<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>sch14a.txt
<DESCRIPTION>SCHEDULE 14A
<TEXT>

                                  SCHEDULE 14A

           Proxy Statement Pursuant to Section 14(a) of the Securities
                      Exchange Act of 1934 (Amendment No. )

Filed by the Registrant |X| Filed by a Party other than the Registrant |_|

Check the appropriate box:

|_|  Preliminary Proxy Statement

|_|  Confidential, for Use of the Commission Only (as permitted by
     Rule 14a-6(e)(2))

|_|  Definitive Proxy Statement

|X|  Definitive Additional Materials

|_|  Soliciting Material Pursuant toss.240.14a-12

                            THE GOLDFIELD CORPORATION
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                (Name of Registrant as Specified In Its Charter)

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    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

|X| No fee required

|_| Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

     1)   Title of each class of securities to which transaction applies:

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     2)   Aggregate number of securities to which transaction applies:

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     3)   Per unit  price  or other  underlying  value of  transaction  computed
          pursuant to Exchange  Act Rule 0-11 (set forth the amount on which the
          filing fee is calculated and state how it was determined)

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     4)   Proposed maximum aggregate value of transaction:

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     5)   Total fee paid:

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|_| Fee paid previously with preliminary materials.

|_| Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the Form or Schedule and the date of its filing.

     1)   Amount Previously Paid:

     2)   Form, Schedule or Registration Statement No.:

     3)   Filing Party:

     4)   Date Filed:


<PAGE>


                            The Goldfield Corporation
                           100 Rialto Place, Suite 500
                            Melbourne, Florida 32901

NEWS RELEASE                                   FOR IMMEDIATE RELEASE

                                                 For further information, call:
                                                 John Sottile
                                                 The Goldfield Corporation
                                                 (321) 724-1700


                   ISS RECOMMENDS THAT GOLDFIELD SHAREHOLDERS

                          VOTE FOR GOLDFIELD NOMINEES.


                          Finds performance exemplary.


MELBOURNE, Fla.--June 12, 2001--The Goldfield Corporation (AMEX: GV,
www.goldfieldcorp.com) today announced that Institutional Shareholder Services
(ISS) recommended that Goldfield shareholders vote FOR management's slate of
director nominees at the Company's Annual Meeting, scheduled to be held on June
19, 2001, rather than the dissident nominees proposed by an internet shareholder
activist.

ISS is widely recognized as the nation's leading independent proxy advisory
firm. Their recommendations are relied upon by institutional investors, mutual
funds, and other fiduciaries.

In reaching its decision to recommend that Goldfield shareholders vote FOR the
six nominees on Goldfield's slate, ISS noted in its report that: "The company's
operational and stock performance have been exemplary, especially for a
micro-cap company. Management has implemented a specific long-term strategy for
the company to improve shareholder value." The report concluded that "it would
be in the best interests of all shareholders for the company to 'stay the
course.'"

John Sottile, President of Goldfield, said that "the ISS report was a
comprehensive and accurate analysis of Goldfield which impartially answered all
significant questions raised by the dissidents."

Although ISS recognized that appropriate safeguards can offset the need for
cumulative voting, ISS concluded that it was not necessary to remove existing
cumulative voting provisions.


                                      -2-

<PAGE>


Goldfield is engaged in electrical construction operations, mining and real
estate. Electrical construction includes the construction and maintenance of
electric power lines and fiber optic communication systems. Mining operations
include the mining of industrial minerals and construction aggregates.


                                      # # #


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