Although the price of gold has increased significantly since 1967 when the fixed price of 35 an ounce was terminated, the increases in the cost of virtually every supply and service item needed in prospecting and mining ventures have kept profit margins .
New Zealand gold mining followed the gold rush fever that swept through California and then Australia. Rumours of gold in New Zealand date back the 1820's but gold miner Charles Ring is credited with producing the first tangible evidence according to the history books.
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GOLD MINING output will struggle to record a 10th consecutive year of growth in 2018 according to leading analysts, ... Capital expenditure is also recovering from the slump in gold prices, with the rally in bullion encouraging new mining investment.
Throughout gold rush and gold mining history, the discovery of a large gold nugget is a phenomenon which always causes excitement throughout a mining community as .
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Owner Barry Rooney, a former butcher, says the price of gold has doubled in the 15 years he has owned the shop; and modern technology has made even historic West Coast mining .
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