MOUNT MORGAN MINE.
HALF-YEARLY REPORT. •". By Telegtttb-Vrua Association-Copyright Sydney, January 9. The half-yearly report of tho Mount Morgan mino states that the total revenue amounted to .£152,336, and the expenditure to .£381,732. During the halfyear 179,177 tons of ore, including 43,131 tons of busic ore from Many Peaks, wero treated, producing 3698 tons of copper and 63,197 ounces of gold. The company proposes to pay a dividend of Is. per 6hare, to place .£24,000 in the depreciation fund, and bring forward w£2lßß.
Tho previous report stated that when ore from Many Peaks was availablo thero would bo a larger production of blister copper, and - the cost of treatment would be substantially reduced. Theso anticipations, however, havo not been realised, ono difficulty being tho insufficient power plant, which disability is being removed.
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Dominion, Volume 5, Issue 1333, 10 January 1912, Page 5
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131MOUNT MORGAN MINE. Dominion, Volume 5, Issue 1333, 10 January 1912, Page 5
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