MOUNT MORGAN MINE.
REPORT FOR HALF YEAR JUST ENDED. GOOD PROFIT'S SHOWN. (Received 9, 9.35 a.m.) Sydney, January 9. The half-yearly report of the Mount Morgan Company states that the total revenue was £-1512,336, and the expenditure £381,730. During the halt year 179,177 tons of ore, including ->3,131 tons of basic of ore from Many Peaks, was treated, _ producing 3698'tons of copper, 63,197 ounces of gold. The report proposes a dividend of a shilling per share, £24,000 for depreciation* and £2183 carried forward. The previous report stated tliat when the ore from Many Peaks was available there would ho a larger production of blister copper and the .cost of treatment would lie substanially reduced. These anticipations were now realised. One difficulty was insufficient power plant, which disability is being removed.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/STEP19120109.2.42
Bibliographic details
Ngā taipitopito pukapuka
Stratford Evening Post, Volume XXXII, Issue 22, 9 January 1912, Page 5
Word count
Tapeke kupu
130MOUNT MORGAN MINE. Stratford Evening Post, Volume XXXII, Issue 22, 9 January 1912, Page 5
Using this item
Te whakamahi i tēnei tūemi
Copyright undetermined – untraced rights owner. For advice on reproduction of material from this newspaper, please refer to the Copyright guide.
Log in