Renewed Interest In Black Hills Gold Mining Posted by Deja Andersen Date: December 18, 2019 7 Views RAPID CITY, S.D. (AP) – A higher price for gold is generating new interest in drilling in the Black Hills. At least 5 companies are currently drilling, or hope to be soon, in the search for gold. The price of gold had fallen below $1,400 per ounce for several years, but has now climbed above that level in recent months. Another factor driving exploration interest in the Black Hills is its well-known history as a gold-producing region.