Goldfield was a boomtown in the first decade of the 20th century due to the discovery of gold – between 1903 and 1940, Goldfield's mines produced more than $86 million at then-current prices. Much of the town was destroyed by a fire in 1923, although several buildings survived and remain today, notably the Goldfield Hotel, the Consolidated Mines Building (the communications center of the town until 1963), and the schoolhouse. Gold exploration continues in and around the town today.
