THE MT LYELL MINE.

Colonist, Volume LIV, Issue 13419, 17 May 1912, Page 5

THE MT LYELL MINE.

HALF-YEA ELY REPORT

Meibouraa, May M

The haH'-yoarly report of tho Mt 1.y.^1 -.nine status that there were treated (3.'], 651 tons of ore, which producod 1". ,0 tons of blister ooppc-r, containing 1482 tons of copper, ] [*2 Ao<i ounces of silv-w." and 1858 :r:n:\'" of gr.lrj. The strike during tiio ;;■■■.'.. ';.•. d months iva-s responsible for the ;■■■:■ rr-:\ H^ure*. Tho output was :•!.';'! :if"--:.:..•. •■'! by tho scarcity of labour siijev' -,v,.;rk wtt., i-emirned. To operatic; is rvv.:'!;;.v* in :<. r.ot. profit of £20,52-). 'ill-;1 oo^i ;;-f thv> fviriko . was' shown at £7817. T-'.-o directors decided to utilise ti)f; water right;'; he'd by tho ce:;ip:iny at Lake Margaret, ;.<>vt>n miles distant from tho works, for tho production <;!' electricity for supplying all tho current, required, :>jnd to provide funds for tho scheme by the sale- of 100,000 shares unissued] in fciio capital of tho company. Tho .tio'.v shares will bo offered lit 25s tn registered shareholders on May 27th, in tho proportion of one to : twelve hold. I

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