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Casper Gold And Silver Production Facility Makes Money For 20 Foreign Governments

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Casper Gold And Silver Production Facility Makes Money For 20 Foreign Governments


CASPER — Just across the North Platte River on the northwest side of town in the old newspaper building, a Wyoming version of Fort Knox is being born.

Cement trucks are going in and out, workmen are busy placing rebar, and on the other side of the building parts for a state-of-the-art world-class secure vault are waiting to be assembled. When work is done, the building will have gun ports and cameras at many angles to meet the security expectations of a Lloyd’s of London insurance policy.

Welcome to the Scottsdale Mint, which is in phase two of a nine-phase plan to turn the former Casper Star-Tribune building into a world-class gold and silver production facility.

President and CEO Josh Phair said operations began last summer, and by the end of this year between 50 and 100 people will be working to create precious metal rounds, bars, official national coins and more.

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Producing Legal Tender

And that’s why all the expense and work is being put into turning the mint into the city’s most secure place.

“We produce for more than 20 foreign governments and central banks,” he said. “So, we are actually producing legal tender right here in Casper, Wyoming, and ship it all around the world.”

Despite the construction, rooms for melting equipment, tool-and-die operations, stamping, offices and two working vaults are in place and filled with people. An armed guard scans people going in and out. After more than 20 years operating out of Scottsdale, Arizona, Phair said Scottsdale Mint operations will be centered in Casper.

With the shaky world economy, wars in the Ukraine and Middle East, and a divided market where the dollar is being undermined as the world’s reserve currency, demand for Scottsdale’s products have been booming.

That boom started in 2020, during the pandemic.

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Phair said the company he began out of his guest bedroom in 2008 and expanded in 2011, then needed to grow again from the two buildings the mint had in Scottsdale. Californians had moved into the Phoenix region and there were no commercial buildings available to expand into less than an hour away.

Scottsdale Mint President and CEO Josh Phair stands outside the big vault at the mint, where billions of dollars worth of gold, silver, and other precious commodities are planned to be stored. (Courtesy Scottsdale Mint)

Sell Or Expand?

He was also getting requests from people who wanted to by the company, and Phair spent some time deciding what he would do.

“I had to make a decision. Do I sell it, or take it to the next level?” He said.

He settled on the latter and started looking for where the company could relocate. Initial searches had him looking beyond the nation’s borders to “free port” areas in Switzerland and Panama that would allow the company to accomplish its international role with some advantages.

The he turned his eyes to elsewhere in the U.S. to states with pro-business laws and “sound money” practices. He learned Wyoming ranked at the top, and that the state passed a legal tender bill a few years ago.

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“I wouldn’t be here if that law wasn’t passed,” he said.

Once he toured the former newspaper building, Phair said he knew it would be the mint’s new home, but there would be work to do. Phair said they basically gutted the building and have installed new plumbing, electrical work and air handling systems.

The Vault

There is a 30-by-30-by-15-foot vault with the more than a foot-thick door that now holds some gold and silver items, but there are bigger plans for it in the near future.

“What you are looking at here is the highest rated vault in the world that you can get,” Phair said. “The class three vault is built for billions of dollars. It will be for high-net-worth people who want to put valuables away, also for business-to-business (valuables) and sovereign wealth.”

In a separate vault for production items, Phair shows coins minted for Samoa, Fiji and the Cayman Islands. One coin has the likeness of the late Queen Elizabeth of England.

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“We’ve had projects personally signed off by Queen Elizabeth,” he said. “We did a coin a few years ago for Gibraltar. It was the Royal Arms of England (and) … it went to Buckingham Palace for her to sign off on.”

In addition to his work for governments, the mint produces several artistic rounds sought by collectors, as well as gold and silver art pieces. Future plans call for jewelry to be added to the company’s product list.

The Cowboy Round

One hot seller is a cowboy round. That came as an idea to honor the company’s past and future.

“We have a cowboy round that we launched this year, and we have sold more than the state of Wyoming’s population in the last six months,” he said. “The city of Scottsdale has a bucking bronco on the city emblem, and obviously Wyoming has a lot of cowboys on the license plates.”

