MINING NEWS
MOUNT MORGAN SURPLUS Mount Morgan (Queensland) report that for thf five weeks ended July 2 the estimated working stirplus. Including refund of gold tax and adjustments, was £6008. In arriving at this figure no provision has been made for depreciation, overhead expenses of £3250 and preference share dividend £1231. Capital expenditure for the period amounted to £2529. Manager's Remarks.—Wet weather spread over the first three weeks of the period restricted ore deliveries. Both mills and the smelter operated normally on reduced throughput. GOLDEN DAWN REPORT Golden Dawn (Owharoa).—A start has been made to unwater the wlnre on No, 5 reef below No. 3 level preparatory to driving south at 100 ft vertically below the level. There Is now only another 25ft to unwater when a platform will be put in from which to work the new level. YIELDS OF COMPANIES Fiji Gold Mines —Four weeks ended July 9 - Emperor- Crushed. 12.858 tons for 40030z fine gold. Loloma: Crushed. 2830 tons for 32530z. Clutha (Otago).—36oz. 122 lours. Gillespie's Beach (Westland). — 22 J/ 20Z, 15.000 yards, 130 hours. NEW GUINEA SHARES (Rec. 11.30 a.m.) LONDON. July 21. New Guinea mining shares are quoted at 1/2.
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Auckland Star, Volume LXXII, Issue 171, 22 July 1941, Page 3
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195MINING NEWS Auckland Star, Volume LXXII, Issue 171, 22 July 1941, Page 3
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