MINING NEWS
Martha Mine.—A reassessment of the working of the Martha Gold Mining Company (Waihi). Ltd., has been in progress since September 19 in the light of the increased price for gold, and preliminary figures indicated that operations should continue into 1951, states the mine superintendent’s latest report to the company Complete figures will be available by December, and will be embodied in the annual report. While the balance of this year’s operations may show merely a nominal profit, „ states the report, work now being carried on should enable the company to " get off to a flying start” in the early months of 1950.
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Bibliographic details
Otago Daily Times, Issue 27212, 15 October 1949, Page 3
Word Count
104MINING NEWS Otago Daily Times, Issue 27212, 15 October 1949, Page 3
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