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Golden Phoenix relocates to Las Vegas

A Nevada mining company recently announced it would move its headquarters from the Reno area to Las Vegas.

A Nevada mining company recently announced it would move its headquarters from the Reno area to Las Vegas.

Nevada-based mining company Golden Phoenix recently announced it will be moving its headquarters from Sparks, Nevada, about eight hours southeast to Las Vegas.

"The expiration of our current lease created the opportunity for exploring various locations that will suit the Company's needs for the foreseeable future," said Tom Klein, CEO of Golden Phoenix. "Our portfolio of properties in Panama, Ontario, Peru and Nevada requires easy access to our global headquarters. With nearly four times as many airlines serving Las Vegas as our previous location, visitors to our corporate office will have increased travel options."

Golden Phoenix operates gold and silver mines in Utah. The company's Mineral Ridge gold project in central Nevada began gold production in April 2011.

Employees who follow the company to its new headquarters may be able to reallocate some of the money they were saving for a new home toward hiring a reliable moving company, as home prices in Las Vegas recently fell. The average listing price for homes in the city for the week ending October 19 was $222,013, down 0.8 percent from the previous week, according to Trulia. The median sales price from July to September 2011 was $114,000, down 13.3 percent from the same period in 2010.