Alaskan Co-operative Mining and Lumber Co. - Stock Certificate
Inv# MS1889 Stock
Stock. Some staining and worm holes.
Gold mining in Alaska, a state of the United States, has been a major industry and impetus for exploration and settlement since a few years after the United States acquired the territory in 1867 from the Russian Empire. Russian explorers discovered placer gold in the Kenai River in 1848, but no gold was produced. Gold mining started in 1870 from placers southeast of Juneau, Alaska.
Gold occurs and has been mined throughout Alaska; except in the vast swamps of the Yukon Flats, and along the North Slope between the Brooks Range and the Beaufort Sea. Areas near Fairbanks and Juneau, and Nome have produced most of Alaska's historical output and provide all current gold production as of 2021. Nearly all of the large and many of the small placer-gold mines currently operating in the US are in Alaska. Seven modern large-scale hard-rock mines operated in Alaska as of 2019; five were gold-producing mines. There are also small-scale hard-rock gold-mining operations. In 2019 Alaska produced 539,390 troy ounces, 8.4% of the total national production, second only to Nevada (76%). This total was in steady decline from a peak of 1,022,987 ounces in 2013, which had been the highest since 1906. 2019 production was from five major mines: Fort Knox, Pogo, Kensington, Greens Creek and Dawson.
For 2018, gold worth $888,302,130 accounted for 28% of the mining wealth produced in Alaska. In comparison, zinc and lead mainly from the Red Dog mine, accounted for 66%; silver, mainly from the Greens Creek mine, accounted for 6.6%; and coal accounted for 1.1%. Alaska produced a total of 49.27 million troy ounces of gold from 1880 through the end of 2018.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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