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The Only Way Through · Episode 12 of 14 · 22 min

What the Gold Buys

Nevada's mines produced $10.065 billion in minerals in 2024, yet the entire federal payment from the state was a $64,988,275 claim maintenance fee, because the 1872 mining law set no hardrock royalty. The state's five percent tax on net proceeds now flows mostly into a statewide education pool. The episode sets high mining wages against thin local hospitals and transit, and rejects the idea of a small ownership cabal.

Where it happens

Timeline

  1. 1872The General Mining Act sets no production royalty on hardrock minerals.
  2. April 27, 1978Eastern Elko and Lander County are designated primary care shortage areas, still in force.
  3. 2021Assembly Bill 495 passes while the constitutional cap on mining taxes stays untouched.
  4. July 2024Great Basin College closes its Battle Mountain Center.
  5. Calendar 2024Net proceeds tax yields $190,799,825 on $9.7 billion in gross proceeds.

Still debated

The widely circulated claim that net proceeds supply 15 to 40 percent of county operating revenue could be confirmed only for Eureka County, at 25.4 percent. Where serious trauma patients go and how far is not in the public record.

mining taxesgeneral mining actnet proceeds taxrural health carenevada countiesownership
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