MINING NEWS
NOKOMAI OPERATIONS DRY SEASON RESULTS IN LOSS [by telegraph-—OWN correspondent] DUNEDIN, Friday "Owing, to the abnormally dry season ft certain amount of working time was lost, hut., given normal seasons, the directors look forward with confidence to the future," states the sixth annual report, of the Nokomai Gold Mining Company, Limited, for the year ended March sl. The not operating loss for the year was £2545, against £628 in the previous year. Gold won amounted to 11360z., valued at £7969, compared with 2031 07.., worth £7218, in the previous year. The directors' report states that hydraulic elevating and gravel pumping was commenced on June 1, 19.57, and. with the exception of temporary stops for adjustments, has continued up to the present. The two 12in. gravel pumps installed during the year have fully come up" to the directors' expectations and ■ are, proving eminently satisfactory.
YIELDS OF COMPANIES Nemona '(West Coast).-84oz. from 13,800 yds iji 118 hours..
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19380618.2.23
Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23067, 18 June 1938, Page 11
Word Count
157MINING NEWS New Zealand Herald, Volume LXXV, Issue 23067, 18 June 1938, Page 11
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in