Statistics compiled by the Chamber of Mines show that the annual gold output of 495,000 pesos 30 years ago is only three-quarters of one per cent. 39 of the estimated production for 1930, while the total output for the succeed. ing 20 years up to 1928 was not even half of this year's figure.
Mining activity began to pick up seven years ago when gold production reached the 10,000,000 pesos 4 mark.
Since then it has rapidly gained momentum, and during the last five years the rise in output has been spectacular, a consistent gain of not less than 6,000,000 pesos having been noted yearly.
The following are the annual productions for the last ten years:—
Text read from the printed page and cleaned; old type leaves the occasional error.