MINING
BLACK WATER MINES LTD. The return for December of the Blackwater mines is as follows: There were 2860 tons of stone crushed yielding 1313 fine ozs of gold valued at £5575, standard value. The working expenses were £4976. In addition the furnace treated 71 tons of concentrates for a return of 95 fine ozs of gold valued at £403 standard value, the working expenses being £l4O. The working profit was £2980 with gold at £5 15s per fine oz., the development expenditure £BIO and the capital expenditure £413. The profit over all is £1757, and the total value of gold produced is £8096 with gold at £5 15s per fine oz.
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Hokitika Guardian, 7 January 1933, Page 4
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112MINING Hokitika Guardian, 7 January 1933, Page 4
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