A SPLENDID MINE.
(Per Press Association.) Auckland, last night. During tho period ended December Slßt last, the Waihi Goldmining Company crushod and treated 14,497 tons of oro for returns of bullion valued at £31,741, as agoiost £30,701 from 11,258 tons for the corresponding period of the previous year. Tho present return completes tho company’s output for 1904, which shows a record total of £663,997, an increaeo over tho total for tho preceding year of £13,516. Out of last year’s total there was disbursed to shareholders during the period no less than £300,000, of which £250,000 was paid iu dividends and £50,000 in the shape of a bonus of 2s per shore. Shareholders havo therefore now received a total of £1,552,896 in dividends, interest payments, and bonus out of a gross yield to date from tho mine of £3,817,383. Each year, without exception, the mine has yielded a greater amount of gold, and with the enormous ore reserves opened up and largo reef systems now being disclosed at the lowest level (No. 7), there is every prospect of the future annual outputs maintaining this increase.
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Bibliographic details
Gisborne Times, Volume XVII, Issue 1358, 19 January 1905, Page 1
Word Count
184A SPLENDID MINE. Gisborne Times, Volume XVII, Issue 1358, 19 January 1905, Page 1
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