Nevada got a mining tax revenue windfall in 2025, but 2026 isn’t looking as shiny

By: Hugh Jackson

Outlets: Nevada Current

Published: September 22, 2026

Words: 517

Last Updated: 2 weeks, 3 days ago

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In 2025, the price of gold skyrocketed. Accordingly, a record-smashing $12.2 billion worth of gold mined in Nevada — the nation’s largest gold producer — was 26% higher than the $9.7 billion mined in 2024.

One by-product of those higher gold prices: As a percentage of the much larger gross revenue, the industry’s expenses were smaller. Accordingly, so was the effective rate of the industry’s allowable tax deductions.

Instead of deducting …

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