 The El Dorado Gold Mine is owned by Alaska Riverways, Inc., and is located 10 miles north of Fairbanks on the Elliot Highway.The El Dorado Gold Mine began as a placer mining claim operated by the "Swede Brothers" of Fairbanks in the early 1900s.As records of the era were spotty and often poorly kept, the mine's exact ownership history for much of the first half of the century is unclear, though it is known that the mine changed hands several times.