MINING.
GOLDEN DAWN LOSS. __________ / . A loss of £917, Including £576 for depreciation, s reported by Golden Dawn OOld Mining. Ltd., lor 1939. In addition £933 was expended on levelopment. This compares with a loss of £3118 n the previous year, notwithstanding the losses he directors report that the company had had 0 pay over £500 In gold duty. A recommendation had been made by the luperintendent and mine manager that the winze >elow No. 3 level on No. 5 reef should be sunk 1 further 100 ft, since values had increased from j 11/ a ton at No. 3 level to 39/6 a ton 42ft (own. The Government had granted a subsidy on he sinking of £2 for £1 up to £666 13/4 on a ootage basis, and work was under way. YIELDS OF COMPANIES. Argo.—29oz from 17,00? yards In 170 hours. Mossy Creek.—47','aoz from 10,427 yards in 121 Hours. [
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Bibliographic details
Auckland Star, Volume LXXI, Issue 233, 1 October 1940, Page 4
Word Count
150MINING. Auckland Star, Volume LXXI, Issue 233, 1 October 1940, Page 4
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