The Goldfield Corporation has had an interesting and colorful history. Goldfield was started in 1906 by George Wingfield as the combination of six of the richest goldmines in Nevada. Bernard Baruch provided some of the initial financing and Herbert Hoover engineered the early development. Goldfield was reported to be among one of the twenty largest industrial companies in the United States during the first decade of the twentieth century.
Initial trading of Goldfield shares was on the Goldfield Stock Exchange, a mining stock exchange founded by women excluded from other exchanges. Sometime before 1910, Goldfield joined the New York Curb Market, which later became the American Stock Exchange.
In the 1960’s, Goldfield again came into the limelight when Richard Pistell took control of the Company. During this period Goldfield acquired such companies as Frontier Airlines, Everglades and Yellowstone Park companies and took control of the General Host Corporation. General Host mounted a hostile takeover of Armour & Company in competition with The Greyhound Corporation. In 1969, Goldfield was dubbed by Time Magazine as “One of the fastest growing and most aggressive conglomerates.”
In the early 1980’s, Goldfield continued its mining activities with the development of the St. Cloud silver mine in New Mexico with the participation of the Nelson Bunker Hunt Family. Goldfield divested its last mining vestige with the sale in 2002 of its remaining mining properties in New Mexico.
Today, through its subsidiaries, Goldfield provides electrical construction and maintenance services to the energy infrastructure industry throughout most of the United States, and also develops residential properties on Florida’s east coast.