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ECONOMIC DECLINE OF MINING TOWNS
In 1902, Wyoming’s Kirwin mining camp grew to about 200 people; by 1907, a deadly snowslide destroyed the last company buildings and the boom fadedKirwin, a once-bustling mining community nestled in the Absaroka Mountains of Wyoming, experienced a fleeting boom in the early 1900s. The ...- In the 1890s, Montana’s Marysville gold camp grew to about 4,000 people; today, its population is officially 82, with local estimates closer to 90–100Marysville, Montana, once stood as a vibrant mining hub in the late 1800s, largely thanks to the rich yields from the Drumlummon Mine. At i...
- In 1907, gold and silver turned Rawhide, Nevada, into a town of 7,000; by 1910, only 500 remained after stock fraud, a major fire, and a flood wrecked the boomIn 1906, Rawhide, Nevada saw a surge in population, swelling to 7,000 residents after gold was discovered. However, by 1910, it faced a ste...
- Silver loses more than half its value from record high: What went wrong and will it recover?Silver has plunged more than 58% from its February record high of nearly $120 an ounce to around $50, as profit-booking, weaker industrial ...
- A $180.6 million warning for Trump? Texas border towns grapple with the economic fallout of his deportation campaign as local workers feel the growing heatPresident Trump's strict immigration policies are leading to economic challenges in the Rio Grande Valley region. Many residents are feelin...
- Reliance Retail Q2 Results: Revenue up 6%, but late festive season, digital spends hit profitReliance Retail Q2 Results: The company's gross revenue increased 6.4% YoY to Rs 91,716 crore in Q2FY27, compared with Rs 86,169 crore in t...
- In 1882, a pipeline helped silver boomtown Candelaria, Nevada, grow to about 1,000 people; after the 1893 financial panic, it declined, and its post office closed in 1939Candelaria emerged as a bustling boomtown in 19th-century Nevada, only to face dire water shortages. Although a dependable water pipeline w...
- By 1909, copper had helped Swansea, Arizona, grow to about 500 people; financial trouble followed in 1911, and the last mine closed in 1937Swansea, Arizona, once thrived as a mining community but became a ghost town after its abandonment in 1937. It flourished in the early 1900...
- Kim Jong Un calls for rapid expansion of drone technology and observes weapons testsNorth Korean leader Kim Jong Un has called for a rapid expansion of the country's drone technology and oversaw tests of drones, missiles an...
- In 1862, gold drew thousands of miners to Florence, Idaho; much of the richest ground was worked out that year, and old diggings remainFlorence, Idaho, surged to fame in 1862 amid a major gold rush that saw a flood of miners flocking to the area. The initial excitement tran...
- In the 1890s, gold drew up to 3,000 people to Duncan, Colorado; by 1900, most buildings had been dismantled after US marshals moved to remove themDuncan was a booming settlement that sprang up during Colorado's gold rush in 1874, attracting around 3,000 fortune seekers. Despite its in...
- North Korea fires missile barrage toward the sea as tensions with South riseIn a show of defiance, North Korea has test-fired nearly 10 short-range ballistic missiles into the sea off its eastern shores amid rising ...
- Silver prices are tarnished but not forgotten. Why HSBC thinks gains in white metal may be limited?Silver prices have plunged nearly 60% from their January record high, but HSBC expects limited gains ahead. The bank sees prices consolidat...
- Gold heads for sharpest weekly decline in four months on Fed rate outlookGold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowes...
- In 1865, a silver discovery helped turn Belmont, Nevada, into a boomtown; by 1900, only about 20 people remained after most mines closed, despite more than $6 million in oreBelmont, Nevada, once a bustling mining hub during the silver rush era, experienced a dramatic decline in its population as resources dwind...
- 14 dead, 7 injured in Colombia illegal gold mine collapseFourteen individuals lost their lives, and seven others were injured due to the collapse of an illegal gold mine. This tragic event occurre...
- During World War I, zinc mining helped Rush, Arkansas, grow to 2,000 to 3,000 residents; by 1920, its population had fallen to 344, and mining ruins remain along the Buffalo RiverRush, Arkansas, experienced a boom during World War I, driven by high zinc demand which transformed it into a bustling mining hub. Essentia...
- In the 1890s, a new gold process helped turn Mercur, Utah, into a boomtown of over 2,500; by 1913, the mine had closed, and the original townsite was abandoned, though mining later resumedIn the late 19th century, Mercur, Utah, became an influential mining hub fueled by new gold extraction methods, notably cyanide processing ...
- In the 1930s, mining kept Gold Point, Nevada, at about 200 residents; by 1950, only 23 remained; and by 2011, just 7 people still lived there full time, year-roundGold Point, once a thriving mining community in Nevada, experienced significant population decline after mining operations ceased. The town...
- In 1897, gold discoveries helped establish Ballarat near Death Valley, and its population reached 400 by 1898; today, adobe ruins remain after the mining boom fadedBallarat, founded in 1897 in the notorious Death Valley of California, flourished as a mining hub following the gold rush in the nearby Pan...
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