A survey of hard-rock mining companies throughout North America has concluded that Nevada is far and away the highest-rated region for overall investment attractiveness.
The survey was carried out by the Fraser Institute of Vancouver B.C., which placed its home province third from the bottom, above only Maine and Prince Edward Island. Ontario was rated the second most favourable destination, with 75 points, below Nevada’s 81 points.
Provinces and states were judged on two categories: mineral potential and public policy. The latter category includes taxation, infrastructure, environmental regulations and labour. In this category, Nevada received the top score of 90 out of a possible 100. In mineral potential, the state again received 90 points out of a possible 100.
In 1997, the year for which statistics are available, Nevada’s mines produced US$3.3 billion in overall mineral production, including silver, oil, gypsum and lime, and $2.58 billion in gold.
The state accounts for 69% of all gold production in the U.S. and 10% of worldwide production, making it the third-largest gold producer in the world, behind South Africa and Australia.
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