GOLD MINING

Grey River Argus, 9 October 1934, Page 6

GOLD MINING

WORKSOP RETURN. The wash-up from the Worksop. Extended dredge last week was 540 z 12dwt for 135 hours’ dredging. The quantity of material treated was 9500 cubic yards. GOLD PRODUCTION. DECLIN E CONTINUES. Statistics disclose that the decline in gold production from most of the leading fields of the world is continuing, notwithstanding the revival in the industry. Tn the case of the Transvaal, which produces approximately half the world’s output, the figure up to the end of June was 5,241,153 fine oz, as compared with 5,559,479 fine oz for the first half of 1933, a contraction of 318,326 fine oz. Canada, the second largest producer in the world, accounted for 928,416 fine oz for the first four months of the year, as against 958,851 for the corresponding period of 1933, suggesting a possible decline. Production from India for the first six months was 158,413 fine oz, as against 168,895 fine oz for the firslt half ’of 1933, a dccre:iseof 10,482 fine oz. OffsetMiig this decline is a from West. Australia of 316,331 fine oz, compared with 299,807 fine oz for The first halt of 1933. being an increase of 16,524 fine oz. QueenslanTl, Victoria, New South Wales, and. SoufTi Australia also returned increases. There is n°

reason to expect any material increase from the United States. 'The gold output from the lesser, anil, generally speaking, newer fields, like Tropical Africa and New Guinea, may be expected to show improvement, hut there can be no doubt that the world’s ouipuT on balance during the first half of the current year will be n a'eriallv lower. Tn Australia, as in New Zealand,, many of the companies formed have yet to reach the producing stage, and some time must he allowed for the improved outlook for gold-mining ventures to be reflected in expanding production of gold. Gold exports from New Zealand for seven months ended .Tulv 31 last were 92,545 oz, valued by the Customs at £711.872; for the corresponding period last year the exports was 9’4.14 7 oz. valued at- £651,463. Gold exports for the year 1933 amounted to 177.285 oz compared with 200.648 oz. The value for 1933 .was £1 281,612; for 1932, £1 092 280. LUCKY FIND. A couple of yonng men left relief work at .Dunedin recen'tly to go under the prospecting subsidy. They set to work in the Lawrence district. Wiith good luck 'they ran quickly into a rich seam, and for a. long time were making £7 a day.' Although the wash is not so profitable as it once was, th<? miners are still making good wages and declare that (the city is not likely to see them again for a while as residents.