Richer Ground For New
p. 102 · Read in the full issue
Guinea Dredges
IN the 9 months ended February 29 last, Bulolo Gold Dredging, Ltd., of New Guinea treated just over 8 million yards of material and got gold worth 1,970,000 US dollars. In the same period of the previous year, it dredged 9\ million yards, for gold worth 1,789,000 dollars. In other words, the value of the ground treated has increased by 33 per cent.
The Bulolo ground is worth 24i cents per yard. Placer operates three other dredging concerns, in other countries; but only one (Pato), with over 35 cents per yard, beats the Bulolo production.