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Homestake Mining Co. - Indian Vignette Stock Certificate - South Dakota & California

Inv# MS1028   Stock
State(s): California
South Dakota
Years: 1930's-40's
Color: Cranberry Red or Green

Mining Stock printed by American Bank Note Company, New York. Dark rich classic vignette of Indians overlooking valleys of trains, towns, bridges, etc. Cranberry Red or Green Type Available. Please specify color.

Homestake Mining Company was one of the largest gold mining businesses in the United States and the owner of the Homestake Mine in Lead, South Dakota. Founded in 1877, it was acquired by Barrick Gold in December 2001. Homestake was the longest-listed stock in the history of the New York Stock Exchange. 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. On January 25, 1879, the company became a public company via an initial public offering on the New York Stock Exchange, the first mining stock ever listed. In 1910 and 1917, the company established hydroelectricity plants. They were sold to the city of Spearfish, South Dakota in 2004. Between 1970 and 1977, Paul C. Henshaw was President of the company. In 1981, the company bought out its partner in its uranium joint venture, United Nuclear Corporation, for $23 million and assumed operation of four uranium mines and one mill.

In March 1996, the company exercised its option to buy 34% more of a mine in Bulgaria. In 1997, the company agreed to acquire a majority interest in the Troilus mine from Inmet Mining but backed out of the deal, leading to a lawsuit. In April 1998, the company acquired Plutonic Resources Limited for $640 million, adding mines in Australia. In December 1998, the company acquired the 49.4% of Prime Resources Group that it did not already own. In September 2000, the company announced plans to close the Homestake Mine by January 2002. In December 2001, Barrick Gold acquired the company. Read more at https://en.wikipedia.org/wiki/Homestake_Mining_Company

Lead is a city in Lawrence County, South Dakota, United States. The population was 2,982 at the 2020 census. Lead is located in western South Dakota, in the Black Hills near the Wyoming state line. The city was officially founded on July 10, 1876, after the discovery of gold. The city was named for the leads or lodes of the deposits of valuable ores. It is the site of the Homestake Mine, the largest, deepest (8,240 feet [2,510 m]) and most productive gold mine in the Western Hemisphere before closing in January 2002. By 1910, Lead had a population of 8,382, making it the second largest town in South Dakota.

Lead was founded as a company town by the Homestake Mining Company, which ran the nearby Homestake Mine. Phoebe Hearst, wife of George Hearst, one of the principals, was instrumental in making Lead more livable. She established the Hearst Free Public Library in town, and in 1900 the Hearst Free Kindergarten. Phoebe Hearst and Thomas Grier, the Homestake Mine superintendent, worked together to create the Homestake Opera House and Recreation Center for the benefit of miner workers and their families. Phoebe Hearst donated regularly to Lead's churches, and provided college scholarships from Lead–Deadwood school which holds a staff of over 130 to the children of mine and mill workers. Read more at https://en.wikipedia.org/wiki/Lead,_South_Dakota

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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.
Price: $45.00