GREAT BOULDER MINE

New Zealand Herald, Volume LXX, Issue 21520, 17 June 1933, Page 9

GREAT BOULDER MINE

REMARKABLE RECORD VAST OUTPUT OF GOLD shareholders; rich return The history of the Great Boulder Pro* prietarv Gold Mines, Limited, which has been operating in Western Australia for nearly 40 years, is wrapped up with tho history of Kalgoorlie. In' 1894 Kalgoorlie was at a low ebb, as most of the alluvial diggings had become exhausted, but the successful flotation of the Great Boulder and Lake View mines in 1895 resulted in an orgy of company- promotion, and money flowed into the fields. To-day. after 39 years of production* the Great Boulder, confounding tho pessimists of recent years who contended the mine was nearing its end, shows no sign of exhaustion, and in point of fact, says, a corresjwndent of the Melbourne Age, several prominent: discoveries have been made on tho property during tho past, twelve months* especially on the "X" lode at tho 1650 ft. and IfOOft. levels. Within a few years of its existence the company produced 1.000,0000z. of • gold after being regarded as a veritable "wild cat," and had paid £1,703.657 in dividends—almost ten tilrtes the amount of the nominal capital. Its dividends have been its distinctive feature,; except during recent years. Since the mine's inception in 1895 it crushed to June. 1032, 4,361,C0S tons for 4,311,9390iC., valued at £14,844,819* Profits were £7,597,224. The 2* sharea forming the capital tff £175,000 have realised more than 3524 per cent ini dividends —a feature unsurpassed except by very few companies in the world. No other company on the 'Golden Mile has come within 50 per cent of the dividends paid by the Great Boulder. The latest estimate of ore reserves reveals that there are 204,792 tons of Bdwt. ore, while probable ore reserves are 333,208 -tons. Ore reserves in 193Q were only 87,000 odd tons. The minej is maintaining its reputation as ond of the world's most remarkable properties.