MINING NEWS.
HAURAKI COMPANY. The half-yearly meeting of shareholders of Hauraki Mines Consolidated, Limited, was held yesterday. Mr. R. H. Montgomery and Mr. M. 11. Wynyard, the retiring directors, were re-clcctcd. REPORTS OF MANAGER^. Golden Dawn (Owharoa) :—For the week ended February 13 307 tons of ore were treated, of a value from daily assays at stamper heads of £1339. The assay tests of tailings show a loss of under 8 per cent. The actual bullion recovered was £576. The balance is in tho mill and will lie recovered as process continues. All the above figures are based on standard gold value of £4 an ounce, as against the present higher price on realisation plus exchange estimated at 50 per cent, increase on the figures given. AUSTRALIAN PRODUCTION. INCREASED JANUARY YIELDS. The Western Australian gold output for January was 44,038 fine ounces, valued at £187,063, which is 16,7310z. in excess of the output .for January since 1921. The output of gold in Queensland for the same month was 9160z., valued at £3891, as compared with 4050z., valued at £1720 in Jhnuary, 1931.
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Bibliographic details
New Zealand Herald, Volume LXIX, Issue 21115, 24 February 1932, Page 5
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182MINING NEWS. New Zealand Herald, Volume LXIX, Issue 21115, 24 February 1932, Page 5
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