Staff Reports | Real Property & Homes
A historic piece of Arizona mining history has sold for $10 million after going under contract in just seven days.
Compass Arizona Associate Broker Anne Sheldon represented the seller in the sale of the 231-acre Hackberry Silver Mine, which closed March 23, 2026, after attracting multiple buyers shortly after being listed.
Ms. Sheldon oversaw the transaction on behalf of the Hughes Family Trust, which acquired the two-parcel property through a tax sale in 1955.
The sale involved 12 patented mining claims, giving the buyer full ownership of both the land and mineral rights associated with the property, according to a press release.
Unlike many mining transactions involving unpatented claims, the sale transferred ownership of the mine and the underlying land to Rock Forge LLC.
The parties structured the transaction as a land sale that included the mine.
Located atop the Peacock Mountain Range about 27 miles northeast of Kingman, the Hackberry Silver Mine combines historical significance with future development potential.
“This deal was the definition of persistence, years in the making and highly detailed from start to finish,” Rose Law Group attorney George Finn said. “We’re grateful to have supported the Hughes Family through the documentation, negotiations and closing process, and to see the Hackberry Silver Mine transaction successfully completed. It is certainly one that I will never forget.”
The Hackberry Mine was discovered in 1874 and named after a nearby hackberry tree located near a water source. The property includes five mine shafts, including a main shaft reaching 950 feet deep, along with about 1,000 feet of horizontal workings, original drift systems and stamp mill foundations.
Historically, the mine produced silver, gold, lead, copper, uranium, zinc and cadmium before mining operations ceased in the late 1980s.
Ms. Sheldon said the transaction reflects changing investor interest in hard assets.
“With volatility in traditional markets, we’re seeing more interest in tangible assets tied to natural resources,” Ms. 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.”
The sale occurred during a period of rising silver prices. Silver traded at about $28 per ounce when the property was listed and had risen to about $78 per ounce by the time the transaction closed, according to a press release.
The transaction also required extensive title research. WFG National Title’s Kelly Silva coordinated due diligence efforts that traced ownership records for the property back to 1874.
