Established as a Colorado exploration and mining company in 1864, Franklin Mining and Mill Co. worked multiple mine claims approximately 1.5 miles north of Idaho Springs, Colorado. The company grew quickly, owning a number of underground mining operations and its own flotation mill producing concentrates of gold, silver, lead and zinc. Mine operations began in 1865 and continued until the United States government curtailed gold mining during World War I. Mine operations, allowed to resume during the U.S’s Great Depression, were again curtailed following the outbreak of World War II. Franklin Consolidated Mining Co, Inc. was formed under the laws of the State of Delaware in 1976 for the purpose of acquiring and developing mineral properties. The original Franklin Mines were acquired in 1989 and mining and milling operations began that same year. There had been limited mining activity in the general vicinity of the Franklin Mines between the late-1940s and 1989; there has been no activity since the mid-1990s. In 2003, the company was reorganized under a new Board of Directors, renamed Franklin Mining, Inc. and relocated to the State of Nevada. Franklin Mining, Inc. formed a wholly-owned subsidiary, Franklin Mining, Bolivia, S.A, in 2004 and entered into a gold mining joint-venture in the Mayaya area of Bolivia later in the year. Unfortunately, a severe shortage of diesel fuel made it impossible to maintain consistent operations and resulted in a total cessation within six months. Franklin Mining, Inc. owns 51% of the company.
The Importance of Franklin Mining, Bolivia, S.A’s Investment in Bolivia’s Mining Industry
The Cerro Rico de Potosi is universally regarded as the world’s largest and most productive silver mine. The modern technologies Franklin Mining, Inc. is prepared to introduce to its Cerro Rico operations are designed to significantly increase the volume of silver and all other minerals that can be exploited. Under a separate COMIBOL agreement, Franklin is preparing the Original Escala Mine for its return to full productivity. The Escala is Bolivia’s second largest mine historic mine. Franklin’s commitment to multiple Potosi area Cooperativas is to make every effort possible to increase worker productivity as well as work to increase worker safety and security. Increased worker productivity will result in increased family earnings within each community and further increase economic growth and development throughout the area.
The information provided through this web-site is intended solely for general knowledge and does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares. Although the company believes that all statements made in this web-site are based on reasonable assumptions, Franklin Mining, Inc. reminds all readers that our primary operations are in high-risk industries in countries often considered high-risk areas of investment. Please refer to our Disclosure at the Investor Info Center portion of this site.