MINING NEWS
WORKSOP EXTENDED The Worksop Extended Gold Dredging Company, Limited (West Coast), has declared a dividend (the seventh) of 10 per cent, payable on August 26. This will absorb £I6OO. An amount of £1(50. has been added to the special reserve fund for repayment of capital, mliich fund now stands at £ll2O. The company has now returned 70 per cent on capital since dredging operations began in August, 1931.
YIELDS OF COMPANIES Alexander (Recfton) report for July, with June figures in parentheses:— Crushed, 500 (351) tons for 1970z. Bdwt. (188o?:. 17dwt.) melted gold; cyanide department treated 284 (236) tons of sand for 50oz. sdwt. (430z. 9dwt.) bullion; total estimated value at £7 an oz., £1585 (£1530). In addition, 13.1 (9.3) tons of concentrates wore saved, valued at £414 (£240). Argo (West Coast). —Last week, 490z. for 117 hours, and 10,000 yds. Glenroy (Murehison). —26}0z,. for 92 hours. Gillespie's Beach (South Westland). —Last week, L'iOoz. for 128 hours worked on the lagoon side of the cut. Blackwatcr (Heefton) return for July, with June figures in parentheses: —Crushed, 4100 (3734) tons, yielding 1(380 (161(5) fine oz. gold, valued (at £G 18s 6d an oz.) at £11,674 (£11,193); working expenses, £6429 (£5822), leaving a working profit of £5245 (£5371); development expenditure, £740 (£722); capital expenditure. £552 (£605). flossy Creek (West Coast). —Last week, 460z. lldwt. for 132 hours and 10.679yd5. Worksop Extended (West Coast). — Last week, 330z. for 132 hours and lOjOOOjiK
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Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22493, 10 August 1936, Page 5
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240MINING NEWS New Zealand Herald, Volume LXXIII, Issue 22493, 10 August 1936, Page 5
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