Reed, not understanding the true value of gold, asked for what he thought was the hefty price of, or a week's worth of wages. The large nugget's true value was around 3,600. About 1803, John Reed organized a small gold mining operation. Soon afterward a slave named Peter found a 28pound nugget. 
· Endeavour Mining starts construction of its Hounde Project, its next lowcost gold mine Skip to main content Open menu. About Us ... In this update, operating unit costs for mining (/t mined), processing (/t processed), site GA costs, and sustaining capital were unchanged from the November 2013 Feasibility Study.  RCF of US350 million, maturity date March .