January 2002.