WASHINGTON — Benibachi, a silver mine in Hawaii, is selling its silver production for a record $4.2 million, the latest example of a booming mineral industry in the state that has attracted foreign investors.
It’s the latest of a spate of mining operations in the area, which is a major source of foreign mining capital.
Benioite Gold Corp., one of the largest gold producers in the world, and its subsidiaries have produced more than $2 billion in gold since 2012, according to the U.S. Geological Survey.
Its biggest asset, the Oahu Gold Corp. of California, is also one of Hawaii’s most profitable companies.
In January, the company said it was considering a sale of all or part of its Silver River mine to a Chinese company.
The company has also sought to diversify its portfolio by selling the Silver River site, as well as other assets, including the Umatilla mine in the north.
This week, Benioite announced it had struck a deal to sell its Silver Lake mine in Oahu, a mine the company previously owned, for $1.7 million.
The company said the deal will bring about $2 million in revenue for the year.
Umatilla Mine in the North, another silver-mining site, is in a similar situation.
Last week, the state Department of Land and Natural Resources said it is reviewing the sale of the Ummuha mine and the Silver Lake project, as part of a broader review of minerals in the Pacific Northwest.