Mining Interests
A sound operator, Tevis made his most risky ventures when he went into gold, silver and copper mining on a large scale. He was owner or part-owner of gold and silver mines in California, Nevada, Utah, Idaho, and South Dakota. Tevis, Haggin and George Hearst, as Hearst, Haggin, Tevis and Co., owned the Homestake gold mine in the Black Hills and the Ontario gold mine in Utah, and Tevis, Haggin, Hearst and Marcus Daly owned the great Anaconda copper strike in Montana.
In 1897 the Hearst share of the Anaconda copper properties was sold to an English syndicate. Two years later in May 1899, Tevis, Haggin and Daly sold their shares to a syndicate led by John D. Rockefeller. For his share Tevis is said to have received $8 million.
Read more about this topic: Lloyd Tevis
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