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.
Between 1970 and 1977, Paul C. Henshaw was President of the company.
In 1981, the company bought out its partner in its uranium joint venture, United Nuclear Corporation, for $23 million and assumed operation of four uranium mines and one mill.[3]
In March 1996, the company exercised its option to buy 34% more of a mine in Bulgaria.[4]
In 1997, the company agreed to acquire a majority interest in the Troilus mine from Inmet Mining but backed out of the deal, leading to a lawsuit.[5]
In April 1998, the company acquired Plutonic Resources Limited for $640 million, adding mines in Australia.[6]
In December 1998, the company acquired the 49.4% of Prime Resources Group that it did not already own.[7]
In September 2000, the company announced plans to close the Homestake Mine by January 2002.[8]