The company designed the three-dimensional image in-house and included the rays from Arizona’s state flag as part of the design. It added a buffalo as a small “privy” mark on the bottom right of the round’s front.

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Phair said depending on the particular job and design of the coin or bar, the company makes as little as $1 on the “transactional spread.”

“On gold, it could be as thin as $1 an ounce, which is nothing,” he said of the profit margins. “If it is something much more elaborate it could be more than $100.”

A lot of the work involves volume.

“One customer alone in the past six weeks we probably did $80 million in gold,” he said.

Some of the Scottsdale Mint’s gold bars use color in their design. The mint employs artists, engineers and others to get creations from an idea to the shipping room. A typical project would take six months before production begins, Phair said.

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Son Of A Pastor

The 44-year-old Phair was born in South Dakota and raised there and in Florida. His father was a pastor. After college in 2022, he arrived in the Phoenix area to do risk management.

“When I was 24 years old, I landed a $4 billion gold mining company out of Reno and I started handling the insurance and risk management for about a dozen publicly traded mining companies. So I was in Denver, Coeur D’Lane, and Phoenix handling copper, silver, and gold producers and fell in love with minerals,” he said.

In the bullion business, he saw an opportunity for a high-quality brand. After starting his business in a guest bedroom, he learned that the company using precious metals to make screen material for Apple iPads wanted to sell its manufacturing operation.

“So, I bought the division, and moved it out of Albuquerque to Scottsdale,” he said, emphasizing that success did not happen overnight, but the company has worked to fulfill its motto to be “the most distinguished name in bullion.”

Phair defers questions about the value of the company. It’s privately held and he points to his customers and the company’s reputation in the world for its value.

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“I like to say we do billions. Numbers sometimes get really big in our industry,” he said. “I would say we are among the top five mints in the world. I don’t think there is another mint that mints for more countries than us.”

President And ‘Conductor’

As president of the company, he likens his role to a conductor of an orchestra and calls the company a mix of science, engineering and art.

“I’ve got an artistic bone. I can’t hum, I can’t draw, but I know what looks good,” he said. “I think that has played a role in building the brand. And I love to find brilliance. I couldn’t do this without the staff of people from the top to the bottom of the organization.”

There are a lot of future plans for the business in Casper, one that involves the big vault and new company based out of the mint location. When the building is completed, Phair envisions a gallery for art, and a place for digital investments that are tied to a value of something tangible in the vault.

He hopes to take advantage of Natrona County’s free trade zone status and appreciates the fact he, his wife and two children are now living in the center of Wyoming.

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Because the company does so much international business, he frequently travels the world and has been to Europe, Dubai, Singapore and the Caymans, as well as many other small island designations.

“I like coming back to Casper,” he said. “There is something about the community here that is special.”

Scottsdale Mint founder Josh Phair envisions the completed Scottsdale Mint facility to have flags from the nations it serves and be named Casport, as a “free port” for commerce in Natrona County’s foreign trade zone.
Scottsdale Mint founder Josh Phair envisions the completed Scottsdale Mint facility to have flags from the nations it serves and be named Casport, as a “free port” for commerce in Natrona County’s foreign trade zone. (Courtesy Scottsdale Mint)

Dale Killingbeck can be reached at dale@cowboystatedaily.com.



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University Of Wyoming Budget Spared (For Now), Biz Council Reined In

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University Of Wyoming Budget Spared (For Now), Biz Council Reined In


If the Wyoming House and Senate approve its budget changes, then the chambers’ Joint Conference Committee will have helped the University of Wyoming dodge a $40 million cut, while also limiting the Wyoming Business Council to one year’s funding instead of the standard two. 

The Joint Conference Committee adopted numerous changes to the state’s two-year budget draft, but didn’t formally advance the document to the House and Senate chambers. The committee meets again Monday and may do so at that time.

Then, the House and Senate can vote on whether to adopt that draft by a simple majority.

