Homestake Mining Company was one of the largest gold mining businesses in the United States and the owner of the Homestake Mine in Lead, South Dakota. Founded in 1877, it was acquired by Barrick Gold in December 2001.
Homestake was the longest-listed stock in the history of the New York Stock Exchange.
History
On April 9, 1876 Moses and Fred Manuel established the Homestake Mine near Bobtail Gultch in South Dakota in the Black Hills.[1]
George Hearst (father of William Randolph Hearst), Lloyd Tevis, and his brother-in-law James Ben Ali Haggin bought the 10-acre Homestake Mine from its discoverer, Moses Manuel, for $70,000, and incorporated the Homestake Mining Company on November 5, 1877.
On January 25, 1879, the company became a public company via an initial public offering on the New York Stock Exchange, the first mining stock ever listed. It grew to be the largest gold mine in the United States.[1]