Fingers crossed22 Jul 2020 11:27
Clogau produced significant amounts of gold in the 1890s. In 1899, it produced £60,000 worth of gold (equivalent to £6,803,810 in 2019).[2]
In 1919, exploration of the mine found new gold veins. A new crushing plant was installed and the mine was re-opened.[3]
In 1989 the Clogau Gold Mine was re-opened by William Roberts, founder of Clogau Gold of Wales Ltd. Gold extraction re-commenced between 1992 and 1998, with small-scale mining providing the gold for Clogau Gold jewellery. Mining eventually ceased in 1998 due to high cost of mining and diminishing quantities of gold being found.
Future miningEdit
A 2012 report conducted by Snowdon Mining Consultants on behalf of the current owners of the mine, Gold Mining Wales Ltd (GMW), suggested that as much as 500,000 ounces of gold could be lying untouched in the area surrounding the mine
500.000 x £1400
=around £700.000.000 ????