What’s up in Nevada?

[OwenT]

I saw another post online where someone suggested that a large number of claims in Nevada would be coming available this year as well as a lot of cheap equipment but the poster didn’t offer any more information. Was there some new legislation that forced a lot of small operations to close or is this just speculation associated with the coronavirus?

 

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[Clay Diggins]

Entirely speculation. There has been no new legislation. With metal prices up over last year there is actually a little more claims activity this year.

Here are the actual numbers for this mining year:

So far this 2020 mining year in Nevada there have been 11,653 mining claims closed.
So far this 2020 mining year in Nevada there have been 13,288 new mining claims located.

That's a gain of 1,635 claims this mining year for Nevada.

That may sound like a lot of claims activity but it's actually pretty typical for Nevada.

At this same point in the last mining year:

At this same time in the 2019 mining year in Nevada there were 12,310 mining claims closed.
At this same time in the 2019 mining year in Nevada there were 11,868 new mining claims located.

That's a loss of 442 claims during the same period last year for Nevada.

Overall pretty close between the last two years. There has actually been a slight gain in mining claims this year and a slight loss last year.

Mining in Nevada has done pretty well this year despite cuz COVID. Mining is an essential industry. There have been some slight production cutbacks overall this year but that's mostly on the processing side due to social distancing efforts and the opportune closure for improvements in a few of the bigger operations.

I would guess that the Nevada mining industry will deliver slightly less finished product this year but show higher mining profits than last year.
But that's just an educated guess.

Heavy Pans