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The Welcome Stranger is the largest alluvial gold nugget ever found, which had a calculated refined weight of 97.14 kilograms (3,123 ozt). Three of the biggest nuggets come from the Brazilian Serra Pelada mine. Most of the largest nuggets were melted down into ingots and so only have historical records of their size and mass.
For example, if one owns a share in a gold mine where the costs of production are US$300 per troy ounce ($9.6 per gram) and the price of gold is $600 per troy ounce ($19/g), the mine's profit margin will be $300. A 10% increase in the gold price to $660 per troy ounce ($21/g) will push that margin up to $360, which represents a 20% increase in ...
Nuggets are also referred to by their fineness, for example "865 fine" means the nugget is 865 parts per thousand in gold by mass. The common impurities are silver and copper. Nuggets high in silver content constitute the alloy electrum. [5] The chemical composition of supergene gold nuggets can reveal the characteristics of the primary ore. [6]
Deason and Oates were finally paid an estimated £9,381 (equivalent to A$743,000 in 2022) for their nugget, which became known as the "Welcome Stranger". At August 2019 gold prices, it would be worth US$ 3.4 million [2.3 million GBP]. It was heavier than the "Welcome Nugget" of 69.0 kilograms (2,217 ozt) that had been found in Ballarat in 1858.
North Carolina was the site of the first gold rush in the United States, following the discovery of a 17-pound (7.7 kg) gold nugget by 12-year-old Conrad Reed in a creek at his father's farm in 1799. The Reed Gold Mine , southwest of Georgeville in Cabarrus County, North Carolina produced about 50,000 troy ounces (1,600 kg) of gold from lode ...
The Mojave Nugget is a large gold nugget found in California, United States. It was found in the Stringer district near Randsburg by prospector Ty Paulsen in 1977 using a metal detector . The nugget, which weighs 156 troy ounces (4.9 kg), is part of the Margie and Robert E. Petersen Collection of gold nuggets that was donated to the Natural ...
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