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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".
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 .
This setting was partly inspired by Elsie Locke's classic New Zealand children's novel The Runaway Settlers, which also features the gold rush. [5] [6] In Rose Tremains's 2003 novel The Colour a British couple emigrate to New Zealand and the husband gets swept up in the gold rush. The title refers to the gold prospectors' term for very fine ...
From the 1890s Otago rivers were dredged for gold, using New Zealand-developed floating dredges. [17] Mining for gold has a long history in areas like the Coromandel Peninsula. Up to 2003 an estimated 998.71 tonnes of gold had been mined in New Zealand, a little under one percent all the gold mined worldwide.
Spot gold also rose to a new high north of $2,690 per ounce. Year to date, gold is up more than 30%, beating out the S&P 500’s gain of 22% and making it one of the best-performing commodities of ...
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
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.
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 ...