TONNAGE INCREASE

Dominion, Volume 28, Issue 92, 12 January 1935, Page 8

TONNAGE INCREASE

Waihi Company’s Year

Dominion Special Service.

Auckland, January 11

The Waihi Gold Mining Co., Ltd., completed its forty-sixth year of production last year, when there was an increase in tonnage of ore treated, bat a lower return of bullion. The final return for the period ended December 31 was as follows: 18,128 tons of ore crushed for 4999 fine ounces of gold and 29,456 fine ounces of silver, the figures including 1614 tons mined from the Grand Junction area, which yielded 423 fine ounces of gold and 1117 fine ounces of .silver.

During the year the company’s mill treated 229,351 dry short tons of ore compared with 224.089 tons in the previous year. Included in the total tonnage was 21,916 tons of Waihi Grand Junction ore, against 27,780 tons in the previous year, the Waihi Company’s area supplying 207.435 tors, against 596,909 tons. The output of bullion for the ycur was G3,3350z. of gold and 359,6290 z. of silver, compared with C9,1850z. of gold and 413.9830 z. of silver in 1933. Of the total Grand Junction ore yielded 58870 z. of gold and IG.GLSoz. of silver, against 99440 z. of gold and 52,2410 z. of silver. The value of the year’s total production at 84/- per oz. and 2/- per oz. respectively was £301,970, against £331.976 on the same basis in 1933.