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Economy of Silver City

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$73 million. However, a Phelps-Dodge spokesman remarked in 2007 that "based on current economic projections, our properties in New Mexico will not be operating in 25 years". Phelps Dodge was acquired by international mining firm Freeport-McMoRan in March 2007, and operations at the Chino and Tyrone operations are continuing under the Freeport name.

Tourism, retirement and trade are the other major components of Silver City's economy. In 2006, an average home sold for about $160,000 for a three-bedroom, 1,500-square-foot (140 m) house

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