MINING NEWS
LATEST RETURNS
(By Telegraph—Press Association.) HOKITIKA, April 27. The Rimu dredge return was 303.20z for 133 hours, in which 47,574 yards were dealt with. MOSSY CREEK. The Mossy Creek Gold Dredging Co., Ltd., reports a return of 17oz Gdwt from 9870 cubic yards in .130 hours. BULOLO DREDGE. Production for the four dredges of the Bulolo Gold Dredging, Ltd., for March, compares with that of February, shown in parentheses, as follows:—Cubic yards, 918,000 (885,000); bullion, 17,80G0z (18,358); gold, 12,384 fine ounces (12,726); Australian currency, £108,360 (£111,352).; per cubic yard, 28.3 (30.2); working profit, £77,542 (£77,657). Gold values are at £8 15s per fine oz, Australian currency. ARAHURA DREDGING. Arahura Gold Dredging, Ltd. (N.Z.). reports that the plans and specifications of the dredge were completed early this year. Satisfactory progress is being made with manufacture of equipment. The dredge will be electrically operated, fitted with 18 cubic feet buckets, capable of digging and treating 400,000 cubic yards monthly,, and the design includes the most modern type of gold-saving plant. It is anticipated that the dredge will be ready to begin operations about themiddle of next year. The directors add that although it is not anticipated that any material depreciation in the price of gold will occur, ample provision has been made. All calculations have been' based on gold valued at £4 16s sterling or £6 New Zealand per oz, which is considered sufficiently conservative to cover any variation in the London price of gold or any variation in the existing exchange rate. GOLD RETURNS. Returns of gold dredging and mining conipanies in.New Zealand as received this week are as follows: — Hours. oz. dwt. Maori Gully 132 27 5 . Mataki 128 ' 30 0 King Solomon (week) 20 14 Worksop ...' ..;.135 2S 0 Argo 113 T4 0 Walpapa Beach 129 22 0 Xemona 129 33 0 Mossy Creek 130 17 96 Mataki Junction SI 53 10 Golden Sands (34 shifts) 42 18 Gillespie's Beach. —Dredge stopped. Blmu Dredge 133 303.2
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https://paperspast.natlib.govt.nz/newspapers/EP19370428.2.147.11
Bibliographic details
Evening Post, Volume CXXIII, Issue 99, 28 April 1937, Page 14
Word Count
329MINING NEWS Evening Post, Volume CXXIII, Issue 99, 28 April 1937, Page 14
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