Rob Sabo

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July 30, 2012
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Wells readies for growth from mine

Wells is poised to become Nevada's next boomtown.Residents of the small community 50 miles east of Elko are eyeing the opening of Newmont Mining Corporation's Long Canyon mine in the nearby Pequop Mountains with eager anticipation. Among the mine's projected benefits to Well's 1,400 residents: increased employment opportunities and an influx of new businesses providing much-needed goods and services.Newmont purchased the Long Canyon property from Fronteer Gold in 2011 for $2.3 billion a clear indication of Newmont's thoughts on the property's potential as a gold mine. Newmont expects the mine to be in production by 2017, and construction of mining …

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Northern Nevada Business Weekly Updated Jul 30, 2012 12:00AM Published Jul 30, 2012 12:00AM Copyright 2012 Northern Nevada Business Weekly. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.