Incentive Pay System At The Homestake Mining Company

Society for Mining, Metallurgy & Exploration
Joel K. Waterland
Organization:
Society for Mining, Metallurgy & Exploration
Pages:
12
File Size:
2135 KB
Publication Date:
Jan 1, 1960

Abstract

The Homestake Mining Company at Lead, South Dakota is one of the few remaining gold properties still in operation, in this country. The mine is relatively deep, with a bottom production level of 4250 feet, and a bottom development of 6200 feet. 4, 800 tons of ore are produced daily from three rather large, but inconsistent ore bodies; the dip of which is easterly at about 72 degrees, and the plunge to the south is about 30 degrees. The ore is, for the most part, a chlorite schist with large veins of secondary quartz and cummingtonite schist The ore is not continuous in any direction, but is localized at the ridges of the very intricate system of anti clinal folds. This property has been in active production since its establishment in 1876, except for a period during World War II. The incentive, or contract pay system, has been a gradual process that has been developed by the trial-and-error method down through the years. In looking over the old records, hand-shoveling was paid on an incentive basis as far back as 1916. Since this time, the contract system has grown until it now includes almost all types of underground work - except haulage and maintenance work
Citation

APA: Joel K. Waterland  (1960)  Incentive Pay System At The Homestake Mining Company

MLA: Joel K. Waterland Incentive Pay System At The Homestake Mining Company. Society for Mining, Metallurgy & Exploration, 1960.

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