Georgia=Tonapah Gold Mining Co. - Stock Certificate
Inv# MS3306 Stock
Stock printed by Goes. Bright orange color!
Gold mining in the United States has taken place continually since the discovery of gold at the Reed farm in North Carolina in 1799. The first documented occurrence of gold was in Virginia in 1782. Some minor gold production took place in North Carolina as early as 1793, but created no excitement. The discovery on the Reed farm in 1799 which was identified as gold in 1802 and subsequently mined marked the first commercial production.
The large scale production of gold started with the California Gold Rush in 1848.
The closure of gold mines during World War II by the War Production Board Limitation Order No. 208 in autumn 1942 was a major impact on the production until the end of the war.
US gold production greatly increased during the 1980s, due to high gold prices and the use of heap leaching to recover gold from disseminated low-grade deposits in Nevada and other states.
In 2019 the United States produced 200 tonnes (6.4 million troy ounces) of gold (down from 210 tonnes in 2018) from 12 states, worth about US$8.9 billion, and 6.1% of world production, making it the fourth-largest gold-producing nation, behind China, Australia and Russia. Most gold produced today in the US comes from large open-pit heap leach mines in the state of Nevada. The US is a net exporter of gold.
In Wyoming, gold was discovered at the South Pass-Atlantic City-Sweetwater district in present Fremont County in 1842. The placers were worked intermittently until 1867, when the first important gold vein was discovered, and prospectors and miners rushed to the area.. The towns of South Pass City, Atlantic City, and Miner's Delight catered to the miners. The district was nearly deserted by 1875, and was worked only intermittently afterward. Total gold production was about 300,000 troy ounces (9,300 kg). In 1962, the district became the site of a major iron mine.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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