New Zealand has been producing gold since the 1800s. Although New Zealand is known for the extraction of other materials, the country is best known for its gold production. The gold industry in New Zealand has experienced ups and downs throughout its history. Much of the gold produced there today is recovered in the mining area near the South Island. Fluctuating gold prices and the global economy determines the amount of gold produced by New Zealand and other countries around the world. Today, New Zealand produces more than 12 tonnes of gold each year. The largest source of gold in New Zealand is now the Macraes mine. The mine is operated under...
