A property that played a role in Arizona’s mining history recently sold for $10 million after going under contract only seven days after being put on the market.
Hackberry Silver Mine sits on 231 acres of land located around 27 miles northeast of Kingman at the top of the Peacock Mountain Range.
The two-parcel property was purchased by the Hughes Family through a tax sale in 1955 and consists of 12 patented claims, which means the buyer — identified as Rock Forge LLC — has control of the mine, everything inside of it and the land.
Anne Sheldon, an associate broker for Compass Arizona, represented the seller while Rose Law Group attorney George Finn handled the legal side of the deal, which was structured as land transaction.
“This deal was the definition of persistence, years in the making and highly detailed from start to finish,” Finn said in a news release. “We’re grateful to have supported the Hughes Family through the documentation, negotiations and closing process.”
The four men who discovered the mine named it after a tree near a water source in 1874. It has five mine shafts, with the deepest being 950 feet, and 1,000 feet of horizontal workings, drift systems and stamp mill foundations.
The mine ceased activity in the late 1980s, but was known producing for gold, silver, copper, lead, uranium, zinc and cadmium.
“With volatility in traditional markets, we’re seeing more interest in tangible assets tied to natural resources,” Sheldon said. “At the same time, materials tied to mining are playing a larger role in everything from energy to technology. Properties like this sit at the intersection of history, land and long-term potential, and buyers recognize that.”
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