The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-11-08
It Has Paid Over Half a Million
Pounds Sterling in Divi-
dends.
Synopsis Of the Company's Opera
tons From January to June,
This Year.
Mr., Robinson Rciterates What HI Has
said About Deep Mining-Report
From The De Lamar.

The report of the Montana company
Qimited) for the half year ending June 80.
1891, 10 a very interesting document. From
January 1891, to the time of the report ter
dividends were paid, each Of es, $50. uptt
date the amount paid in dividends is 1851
O57. The highest per cent was in 1887, when
it reachdd thirty, md the lowest has beer
five per cent.
During the six months ending une 50
the mills crushed IS, 70S tons, producing a
yield in bullion bars and concentrates on
assays of $445, 764. IS, equivalent to S11.52
por ton, but the actual realized value of the
bullion and concentrates amounted to only
$4O2. $780, "a, giving an average per ton of
$1O.41 net yield. The average coat of pros
for the six months was $500 against $3.50
for the previous six months.
Geo. n. Robinson in his report to the
directors, after giving a detailed report of
the expenditures SAYS: "Ihs sum Of 81. 516
was expended on failing dams. This sx-
psnditure was absolutely necessary to avoid
damaging the agricultural land below.
With the exception OF the item of $1S7 OK
pended on the machine shop, the balance of
the expenditure, amounting to $25,SS9, was
for mine plant. The new compressor
engine was not only a necessity, the old
ono being entirely inadequate TO the con-
stantly increasing demands, but will repay
its cost in fuel saved.
Owing to the arrears of work forced
upon me by my illness last April, I have
found it impossible to make such a close
revision and estimate OF the reserves to
Both June, as I desired, but the total tom
mage available for extraction to that date
may be safely taken at not less than $780,
600 tons, with a probable addition Of TO-
coo tons upon q close estimate.
This shaft (No. y is being sunk as rap
idly as possible. md is now down nearly to
the 1,6OO-foot level, where a cross-out will
be driven to tho lode. While it is not
given to me to foretell what we have in
front of US, I feel confident We shall ulti-
ma.ely recover a valuable lode in depth,
and hope that the 1,600 will disclose a grade
of ore suitable for the milla
SIT is unnecessary for me to reiterate at
This time the opinions so often expressed as
to the probable result of deep mining in
Drum Lummon hill. and in the face of the
fact that up to the present our efforts have
not resulted in valuable discoveries, my
opinion is unchanged. Before We can rea-
sonably expect to encounter a favorable
lode, We must pass to the bottom of tho
horse hat has interfered with the deposi-
ton of ore. At what depth this will be,
actual development only will show.
1.-The output for the past two or three
months has been the lowest for several
years. This need not, however, cause any
fear in your minds that the old mine il near
the point of collapse. 10 be sure, the ore
is low grade; but it can be made to pay all
charges. n something besides. I expect
to be able to improve the runs from this
time; and while tho increase over present
output may not be very startling, I hope to
make q substantial addition"