MINING NEWS
SEOOND LOLOMA DIVIOENQ PAYMENf OF If- A SHARE The directors of Loloma (Fiji) Gold Mines, N.L., have declared a dividend of Is a share, according to advice re* ceived bv the Auckland Stock ' Ex« change. Payment will ~be made ••>!< August 31. ' V' '' M ~ This is the second dividend to be paid out by the which} operates at Tavua, Fiji, a previous payment of Is a share having boen'mad# in May. The distribution will'i-eqtiita ±141,250. , The ,„company was formed early in 1935, and production .com* menced in September last year. After! the first payment it was expected thatj the company would pay quarterly divi-* dends of Ist a share. '.>■■■■ YIELDS OF COMPANIES Argo (West Coast). —580z.' -fron| 1500 yds in 131 hours. Gillespie's Beach (Southland),—-58oz« from 12,022vds in Goldfields dredging (Central Otagoj« —2Boz. 15'dwt. ; in 155 hours. . > Mataki Junction (Murchison). —30oz, from 18,000 yds in 127 hours. n Mossy Creek (West Coast). 25oZh 9dv.*t. from 8800 yds in 136 hours ~ m "-_ Mount Morgan (Queensland).— Period ended July 27: Ore mined, 01,301 tons;! ore treated, sulphide, 32,600 tons, oxidised, 28,050 tons; estimated production, gold. 46030z.: copper, j 15*:, tons. % ■
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Bibliographic details
New Zealand Herald, Volume LXXV, Issue 23104, 1 August 1938, Page 7
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189MINING NEWS New Zealand Herald, Volume LXXV, Issue 23104, 1 August 1938, Page 7
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