50 YEARS AGO March, 1938 BUFFALO ANKERITE REPORTS PROGRESS

Continuing the remarkable forward trend which has been in progress for several years, Buffalo Ankerite Gold Mines, in 1937, marked up increases of 120 per cent in net profits after all charges. The company also enjoyed increases of 122 per cent in net working capital, 26 per cent in the tonnage of ore milled, 50 per cent in gross production, 18 per cent in the value of positive ore reserves and 262 per cent in dividends paid. At the same time, mine working costs per ounce of gold produced were reduced by 18.3 per cent. Reprinted from The Northern Miner, March, 1938.