MINE AND DREDGE REPORTS
The Stock Exchange Association of New Zealand is advised as follows: —
Broken Hill South audit of accqunts for year ended June 30, 1941, completed. Board authorised customary advance announcement of the year's financial results. Net .profit after providing for depreciation, taxation, royalty, and contingency rear.trve amounted to £341,051, of which £206,867 came from mining and £134,184 from investment. Annual report will be issued in October. Mount Morgan.—Operations for four weeks ended August 27: Estimated working surplus for period, £15,534. (Metal prices: Gold £A 9 15s per oz, copper £ABO per ton, silver A2s per oz.) Wo provision made for depreciation, overhead expenses of £2600, and preference share dividend £1231. Capital expenditure for the period, £1002. Operations were continuous and ore deliveries satisfactory. All sections operated normally. Argo dredge returned 28oz for 108 hours from 10,000 yards. Snowy River return totalled 254£0z for 120 hours from 30,000 yards. Blackball Creek dredge, 430z for 116 hours. Gilliespie's Beach. 250z 7dwt; 164 hours; 19,400 yards. J , ' .. , Okarito gold latest return totalled 220z 6dwt for 118 hours. Grey River dredging return for week ended September 17 for 124 hours and 90,027 cubic yards was 2090z.
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https://paperspast.natlib.govt.nz/newspapers/EP19410924.2.117.1
Bibliographic details
Evening Post, Volume CXXXII, Issue 74, 24 September 1941, Page 11
Word Count
195MINE AND DREDGE REPORTS Evening Post, Volume CXXXII, Issue 74, 24 September 1941, Page 11
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