First, UW

Starting in January, the Joint Appropriations Committee majority had sought to deny around $20 million in exception requests the University of Wyoming made, while imposing a $40 million cut to the university’s block grant.

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That’s about 10% of the state’s grant to UW but a lesser proportion of the school’s overall operating budget.

The Senate sought to restore the $60 million.

The House sought to keep the denials and cuts, ultimately settling on a bargain to cut $20 million, and hinge UW’s retention of the remaining $20 million on its finding and reporting $5 million in savings.

The Joint Conference Committee the House and Senate sent into a Friday meeting to negotiate those two stances chose to fund UW “fully,” Senate Majority Floor Leader Tara Nethercott, R-Cheyenne, told Cowboy State Daily in the state Capitol after the meeting. 

But, $10 million of UW’s $40 million block grant won’t reach it until the school charts a “road map” of how it could save $5 million, and reports that to the Joint Appropriations Committee, she added. 

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“A healthy exercise, I think, for them to participate in, while the Legislature still allows them to receive full grant funding,” Nethercott said. 

“I’m hopeful people feel confident the University is fully funded,” she continued, as it’s “on the brink of receiving a new president, having the resources he or she may need to continue to steer the leadership of the University, our state’s flagship school into the future.”

Hours earlier in a press conference, House Speaker Chip Neiman, R-Hulett, said the Legislature has been clear that UW should avoid “diversity, equity, and inclusion” or DEI programming, and that it’s the position of the House majority that the school should tailor its programming to Wyoming’s true business needs – so UW graduates will stay in the state.

Within an earlier draft of the budget sat a footnote blocking money for Wyoming Public Media — a publicly funded media and radio entity funded through UW’s budget.

That footnote is gone from the JCC’s draft, said Nethercott. 

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Wyoming Business Council

The Wyoming Business Council is set to receive roughly $14 million, confined to one year, for its internal operations, said Nethercott. 

“Both chambers have decided to only fund the operations,” Nethercott said, “not all the grant programs.” 

She said that’s to compel the Legislature to revisit the concerns it has with the agency, then return in the 2027 legislative session with a vision for its future. 

The Business Ready Communities program is “eliminated,” she said. 

JCC member Rep. Ken Pendergraft, R-Sheridan, elaborated further. 

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Of the appropriation, $12 million is from the state’s checking account, plus the state is authorizing WBC to use $157,787 in federal funds and nearly $1 million from other sources. 

“We’re going to take it up as an interim topic in appropriations (committee) and how to rebuild it and make it work the way we think it should work,” said Pendergraft. But the JCC opted to fund the Small Business Development Center for two years, along with Economic Diversification Division for Manufacturing Works, and the Wyoming Women’s Business Center, Pendergraft noted, pointing to that language on his draft budget sheet. 

Pendergraft made headlines last year by saying he wanted to eliminate the Wyoming Business Council altogether. 

But Nethercott told the Senate earlier this month, legislators have complained of that agency her entire nine-year tenure. 

She attributed this to what she called communications shortfalls that may not be intentional. She cosponsored a now-stalled bill this year that had sought to adopt a task force to evaluate WBC. 

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The Wyoming Business Council’s functions range from less controversial, like helping communities build infrastructure, to more controversial, like awarding tax-funded grants to certain businesses on a competitive application process. 

Wyoming Public Television

Wyoming Public Television, which is not the same as Wyoming Public Media, is slated to receive the $3 million it lost when Congress defunded the Corporation for Public Broadcasting, Nethercott said. 

It will also receive its usual $3 million from Wyoming. 

The entity will not receive another $3 million it had sought to upgrade its emergency-alert towers, said Nethercott, “because we received information from them… they have another source to pay for the replacement and maintenance of the towers.” 

Like the Wyoming Business Council, the Wyoming Public TV’s functions range from less controversial to more controversial.

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The entity operates, maintains and staffs emergency alert towers throughout Wyoming. 

Wyoming Public TV also produces entertainment and informational movies. Its state grants run through the community colleges’ budget. 

State Employees

Nethercott noted that the JCC advanced to both chambers an agreement to pay $111 million from the state’s checking account to give state employees raises.

