 In that year of ore were raised and treated but by October 1903, work was suspended pending financial reconstruction of the company known as Coolgarra Tin Mines Amalgamated.At this stage also, mines were beginning to produce a lower grade ore, which created an overall slow-down.In 1904 the Mining Warden noted that a period of depression had recently occurred, but felt that a brighter future could be expected for Coolgarra.