THE RAND GOLD RETURNS.
The Johannesburg monthly gold returns are aa wonderful ac ever. The output for the month of June was 251,5200z., being the greatest yet recorded. The total output for the first half of the year is 1,388,4300r-, against 1,052,2140z. for the first half of 1896 »nd 1,113,5470z. for the first half of 1896. It ie now probable that the output for
the current year will fall liltle short of 3,000,0000z. of a value, at £3 83 per oz. t of about ten millions sterling. Whether deeplevel mining pays at Johannesburg or not, it is certain that the yield has been largely augmented by the deep-level mines. The Johannesburg mines are unique, for according to various estimates there is still several hundreds of millions of pounds' worth of gold to be taken out ot them. The banket formation ia one of the mining wonders of the world.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP18970828.2.31
Bibliographic details
Press, Volume LIV, Issue 9817, 28 August 1897, Page 7
Word Count
149THE RAND GOLD RETURNS. Press, Volume LIV, Issue 9817, 28 August 1897, Page 7
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in