Black Hills Knowledge Netowork

Only 280 workers were brought back to the mine following the restructure.
Only 280 workers were brought back to the mine following the restructure.
Wikipedia photo
January 5, 2017

IN HISTORY: Homestake Gold Mine Restructures and Lays Off Hundreds of Workers

In January 1998, the Homestake Gold Mine announced a major restructuring of mining operations to help maintain operations during a time of low gold prices, according to an annual report by the United State Geological Service. The mine suspended operations until April 1998.

When operations resumed that spring, only 280 workers were brought back, down from the 850 prior to the restructure. Gold production also decreased to 4,300 kilograms in 1998 from 12,400 in 1997.

Less than three years later, the Homestake Mining Company announced that the Lead gold mine would permanently close. The mine operated for 124 years, before officially closing at the end of 2001. The mine currently serves as a neutrino research center.

Learn more about the Homestake Gold Mine by reading previous stories on the Black Hills Knowledge Network. 

Related items

  • Rapid City Regional Airport Expands Non-Stop Services To Include Two California Cities

    Beginning this summer, weekly non-stop flights to San Francisco and Los Angeles will be available from the Rapid City Regional Airport. According to NewsCenter1, Airport…
  • Rapid City Area Chamber Of Commerce Merges With Elevate Rapid City

    Thursday saw a vote for the Rapid City Area Chamber of Commerce to merge with Elevate Rapid City, reports NewsCenter1. The merger is seen as a…
  • Croell Permit Request Comes Before Pennington County Planning Commission

    The Pennington County Commission will host a pair of special public hearings regarding a mining and construction permit application submitted to the county by Croell…

525 University Loop, Suite 202
Rapid City, SD 57701
(605) 716-0058   [email protected]