MINING NEWS.

New Zealand Herald, Volume LI, Issue 15503, 9 January 1914, Page 5

MINING NEWS.

WAIHI GRAND JUNCTION.

£14,641 FROM 7370 TONS.

£180,119 IN 1913.

TOTAL TO DATE, £798,696. For the period of December the Waihi Grand Junction Gold Mining Company, Ltd., with 39.2 stamps, running 20 l-3Td days, crushed and treated 7370 tons of ore for a return of bullion valued at £14,641 9s 6d. This shows a decrease of £2191 2s 4d compared with the return for November. For 1913 the total amount of bullion won from the mine was £180,119 2s 9d, compared with £73,863 9s 9d in 1912, an increase of £106,255 13s. In 1912, the company's operations were seriously interfered with, owing to the Waihi strike. The value of the output from the mine to date is £798,696 8s 2d, as the following table of details shows :—

MOUNT MORGAN MINE.

HALF-YEAR'S PROGRESS,

By Telegraph—Press Association—

(Received January 8, 6 p.m.)

Brisbane, January 8.

The half-yearly report of the Mount Morgan mine shows a surplus of £172,845, to which must be added the undivided profits of £46,591, and dividends of a shilling a share paid in October and on the 2nd inst., which absorbed £100,000. A balance of £65,846, after meeting all charges, is carried forward. During the half-year, 148,924 tons of ore. which were treated, yielded 4354 tons of copper, and 54,9820z of gold. Developments during the year have made it possible in the near future for the concentrators to treat 500 tons more ore per Hay. Every effort is being made to complete the new power plant, and have it available to operate the old smelter until the new one is running. In addition, 3,245,000 tons of high and medium grade ores at the least and 3,000,000 tons of lower grade ores are suitable for concentration.

CONSOLIDATED GROUP. The following are the returns from the Consolidated Group, Reefton.Progress: Crushed 2920 tons, yielding £1899; cyanided 2500 tons,, yielding £1295; estimated value of sulphurets produced, £496 ; cost per ton. mining 12s sd, milling 2s lOd, general and bullion charges 2s lid. B

Wealth of Nations : Crushed 2180 tons, yielding £2723; cyanided 1420 tons, yielding £764; estimated value of sulphurets produced, £3?; cost per ton, mining 13s Id, milling 3s lid, general expenses and bullion charges 3s 4d. Blackwatcr: Crushed 4008 tons, vieldrag £6298: cyanided 2378 tons, yielding £771 ; estimated value of sulphurets produced, £558; cost per ton, mining 15s 6d, milling 3s 2d, general expenses and bullion charges 4s Id.

THAMES DEEP LEVELS. tiT 56 water in the pump shaft «* the lUm« Deep Levels had risen to a height <U £1", ft on Tuesday morning. TAIRUA BROKEN HILLS. The Tairua Broken Hills and the Champion mine have been combined, and a new company is to be formed for the purpose of undertaking further development work. WATCHMAN. It is expected that crushing will be started at the Watchman Company's battery Tararu, this month. A mill has been purchased for this purpose. The treatment of the 1000 tons of ore at the Waiotahi mine proved the ore to be payable. Mr. J. M. Coates is to bo mine superintendent.

To end of 1907 £89.626 14 8 1908, 40,060 tons 70 918 18 9 1909, 59,117 tons 99,916 3 8 1910, 83,313 tons 133,522 13 7 1911, 105,956 tons 150,729 10 0 1912, 41,712 tons 78,888 9 9 o . , ,. £618,677 5 6 renod endingFebruary 22, 1913, 7207 tons... 9,479 1 2 March 22. 6408 tons 10.138 0 0 April 19, 8100 tons 13,000 0 0 May 17, 9000 tons 16,600 0 0 June 14, 8300 tons 17,200 0 0 July 12, 9096 tons 17.130 0 0 August 9, 8800 tons 15 200 0 0 Septembor 6, 8500 tons ... 16,lu0 0 0 October I, 8409 tons .s 16 469 10 11 November 1, 8670 tons 17 328 9 4 November 29. 8360 tons ... 16!882 11 10 December, 7370 tons 14,641 9 6 Total to date £798,698 8 2 Total dividends paid to date, £60,000.