Kōrero: Stock market

Invincible quartz mine

Invincible quartz mine

Gold mining provided an important boost for the market in shares. At first most gold was extracted through alluvial mining in rivers, where miners could work as self-employed individuals without much capital. But once mining required tunnelling and railways to extract the quartz in which the gold was found, it needed capital investment. So mining companies began to attract funds through shares. The Invincible mine at the head of Lake Wakatipu was a relative latecomer – it opened in 1888, about 20 years after the first quartz mines.

Te whakamahi i tēnei tūemi

Museum of New Zealand Te Papa Tongarewa
Reference: C.014914

Permission of the Museum of New Zealand Te Papa Tongarewa must be obtained before any re-use of this image.

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Te tuhi tohutoro mō tēnei whārangi:

David Grant, 'Stock market - First stock exchanges', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/23668/invincible-quartz-mine (accessed 2 July 2022)

He kōrero nā David Grant, i tāngia i te 11 Mar 2010