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Montana's Hardrock Mining Industry: Bringing Billions in Revenue, Thousands of Jobs

Montana's hardrock mining industry, encompassing metals like copper, palladium, gold, talc, and more, is a cornerstone of the state's economy. A recent study by the University of Montana's Bureau of Business and Economic Research sheds light on the substantial contributions of our industry.

Key Findings

  • The hardrock mining industry creates over 12,000 jobs with an average annual income of $86,030 per job.

  • These operations generate an extra $2.7 billion in economic output each year.

  • Montana households receive an additional $1.1 billion annually, with $1 billion available for local spending.

  • State government benefits from almost $200 million in extra revenue each year.

  • The population is larger by over 20,000 people, including around 5,000 more school-aged children.

Beyond Direct Impacts

The study emphasizes that the economic benefits of mining extend far beyond direct employment, production, and tax revenue. The interconnectedness between Montana's mines and the broader economy is profound. The high value-added nature of hardrock mining leads to substantial capital expenditure and worker wages, further enhancing its economic impact.

Potential for Growth

Additionally, the report assesses the potential benefits of three proposed new mines (Rock Creek, Montanore, and Black Butte Copper). If these are successfully developed and operational, they could add over 3,500 jobs, $228.6 million in annual personal income, $450 million in economic output, and over $35 million in state government revenues by 2025.

In conclusion, the hardrock mining industry plays a vital role in Montana's economy. Its impact goes beyond numbers; it sustains livelihoods, drives economic growth, and supports local communities. The findings underscore the importance of these activities, especially in smaller towns and rural areas, in maintaining economic prosperity.

Read the full report here:


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