179GOLD, SILVER, COPPER, AND LEAD IN ALASKA
(MINE REPORT)


By CHAS. W. HENDERSON AND A. J. MARTIN



SUMMARY OUTLINE
 Page Page
Smmnary  179 Markets and metallurgy 181
 Calculation of value of metal production~  179 Review by regions. 182





SUMMARY
 Gold recovered from Alaska ores and gravels in 1941 totaled 695,467 fine
ounces valued at $24,341,345-~—a decrease of 8 percent from the 755,970
ounces valued at $26,458,950 in 1940. The value of the gold in 1941 was 99
percent of the total gross ' ~alue of the gold, silver, copper, and lead
produced The silver, lead, and most of the copper produced were byproducts
of.gold mining. The number of producing lode mines decreased from 73 in 1940
to 56 in 1941, floating connected-bucket dredges from 49 to 47, and other
types of placer operations from 1,020 to 752.
 All tonnage figures are short tons and "dry weight"; that is, they do not
include moisture.
 Yardage figures used in measuring material treated in placer operations
are "bank measure"; that is, the material is measured in the ground before
treatment,
 The value-of metal production herein reported has bee~ ~ at the following
prices.

P, ices of gold, silver, copper, lead, and zinc, 1937—41
Year
Gold 1
Silver'
Copper'
Lead'
3
1937                        
1938                        
1939                     
1940                        
1941                        
Per fine
ounce
$35.00
35.00
35.00
35.8)
35.00
Per fine ounce
 $0. 7735
4. 646+
 ' .678+
 6 711+
 6.711+
Per pound
 $0. 121
. 098
104
.113
.118
Per pound
 $0. 059
. 046
. 047
.050
.057
Per pound
$0. 065
. 048
. 053
.063
.075
 1 Price under authority of Gold Reserve Act of January 31, 1934. Treasury
legal coinage value of gold from January 18, 1837, to January 31, 1934, was
$20.67+($20.671835) per fine ounce.
 21937: Yearly average weighted Treasury buying price for newly mined silver;
1938-41: Treasury buying price for newly mined silver.
 ' Yearly average weighted price of all grades of primary metal sold by producers.
~ $0.64646464.
' tO.67S78787.
 6 0.71111111.