MINING YIELDS

Auckland Star, 12 May 1941, Page 4

MINING YIELDS

Rimu.—lo2oz from 33,355 yards ao'd.—37%oz from 7500 yards in 120 ho*?" 7 Blver - —37 '4° z fr °m 20,300 yards in 128 2^^i lnßt °H Alluviala IN.S.W.). reports 6700z from 251.000 yards for S2B hours to April 28 Austral-New Zealand Dredge.—The return Is 41Jpa of bullion tor l< days to midnight. Mav 3 Blackwater (Serf ton).—Return lor AprilCrushed. 1250 tons, yielding lol7oz. including clean-up of old mill, valued at £8543. Working expenses, not Including ordinary or war duty £6730; development expenditure. £245 and caDital expenditure. £356. Low returns due to labour dispute. TRITON PASSES DIVIDEND Because of the reduced tonnage treated during ',m l ast . three po""". Triton Gold Mines. N L (West Australia) will pass the dividend which normally would have been payable at the end of Trie, directors state that the materially reduced n o ° n ««. resulted in decreased revenue and Increased costs per ton of ore mined. This was ?.™ very heavy ground encountered in the lower levels of the mine and to a shortage of miners. Alterations are being made in the system of mining, by which it is expected to improve the ™m P , Ut f f m? d J : ° nse< ? uently c . osts of mining, though some time must elapse before the effect of these £? a ,5 ee "i, w i , , 1 b S felt - The ore reserves of the mfnl 31 1940 ?h,v 19 £rfrf ar h s , U ?H tly loWer than ™Ma"h ■„ "°' tney add ' but the ore now develoD°d R Pro'We for profitable operations fj? m?nl can n te W i O nc^«ed PrOVlded the Ou,put of the