Fortuna Mines Corporation - 1916-17 dated Arizona Mining Stock Certificate

Inv# MS2109 Stock

State(s): Arizona
California

Years: 1916 or 1917

Stock printed by American Bank Note Company, New York & Boston.

The Fortuna Mines Corporation operated the rich Fortuna Mine in Arizona's Gila Mountains during a brief but highly productive boom period in the late 19th and early 20th centuries. The La Fortuna Gold Mining and Milling Company was formed in 1896, with investor Charles D. Lane taking over the property, and bringing miners and equipment from his earlier, failing operations. From 1894 to 1904, the mine yielded roughly 123,000 ounces of gold, making it one of the territory's most profitable gold producers. The company built a 20-stamp mill and a 12-mile-long pipeline to bring water from the Gila River to support its operations and a bustling mining town.

The Fortuna's decline came as swiftly as its rise. In 1904, the primary gold vein was lost due to a geological fault, leading to the closure of the mine and the abandonment of the settlement. While there were intermittent attempts to revive the mine over the next several decades, none were successful. The claims were sold off in 1966, and today, the mine site lies within the Barry M. Goldwater Gunnery Range. The area is now a ghost town and requires a permit to visit, offering a historical testament to the Arizona mining boom and bust.

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.

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