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feasible depth of gold mines

But if the gold price rises by 20% to $1,200 the mine will make $400,000,000 overall. This demonstrates a 'gearing' effect of 4 times - i.e. for a rise in bullion of 20% the share will rise by the 20% plus another 4 times 20%, i.e. 100% (all other things being equal, which they rarely are).

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    It is reported that the gold was found while washing skillets in a stream near McCleary's hilltop camp overlooking the old Anglers Club. By 1867 the first shaft was sunk near the site of the Maryland Mine. Map of Maryland Gold Mines, Placers or Reported Gold Occurrences. 1. Ellicott mine. 24. Black Hills mine or prospect. 2.

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