Nicely engraved antique stock certificate from the Basin Montana Tunnel Company dating back to the 1930's. This document, which is signed by the company President and Secreatry, was printed by the Security Bank Note Company and measures approximately 11 1/2" (w) by 7 3/4" (h).
This certificate's vignette features an eagle atop a crag.
You will receive the exact certificate pictured.
The Comet Mine was developed in 1883 by the Helena and Livingston Smelting and Reduction Company, based on a discovery made in 1874. Ore was transported via aerial tramway to another mine in Wickes for processing. This operation shut down in 1897.
Operations were revived in 1900 under the Montana Consolidated Copper Company; in 1927 the Basin Montana Tunnel Company took over the property and built a processing plant on the site for both this mine and the nearby Gray Eagle mine. The company was the largest producer of base metals in the state, outside of Butte, Montana, due to production at this mine. They employed 100 men.
The operations of BMTC continued until 1941 when the mine was exhausted and operations were permanently halted.
The Comet mine was richest mine in the district, producing $20 million in ore; ten times more than the Gray Eagle mine, which produced over $2 million. Ores produced included lead, zinc, copper, silver, and gold.