Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1881-01-09
THE RICHMOND.
The English Stockholders Well
Pleased with the Management.


The English stockholders Well
Pleased with the Management.
At q ~semi-annual meeting Of the stock
holders Of the Richmond Mining Com
pany, held in London, Eng, on the 10th
Of last month, the Secretary read an elab-
crate and highly appreciated report of the
doings OF that company under the present
management, during the six months end
ing at that date. Here is what he says OF
the furnaces, their output, etc.:
We have, as you are aware, three large
furnaces and one smaller me-. The small
furnace is kept to smelt the Dresses from
the refinery with the low-grade ore from
the Richmond Mine, and a small amount
of purchased ore, and from this furnace, !
am happy to say, we made a very consider
able profit. OF the other three furnaces
we endeavor to keep two in constant blast,
and one idle as q reserve force, and with
what success this has been done the report
will show you, and l think it reflects the
very greatest credit on Mr.. Probert, upon
his capability to manage q large undertake
ing OF this sort, and also very great credit
Oh OIL tuC DCibOHo VIM dlO WIZ hAh6 ahao
his instructions at Eureka. The Board Of
Directors do not wish, and they will not
apply to themselves, any credit for what is
fairly due to those who have the manage
ment Of the property there. To them the
credit is due, and they are entitled to it.
You will see that throughout the whole OF
the six months dealt with in the present
report the furnaces have been working ex-
tremely steadily in fact, with very little
variation. The quantity Of ore smelted in
any one week has never fallen below 300
tons, and has never been higher than 1900
tons that is to say, we have done what we
always aimed to do-to smelt about 1000
tons per week, the general result of the
half year being that during the 26 weeks
we rave smelted 20, 900 and odd tons. The
output from these two furnaces, including
the small furnace l spoke of as smelling
for the refinery, is, as you will see from
the report, a total Of 1892 tons Of lead
that is, during the six months-687. 914
ozs. of silver, and last, but not least, &c.
COS ozs. of gold. Gentlemen. that is some
thing over one Tor of gold produced from
this mine in six months. II you compare
the produce Of these six months with the
corresponding six months of last year you
will find a marked improvement in every
way iOf ldst year. turing tuc C~oTTcSpOuu-
ing period, we smelted 24,908 ons of ore,
as against SO, 744 tons during the present
six months, or an increase of 8836 tons.
You will find the net result is that we have
obtained 2148 tons more of lead, 1873, 626
ozs. more of silver, and ~, LOG ozs. more
of gold, the total of the gold in the last
six months being IA, 1000 ozs. odd, and at
this time &c, 900 ozs. odd, or an increase of
nearly 80 per cent.
The refinery has outlived all the objec-
tions made to it, and has proved itself to
he a most valuable adjunct to us in all our
operations. Hear, hear). Had we
listened to the advice rendered some years
ago, and shut down the refinery, we should
have been guilty Of a most suicidal act in
our own interests. The working is very
steady indeed, averaging about $50, 900 per
week; in no week has it run below $40 900,
and the highest week, in June last, was
$57, 900. The fact is that in both the fur
naces and the refinery we have had no
hitch of any sort. we have had no calam-
ity or disaster, but we have just gone on
working steadily and we'll from week to
week, smelling about our 1000 tons Of ore,
and as that ore has been smelted it has
been refined and separated by the refinery.