MINING NEWS.

New Zealand Herald, Volume LII, Issue 15932, 1 June 1915, Page 5

MINING NEWS.

THE GOLD RETURNS.

£65,302 FOR MAY.

The gold returns to hand from the various mines in the Auckland Province for the month of May represented a total of £65.302 12s 3d. Compared with the figures for April hist month's returns showed a decrease of £6064 14s Bd. This is partly accounted for by the fact that in April there were two returns from the Waihi-Paeroa. Gold Extraction Company, Ltd. hi May, 1914, the yield from the mines in the province was £78,959 2s 6d, consequently the figures for lust ■ month, in this comparison, show a shrinkage of £13,656 10s 3d. The reason for this is that in the corresponding month of last year there were six returns from Ohinem iri, compared with four in the month just closed. In May, 1914, there were t«'o returns from Coromandel, whereas last month there were none. The returns from Ohinem in May, 1914, were, with one exception, higher than the corresponding returns received last month. | The returns for May are as follows:—

WAIHI. DIVIDEND PAYABLE TO-DAY. DISTRIBUTION OF £24,795. The 88th dividend, of Is per share for the quarter, Till be paid to shareholders in the Wa' ; - ; Gold Mining Company, Limited, today. This will absorb £24,795 7., and will bring the total dividends and bonuses paid to date to £4,730,978 13s Bd. There are 2332 colonial shareholders on the register of the company, holding 190,737 shares, and the sum of £9536 17s will be distributed to them. When the previous dividend was paid, on March 1, there were 2352 colonial shareholders. holding 189,370 shares, and they received £9468 10s. The present distribution thus shows an increase to colonial shareholders of £68 7s. The total Amount of bullion won from the' mine to date is £10,883,082. —— GOLDEN BELT. The reef in the stopo at No 1 level, Golden Belt mine, Nevesville, looked well last week, and good payable ore was being produced from it. The battery was working with 15 head nf stamps, and was crushing the ore broken in No. 1 level stopes. WAIOTAHI. The cleaning up of the old battery at the Waiotahi mine, Thames, was still in progress last week. Payable results were obtained. ' WAIHI REEFS GIGANTIC. The manager of the Waihi Reefs Gigantic, reporting on the work done at tiro mine for tho week ending May 24, says:—"The progress made by tho contractor for the crosscut?, in the 1000 ft level is 20ft in the north and 17ft in tho south-east face; total for the. ween, 37ft. During the week we have passed from tho hard black country in tho north faco to a milder class of country containing a good percentage of bright mineral, and these two belts are divided by a cross course of very mild country some 6ft in width, bringing about quite a change in tho face. Tho total distance out from the shaft in the north end is 454 ft and from the south-east end 369 ft. In the southeast face tho countrv maintains a firstclass appearance, and is very favourable , for the existence of quartz lodes."

OHINEMUfil. £ 8. d. Wailii G M. Co., Ltd., 15,738 tons 25,766 0 0 Wailu Granfl Junction Gold Co., Ltd.. 10.150 tons . 17,335 7 2 Talisman Consolidated G.M. Co.. 3110 tons -.. 16,114 10 9 Waihi-Pncroa Gold Extraction Co.. Ltd.. 13.400 tons tailings 3,200 0 0 Total Ohinemuri district.. £62,415 17 11 THAMES. New Sylvia. 876 tons .. 1.234 0 0 Watchman, 620 tons .. 686 0 0 Monowai, 220 tons 437 0 0 Occidental Consolidated. 72 loads 325 0 0 Golden Belt. 98 tons 204 14 4 Total Thames district .. £2886 14 4 Total Auckland Province for May . £65,302 12 3