FIJI MINING.

Auckland Star, Volume LXX, Issue 305, 27 December 1939, Page 3

FIJI MINING.

MOUNT KABI OUTPOT. £7»sBOT-DURING THE YEAR. (from Owr Own Correspondent.) SUVA, December 15. Great Improvement hue been shown this year in the returns from the Mount Kasl Mines on the-inland of'Vanaa LeTU, Fiji. Daring November 3058 tone of ore were crushed, realising 170 ounces of fine gold worth about £7000. For the 43 weeks since the beginning of the year .10,41(4) tone of ore were treated, and 7910 fine ounces of gold obtained, having a total value of £71,857 (Australian). Tills nhows a favourable comparison with last yenr, when for the full 52 weeks 38,420 tona of ore w«re treated, giving 8320 line ounces of gold, valued at £72,876 (Australian). With production even at the aame level, higher vnlups this yenr will mnk« an appreciable difference in the return. Special attention has been attracted, by Fiji mining shares on the Auckland Stock Exchang« recently, as a result of the enhancement In tlie price of gold and the increased production of the mines. There have been sharp rises in the prices for shares In the Mount Kasl. Emperor and Lolomn companies, all of which operate In The following tii'ble, rompnring prices at the close of the Stock Exchange year with those of a month ngn ami a year ago. gives some Idea of the extent of the rise in value: — Tear Dec. 21. Nov. 2.1. ago.. £ s. (I. £ s. d. £ s. d. Emperor (10/ pel.) O 15 0 0 12 0 0 10 10 Loloma CS/pd.) 1 11 3170120 Mount Knot (3/ pd.) 056050040 Both Loloma and Emperor have pnld substantial dividends in the past year. while the Mount Kaei company has applied the profits earned to mine Improvement. RETURNS OF COMPANIES. Big River (Reefton). —Return for November ii n<l December: Battery department. 157 tons of ore crushed lor of melted gold. Cyanide department: 100 tons of sands treated for 18oz of bullion. Total estimated value at 100/ an ounce, £040. In ndditloti two tons of concentrates were saved, valued at £80. Worksop Extended (West Coast). —490 a from 23,000 yards In 226 hours. Bulolo (N.-w Guinea). —November gross produrtlon, 24,(i840z of bullion containing 17.03208 of line gold from 1,610.000 cubic yards. Estimated working profit, 93250z line gold, after allowing for the Australian •war excise duty.