GOLD MINES OF KALGOORLIE
Gold Mines of Kalgoorlie is a progressive Australian mining company which last year raised its total distribution from 5 per cent. to per cent., so that it caused no surprise that Mr. P. E. Marmion was able to give a favourable account of progress at Tuesday's meeting. He gave details of the com- pany's ore discoveries, which are largely of high grade, though in irregularly-shaped masses which are difficult to find, and he disclosed that the company has taken options on a number of additional leases adjoining the Croesus Proprietary group now being worked by North Kalgoorlie (1912). In general, Mr. Marmion's conclusion was that developments had been fully up to the board's expectations in quantity and quality of ore revealed. Increased throughput, reduced operating costs and improved metallurgical efficiency had all contributed to the material advance in profits and the rate of dividend.
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