Capital Wire News
Search
  • Business
  • Global
  • Market
  • Stock News
  • Technology
  • Economy
  • Energy
  • Personal Finance
Reading: New Gold Rush Puts South Dakota’s Black Hills at Risk
Share
Font ResizerAa
Capital Wire NewsCapital Wire News
  • Business
  • Global
  • Market
  • Stock News
  • Technology
  • Economy
  • Energy
  • Personal Finance
Search
  • Business
  • Global
  • Market
  • Stock News
  • Technology
  • Economy
  • Energy
  • Personal Finance
Follow US
Home » New Gold Rush Puts South Dakota’s Black Hills at Risk
Commodities

New Gold Rush Puts South Dakota’s Black Hills at Risk

By
Last updated:
3 Min Read
Share
new-gold-rush-puts-south-dakota’s-black-hills-at-risk

High prices revive mining ambitions in a sacred landscape

With gold above $3,000 an ounce, mining firms are eyeing a return to South Dakota’s Black Hills—1.2 million acres of pine-covered peaks sacred to the Lakota Sioux and vital to a tourism economy anchored by Mount Rushmore and state parks. Supporters tout jobs and tax revenue; tribes and environmental groups warn that modern open-pit extraction and cyanide leaching could scar the region forever.

What’s driving the push

  • Record prices: Gold has climbed roughly tenfold since the Homestake mine shut in 2002, intensifying exploration interest.
  • Policy tailwind: A March executive order from President Donald Trump called for expedited permitting and reviews to boost U.S. mineral production.
  • Industrial methods: Today’s operations rely on deep, multi-tiered pits, massive earthmovers, and chemical processing—techniques critics say permanently alter terrain and risk water contamination.

Projects on the table

Coeur Mining operates the region’s lone active mine. Dakota Gold has proposed an open-pit project targeted for 2029 and is evaluating an underground operation near the historic Homestake site. Company estimates cited locally put the deposits’ net present value between $1.6 billion and $2.1 billion, with up to 250 jobs and as much as $400 million in state taxes over the mine’s life. Some sites sit on private land, subject to state—not U.S. Forest Service—rules.

Tribal rights and environmental risk

The 1868 treaty recognizing Sioux Nation rights to the Black Hills was followed by U.S. seizure after a 19th-century gold rush; the Supreme Court later awarded compensation that the Sioux declined, maintaining claims to the land. Today, Lakota groups and environmental advocates oppose new mining near sacred areas, citing:

  • Spill history: At Coeur’s Wharf mine, nearly 200 spills have been recorded; the company says each incident was investigated and mitigated with corrective actions.
  • Legacy impacts: Homestake’s closure left a lasting footprint; its vast workings now host underground science facilities rather than reclamation to original conditions.
  • Scale of interest: Active mining claims cover 271,000 acres—about 20% of the entire Black Hills—fueling fears of “exponential” activity growth.

Tourism vs. extraction

Opponents argue that industrial pits and haul roads could undermine a tourism and outdoor economy built on solitude and scenery. Proponents counter that modern mines can be engineered to protect waterways and deliver long-term regional income. As permitting advances and environmental studies begin, the Black Hills face a familiar crossroads—balancing near-term mineral wealth against cultural heritage and a landscape many consider irreplaceable.

TAGGED:Black Hills goldCoeur Miningcyanide leachingDakota Goldenvironmental permittingHomestakeLakota Siouxopen-pit mineSouth Dakota miningtourism economy
Share This Article
Facebook Email Copy Link Print

HOT NEWS

gold-surges-to-two-week-high-on-fed-rate-cut-expectations

Gold Surges to Two-Week High on Fed Rate Cut Expectations

Commodities
japan-china-tensions-deepen-after-takaichi’s-taiwan-remarks

Japan China Tensions Deepen After Takaichi’s Taiwan Remarks

Diplomatic rift widens with no off ramp in sight A major feud between Japan and…

kosovo-veterans-rally-against-eu-backed-war-crimes-court

Kosovo Veterans Rally Against EU-Backed War Crimes Court

Thousands of Kosovo war veterans rallied in Pristina on Thursday to protest an EU-backed court…

new-u.s.-tariffs-may-raise-prices-for-everyday-goods

New U.S. Tariffs May Raise Prices for Everyday Goods

American consumers are bracing for rising prices as the Trump administration rolls out a sweeping…

YOU MAY ALSO LIKE

Gold Slips as Traders Take Profits Ahead of Key U.S. Data

Pullback Follows Six-Week High, but Fed Outlook Still Supports Bullion Gold prices eased on Tuesday as investors locked in gains…

Commodities

Russia’s Commodities in Focus Ahead of Trump-Putin Talks

Return to global stage? Planned talks between U.S. President Donald Trump and Russian President Vladimir Putin could mark the first…

Commodities

Gold Hits Record $3,500 as Investors Seek Safety

Safe-Haven Surge The price of gold surged past $3,500 (£2,614) an ounce on Tuesday, setting a new record as investors…

Commodities

Gold Holds Near $3,400 Ahead of US Inflation Data

Gold steadied just below $3,400 an ounce on Thursday as investors awaited the release of U.S. inflation data that could…

Commodities
We use our own and third-party cookies to improve our services, personalise your advertising and remember your preferences.

Links

  • About
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 Island Marketing. All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?