MINING.
A net profit of £253,444 was made by the Great Boulder Proprietary last year upon treating 132,265 tons of ore for 150,0300z of gold, worth £523,000. The average grado of the material handled was 13.7dwt .gold per ton, while the mining and treatment costs were 28s 8d per long ton. as against 27s lOd per ton during 1916. The company provided £23,000 for Australian taxes, transferred £30,000 to reserve, and distributed £262,500 during 1917 at the rate of 3s per share. The sum carried forward was £2800, as compared with £5400 brought forward. On December 31 last the ore reserve blocked out totalled 387,000 tons, estimated to contain gold worth £1,175,000. Development work during the year added to the reserve 139,000 tons, valued at £337,000. The general manager anticipates treating a larger toimage during 1918, but while he thinks the value per ton should not materially alter, he expects workin" costs to be higher. Operations were han° pored owing to the scarcity of labour.
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Bibliographic details
Otago Daily Times, Issue 17426, 21 September 1918, Page 10
Word Count
165MINING. Otago Daily Times, Issue 17426, 21 September 1918, Page 10
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