Those raises would bring them to 2024 market values for their work, she noted. 

Because that money is coming from the state’s checking account, or “general fund,” and not its severance tax pool as the House had envisioned, then $111 million won’t impact the $105 million investment another still-viable bill seeking to build an “energy dominance fund” envisions. 

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That bill, sponsored by Senate President Bo Biteman, R-Ranchester, seeks to lend to large energy-sector projects. 

Biteman told Cowboy State Daily in an interview days before the session convened that its purpose is to counteract “green” compacts investors have adopted, and which have bottlenecked energy projects.

Wyoming’s executive branch is currently suing BlackRock and other investors on that same assertion. 

Clair McFarland can be reached at clair@cowboystatedaily.com.



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Casper veteran David Giralt joins race for Wyoming U.S. House seat

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Casper veteran David Giralt joins race for Wyoming U.S. House seat


CASPER, Wyo. — David Giralt, a Casper-raised military veteran and conservative Republican, has announced his candidacy for Wyoming’s lone seat in the U.S. House of Representatives. The congressional seat is being vacated by Republican Rep. Harriet Hageman, who launched a campaign in December for the U.S. Senate seat currently held by retiring Sen. Cynthia Lummis. […]



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Rivalries and Playoff Positioning Highlight Week 11 Wyoming Girls Basketball Slate

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Rivalries and Playoff Positioning Highlight Week 11 Wyoming Girls Basketball Slate


It’s Week 11 in the 2026 Wyoming prep girls’ basketball season. That means it’s the end of the regular season. 3A and 4A schools have their final game or games to determine seeding before the regional tournament, or if a team is locked into a position, one last chance to fine-tune before the postseason. Games are spread across four days.

WYOPREPS WEEK 11 GIRLS BASKETBALL SCHEDULE 2026

Every game on the slate is a conference matchup. Several rivalry contests are part of this week’s schedule, such as East against Central, Cody at Powell, Lyman hosting Mountain View, and Rock Springs at Green River, just to name a few. Here is the Week 11 schedule of varsity games WyoPreps has. All schedules are subject to change. If you see a game missing, please email david@wyopreps.com.

CLASS 4A

Final Score: Laramie 68 Cheyenne South 27 (conference game)

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CLASS 3A

Final Score: Lyman 40 Mountain View 26 (conference game)

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CLASS 4A

Final Score: Evanston 41 Riverton 39 (conference game)

Final Score: Natrona County 42 Kelly Walsh 38 (conference game) – Peach Basket Classic

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Final Score: #4 Thunder Basin 64 Campbell County 32 (conference game)

CLASS 3A

Final Score: #1 Cody 77 Worland 33 (conference game) – 5 different Fillies with a 3, and Hays led the way with 34 points.

Final Score: #2 Lander 49 Lyman 34 (conference game)

Final Score: #4 Wheatland 51 Douglas 40 (conference game)

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Final Score: #5 Powell 48 Lovell 42 (conference game)

Final Score: Burns 56 Torrington 43 (conference game)

Final Score: Glenrock 78 Newcastle 30 (conference game)

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CLASS 4A

Rock Springs at #2 Green River, 5:30 p.m. (conference game)

#4 Thunder Basin at #5 Sheridan, 5:30 p.m. (conference game)

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#1 Cheyenne East at #3 Cheyenne Central, 6 p.m. (conference game)

Jackson at Star Valley, 6 p.m. (conference game)

CLASS 3A

#3 Pinedale at Mountain View, 4 p.m. (conference game)

#1 Cody at #5 Powell, 5:30 p.m. (conference game)

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Buffalo at Glenrock, 5:30 p.m. (conference game)

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CLASS 3A

Newcastle at Buffalo, 12:30 p.m. (conference game)

Glenrock at Rawlins, 3 p.m. (conference game)

Torrington at #4 Wheatland, 5:30 p.m. (conference game)

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Wyoming Boys 4A Swimming & Diving State Championships 2026

4A Boys State Swim Meet for 2026 in Cheyenne

Gallery Credit: David Settle, WyoPreps.com





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