MINING.
I ■MOUNT MORGAN MINE. > UALF-YEAItLY 1 ij' Cable—Press Association—Copyri^lit; Brisbane, January 7. The half-yearly report of the .Mount Morgan mine shows n surplus of £172,M 3, to which are added the undivided irolits amounting to £40,591. Tin: divilend of a shilling a share paid in 0.-tobcr uul on flic -2nd iiist. absorbed .CltW.ooo,md the balance of £titi,S4o, after meet,ng all charges, is earned forward. Doing llie hall-year MN,!t24 tons id' ore ' ivere treated and yielded •133-1 lons of and r>l,!)S-2 ounces of gold. Developments during the year have made it possible, in the near future, for the :unmi(rator to treat 50 tons more ore. daily. Every effort is being made to JOinplele the new power plant in order to have it available to operate tlie old ■ smelter until tlie new one i-' running. In addition to 245,01)0 tons of high and medium grade ores, there are at least, another three million tons of lower grade suitable for concentration.
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Taranaki Daily News, Volume LVI, Issue 163, 9 January 1914, Page 5
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159MINING. Taranaki Daily News, Volume LVI, Issue 163, 9 January 1914, Page 5
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