The NVMA's website also points out that miners' state and local responsibilities do not include the federal taxes that they must also pay. And they do not include the investments that miners are making. Given that Nevada is a gold-rich state, much of this spending is also associated with the yellow metal.In addition to spending on expansion by majors such as Barrick and Goldcorp (NYSE:GG,TSX:G), the NVMA report identifies Great Basin Gold's investment in the Hollister gold mine project as one the state's major mining investments.
Nevada Republicans Want New Mining Tax
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts