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Economic development can be beneficial to local communities and the environment. Mining the remaining mineral deposits at Stibnite will finance the much-needed environmental restoration of the site, so it can finally receive the attention it deserves. The Stibnite Gold Project will also inject hundreds of millions of dollars into Idaho’s economy, bring hundreds of jobs into the state and contribute significant local and state tax revenue. We have been, and will remain, committed to hiring and purchasing locally. By looking to Idaho first, we have spent $100 million in the state since exploration of the Stibnite Gold Project area started in 2009.

Midas Gold is prepared to invest $1.1 billion in Idaho just to construct the Stibnite Gold Project. An economic impact study estimates we will spend a little more than $232 million each year we are in operation. The impacts of this investment would be felt far beyond Stibnite. We will generate millions of new revenues for Idaho through state and local taxes and our employees will help contribute additional money for schools and local governments through local property taxes.

The natural resource industry, and mining in particular, provides high paying jobs with benefits. In Idaho, more than 3,000 people are currently employed in mining and another 5,700 supporting jobs are generated indirectly. Over the 20-year life span of the Stibnite Gold Project, we will invest more than $1.1 billion and directly employ more than 500 people. As we plan for the future, we look forward to continuing to be a partner in growing Idaho’s economy.

To learn more about the economic benefits of the project, see our report here.



   We hire and purchase locally whenever possible. We are honored to work with so many local consultants, contractors and vendors.

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