EL PASO GOLD PROSPECTORS ASSOCIATION

 


Except for small recoveries of gold by Indians and Spanish explorers, gold was first discovered and mined in the United States In North Carolina in 1799. This initial discovery was followed by others in the 1820 s and 1830 s in several of the other Appalachian State. These States produced significant amounts of gold until the Civil War. After the discovery of gold In California in 1848 the Western States contributed the bulk of this country's gold production. New discoveries in widely separated areas In the Western States followed in rapid succession. From 1799 through 1965, the United States produced about 307,182,000 ounce of gold, which at the price of $86 per ounce would be valued in round numbers at $10,751 million. In an analysis of gold-production trends, the period 1932-59 is particularly informative; the effect of the increase of the price of gold in 1934 from $20.67 to $36 per ounce is clearly shown, as is the effect of a fixed selling price of gold combined with rising coats of labor and material in post-World War II years. Districts that have produced more than 10,000 ounces are distributed in 21 States. Five States-California, Colorado, South Dakota Alaska and Nevada-have yielded more than 75 percent of the gold produced in this country. Of the more than 500 districts that have produced more than 10,000 ounces of gold, 45 have produced more than 1 million ounces, and four-Lead, S.D., Cripple Creek,  CO, Grass Valley, Calif., and Bingham, Utah- have produced more than 10 million ounces each. The 25 leading districts have produced about half the gold mined in the United States, and the 508 districts that are described account for roughly 90 to 96 percent.


[Oreg.] [Ariz.] [N.M.] [S.D.] [Tenn.] [S.C..] [N.C..] [Penn.]



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