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In 1935 New Zealand gold output peaked during the depression, with two-thirds by the Waihi Company which was the largest of the four major companies. That year for tax reasons the Waihi Company was split into three, including the Martha Company which controlled the Martha Mine. [2] By the 1950s the mine was struggling due to a series of factors.
A group of Auckland businessmen offered a reward of £100, increased to £500 for the finding of gold in the Auckland region. The Auckland Provincial Council then offered £2000 for the finding of a goldfield in the Hauraki region south of Auckland, though southerners like the Otago Daily Times regarded the potential Coromandel goldfields as a "Complete Hoax".
Mining in New Zealand began when the Māori quarried rock such as argillite in times prior to European colonisation. [1] Mining by Europeans began in the latter half of the 19th century. New Zealand has abundant resources of coal, silver, iron ore, limestone and gold. It ranked 22 in the world in terms of iron ore production and 29th in gold ...
The S&P/NZX 50 Index is the main stock market index in New Zealand. It comprises the 50 biggest stocks by free-float market capitalisation trading on the New Zealand Stock Market (NZSX). The calculation of the free-float capitalisation excludes blocks of shares greater than 20% and blocks between 5% and 20% that are considered strategic. [1]
It was the site of New Zealand's first major gold rush. The discovery of gold at Gabriel's Gully by Gabriel Read on 25 May 1861 [ 1 ] [ 2 ] led to the Otago gold rush . [ 2 ] While gold had been found in Otago before, this rush was beyond expectation, with the population of the gold field rising from almost nothing to around 11,500 within a ...
Christopher Reilly (sometimes spelt Riley) was an Irish gold prospector who participated in the Otago gold rush in New Zealand in the 1860s. [1] In 1862, Reilly discovered gold on the Clutha River with Horatio Hartley. The location was proclaimed as the Dunstan goldfield on 23 September 1862. [2] [3]
The Otago gold rush (often called the Central Otago gold rush) was a gold rush that occurred during the 1860s in Central Otago, New Zealand. This was the country's biggest gold strike, and led to a rapid influx of foreign miners to the area – many of them veterans of other hunts for the precious metal in California and Victoria , Australia .
The Waihi-Waikino Gold Tramway (also known locally as The Rake) was a narrow-gauge railway which ran between gold mines at Waihi and the Victoria Battery at Waikino. Owned by the Waihi Gold Mining Company, it operated from 1897 to 1952. [1] It was the only private railway in New Zealand used by the gold industry. [2]