Gold Mining Returns

Dominion, Volume 34, Issue 295, 10 September 1941, Page 3

Gold Mining Returns

Blackwater Mines, Limited, reports the following * return for August: Crushed, 3740 tons, yielding 1910 fine ounces of »-old from all sources, the value of whicii when taking gold at 168/- per fine ounce, was £16,044. Working expenses, not including ordinary or war duty, were £8248. Development expenditure was £634, ana capital expenditure was £585. Alexander Mines, Limited, reports gold returns for the month of August as follows :—Battery department: 130 tons of ore crushed for 670 z. lldwts. melted gold. Cyanide department: 233 tons of sands treated for 470 z. 9dwt. of bullion. Total estimated value, £BBO. In addition: Four tons of concentrates was saved for 20.6780 z. of gold, valued at £l6a. In estimating the above values, gold has been calculated at £S per fine ounce. Una Hill Consolidated Gold Mmes, Thames, reports that for the month ended August 29, comprising fourteen crushing days, 120 tons of ore was crushed for a return of 750 z. of bullion and seven tons of concentrates, estimated to contain 420 z. of bullion. As this is the first return from the new battery, nothing has yet come from cyanide treatment. The total realization is expected to reach £9lO. Steady and satisfactory development continues at the mine where resumption of work at tl;e south end of_ the Specimen Reef yielded 201 b. of picked stone in the first five days. Woolworths (N.Z.), Ltd. Woolworths (N.Z.), Ltd., has advised the Stock Exchange Association that the second half-yearly dividend of 4J per- eent. on the paid up preference share capital, will be payable on October 15, subject to a deduction of 2/- in the £ social and national security tax. The transfer books will be closed from September 23 to 30, both inclusive. General Industries, Ltd. General Industries, Ltd., Sydney, announces that the interim dividend for the half-year ended August 31, will be paid on September 30 as follows:—Preference shares, 3i per cent., ordinary shares, 5 per cent.