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The ghost town of Belmont was established following a silver strike in 1865. Other minerals, such as copper lead and antimony were also mined here. The boom brought in settlers and Belmont grew. The town boasted four stores, two saloons, five restaurants, livery stable, post office, assay office, bank, school, telegraph office, two newspapers, and a blacksmith shop.
As the price of metals fluctuated, so did the fortunes of the town. By 1887, several of the mines closed. Like many towns which are now ghost towns, this one lasted for only a short time.
Some of the buildings are still standing, including the courthouse, the Cosmopolitan Saloon, the Monitor-Belmont Mill, and the combination mill.