Item 8.01. Other Events.

On September 23, 2009, The Goldfield Corporation (the "Company") announced that it has extended its stock repurchase plan.

The Company also announced that it has finalized its previously disclosed settlement agreement with the Environmental Protection Agency ("EPA") and one other potentially responsible party relating to investigation and removal activities at the Anderson-Calhoun Mine/Mill Site in Stevens County, Washington, a mining property which the Company sold 45 years ago. Pursuant to the settlement agreement, the Company made a cash payment to EPA of $73,000 in exchange for a covenant not to sue from EPA relating to the site, along with other protections and subject to various terms and conditions as set forth more fully in the Settlement Agreement, a copy of which is attached as Exhibit 99.1 and is incorporated herein by reference. The Company is in the process of determining whether insurance will cover all or any part of the payment. Notwithstanding the settlement agreement, the remaining potentially responsible party which is required to implement the removal action at the site may, in theory, seek cost recovery from the Company and any other potentially responsible parties at the site, although the Company believes that any such contribution claim against the Company would be resolved favorably in light of the circumstances.

For more information please see the press release attached as Exhibit 99.2 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit Description of Exhibit

99.1. Copy of Settlement Agreement with the Environmental Protection Agency

99.2. Press release dated September 23, 2009, announcing the extension of the stock repurchase plan and settlement with EPA.

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