02/22/2013 02:18 pm ET

'Gold Rush' Renewed By Discovery For Season 4

Discovery has renewed its reality hit "Gold Rush" for a fourth season, according to The Hollywood Reporter.

The show, which follows the exploits of miners in Alaska and Klondike, Canada as they search for gold deposits, has become Discovery's highest-rated reality show and a Friday night ratings powerhouse over the course of its three seasons.

"Gold Rush" producer Christo Doyle hinted to THR that some type of spinoff could be announced during the show's live Season 3 finale Friday night. "We'll announce some additional things we have planned ... maybe some offshoots happening," he said.

Fore more on "Gold Rush's" renewal, click over to THR.

The Season 3 finale of "Gold Rush" airs Friday night at 8 p.m. EST on Discovery.