Royal Oak.
£1,067 FROM l<Jj TONS.
The result of the past month's operations at this Coromandel mine is again satisfactory, gold worth £1,067 having been obtained from 10 tons of general quartz and 5451bs of picked stone. Last month three times as much general quartz and picked stone was treated, when the return totalled £2,302.
The declaration of a dividend'by this Company previously notified is an evidence of the richness of the ores worked in the Royal Oak of Hauraki mine at Coromandel. Although 3d may seem a small amount, the fact must not bo lost sight of that these are 5s and not £1 shares, and a? there are 1,000,000 shares since the amalgamation was effected with the Tokatea, this dividend \vill absorb £12,500. This may be looked upon as the outcome of twelve months' work, during which time 256 tons of ore, including picked stone, rereturned bullion worth about £27,874 8s Gd.
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Bibliographic details
Auckland Star, Volume XXIX, Issue 135, 9 June 1898, Page 7
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154Royal Oak. Auckland Star, Volume XXIX, Issue 135, 9 June 1898, Page 7
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