Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1879-04-24
BONANZA PRODUCT.
fetal Yield - Dsss-whas % hiss
Cess 90 Opsssss sse nisss asd
what the sseekhelders have
RSeoivod.

After publishing the yield Of the
Bonanza mines for the hrst quarter Of
1879. which before appearedin these col
umns. with the proportions Of gold and
silver. the San Francisco B.dRtin Of
Tuesday continues: The California
aid no dividends during the quarter.
but the Consolidated Virginia paid one
OF $4,000. and carried over q surplus
OF $780, 900 at the close OF the last fiscal
month. 1t is expected that both mines
will pay q dividend in May for account
of April. From January l. 1873. when
the Consolidated Virginia mine began
to produce. up to January !. 1873. the
gross bullion yield was $50. S59.40 to
which We must now add $S7i. 200 for
the past quarter.
CONSOLIDATED v%rRoIsrA's ourPur.
This makes the total yield from the
commencement to the close Of the Last
fiscal month s6l. 733, 400. Of which SAL.
$40, 900 have been returned In dividends
to stockholders. Il Is now Just three
years since the California mine began
crushing ore on It's own account, though
a value OF si53.000 in ore was sold .
year previously. OF in 1876. The gross
bullion receipts ffom that mine to Jsnu-
airy. 1879. were s43. $50. 900. Adding
the product Of the past quarter. We have
a total Of Sit. 7S3. 200 to the close Of the
last fiscal month. Of which $50. 240. 900
has been returned in dividends to stock
holders.
OUTPUT or Dot MINES:
The product Of both mines exclusive
Of amounts received on April account)
and the dividends paid to date are as
follows:
Bullion. Dividends.
California ...... 81, 733. 200 $30,2i0.0 900
Con. Virginia. e. 6l.7S3.tO0 &i.3i0,Oo0
Totals. =. ...... si06. 5l6.6o ST. $50 900
Had the bullion produced been all gold.
the result would show o clean profit Of
nearly 10 per cent, but over halt OF the
gross yield was In silver. on which the
discount has varied from 8 to 10 per
cent. aud is nov about 10 per cent.
DISCOUNT ON srLvKR.
Up to January 1879. the amount paid
out for discount on silver BY these two
mine. was 80. no. 600. We have no Of
aeial figures for the past quarter. but.
averaging the silver produced ct 10 per
cent. discount. We have Si56. 800. Ad-
ding this to the previous total. We have
&C. 96. 800 v the loss made in convert.
ing the silver into gold. But for this
circumstances stockholders would have
received 80, 0O0, 900 moro In dividends.
This fact should be borne in mind by
those who have been ready to 6nd fault
with the management OF these mines.
Whatever their faults. the Trustees are
not responsible for the discount on sil.
yer. and that has been u largo item In
the expense account.
ruE Loss IT OCCASIONS.
But for this loss. stockholders would
have received IS per cent. OF the prod
uct in dividends, leaving "a per cent.
to cover all expenses Of extracting the
ore. milling. asssying. freighting and
general office disbursements at San
Francisco and at the mines. On that
basis, all ore crushed that showed
an average Of 800 per ton would turn
so per ton into the pockets Of
stockholders. When the mill value OF
the ore fell to $50 per ton. the stock.
holders would get $50 90 per ton out Of
ii. and when It fell to $40 per ton there
would still be SIS % per ton to divide
among them. But the heavy discount
ON silver absorbs all the profit the
moment the mill value Of the ore falls
below a certain figure. Whore there 10
no gold with the silver. 500 ore will
not pay a profit in some localities at
present.