The Idaho Springs siftings-news., 1907-11-09
NEWS FROM THE MINES AND MILLS
Transvaai and Australasia.

Tsansvaai and Australasia.
The August gold output Of the
Transvaal amounted to sss.o27 nne
ounces. valued At G2.3s7.e02. OF which
the Rand contributed 534.s9s fne
ounces. valued at f2.270.sz6. This is
a new monthly record for the Trans,
vaal. and. in fact. for any gold dis
trio, in the world. II exceeds the rec
ord output. Of December. 1906, by
1850 dne ounces The total number
Of stamps 1t work was s.6G5, An in
crease OF eighty-five over the preced
ing month. Forty-seven OF the sixty
seven mines on the months producing
list show an increase.
The August output brings the pro
duction for the hrst eight months OF
this year TO 4.2os.0s1 ounces. OF a
value of fl7,s66.l2s. which compares
with 3,657,357 ounces, OF a value OF
els, .465 for the corresponding pc.
riod OF 1906.
1t is expected that this years gold
production OF the Transvaal Will
amount to approximately $3.50, 900
fine ounces. worth Sl26, 900 900: this is
figuring the average monthly output
for the last four months OF the year
at nearly 522 600 fine ounces, which
appears conservative enough on the
basis OF the production for July and
August, which was respectively 53-
I'll and 534.5 fine ounces. The pro
duction for last year was 5,7SG,tlI
fine ounces, Of value OF $115, ,735, 900.
The gold production OF the United
States in 1906 was 4.565,333 fine
ounces, valued at $94 1873 500. and this
ably more than 00.Oo0,0 900 1t is,
therefore. certain that the Transyaal
will again rank first among the gold
producing countries OF the world for
the year 1907.
The Transyaal output OF this year
will be twice as large as that Of 1903,
showing the remarkable progress Of
gold winning operations in the coun
try. II is the general belief. howeyer.
that 1907 will be the Transvaal's ban.
ner twelvemonths period and that
succeeding years will record q large,
but decreasing. output.
The gold production OF Australasia
is steadily declining. the latest avail
able statistics showing a decrease OF
l70. 900 ounces for the first six months
of this year, as compared with the
like period OF 1906. This decrease is
largely due to impoverishment of the
veins in the deeper levels OF the
mines OF kalgoorlie and other dis
tricts in Western Australia and to the
fact that no new districts OF impor-
tance have been discovered during the
last few years The older districts
such as Ballarat, Bendigo, Maldon
Charters Towers. Gympie and Hill-
grove Che first three in Victoria and
the latter three in QueenslandD. all
give evidence of dying out. The de-
crease of output in these three states
for the six months under considera-
ton has been as follows: Weston
Australia 10000 ounces; Victoria So
600 ounces and Queensland, 25,noJ
ounces. New Zealand shows de-
crease OF about 10000 ounces al
/ though the famous Waihi mine is
Z yielding over $780, 900 monthly and
+ has reserves sufficient to insure of
many years productiveness. The
dredging operations in Otago and on
F the West Coast are not proving as
succe ssful as hitherto. OF all the
Australian states, New South Wales
alone made an increased production
for the first half OF the year. this be-
ing accounted for largely by the gold
by-product from the smelling Of base
metals. There appears no Immediate
prospect for long staying the decline
in any OF the important gold fields Of
the country.
The gold yield OF Australasia for
1906 was 4,i97.7G5 fine ounces, valued
at $50. .955, 300. as compared with a.
G34.6o3 fine ounces. of a value OF $92,-
/ G92 .06o in 1905. IL is estimated that
the 1907 output will fall below $780,
I 900, 900