Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-09-24
Company Made Net Earnings
During the Year Amounting
To Sl12,787.15.
PAID 100000 IN DIVIDENDS.
Has Surpulas on Hand of Over
?5,OO0-What Costs Of Treat
mcnt Were.

The annual report Of the sharehold,
srs Of the Consolidated Mercur Cole
Mines company was released late Sat.
urday afternoon and covers The opera
tons Of that company during the yeal
ending June 30. last
According 10 the financial statement
the net earnings amounted e. a total
OF sll2.7S7.i5 out Of which was paid
100000 in quarterly dividends and
ssl04.3i was expended IN construc-
iion; leaying nearly 5000 to be added
10 the surplus which amounted to
$4,000 az the close of the year, The
gross value OF the ore treated was
81. rs per ton and the operating costs
we're t2.4S per ton exclusive OF con-
stmction items. a comparison with
the previous years record shows that
costs have been reduced about l4cents
per ton.
During the year a total OF 302. SOC
tons Of ore was mined and treated.
making an average OF $50 tons a DAY
OF this. i26J3S tons, or ~ per cent
was base. or sulphlde ore. while 1925
tons wds oNi,zed ore. 4 table shows
the values IN taillngs by months. In
two different months these were held
down to 80. &c for the year,
In our experimental plant says
Manager Geo. n. Dern In his state
ment I'VE have employed the we'll
known decantation process, In which
the collaborating solution Is recovered
from the ore by repeated dlutions set
things and destinations. We succeeded
In getting quite satisfactory extrac-
ton by this means but We have found
that the pulp does not settle 50 well as
was expected. IN consequence Of which
the final talllngs carry such a large
percentage OF moisture that a prohibi-
tive waste Of water is entailed. There
is not water enough IN Mercur to treat
our tonnage by the decantation meth
cd We are Therefore obliged 10 seek
out a satisfactory filtering process, and
We have strong hopes OF finding q de-
VICE that viii do the work cheapiy
During the year just closed nearly
s290,000 went over the dump In the tail
lngs. OF this amount, probably $780,
600 was soluble gold. most OF which
could be recovered with improved
methods. The problem OF doing this
greatly increasing the ex-
penses Is what We are working on.
and II certainly warrants thorough IN
yesiigation
THE first tests were in the labora-
Tory. Then o plant capable 4 hand
Ing few hundred pounds OF ore was
srected. and long series Of very |
borough experiments were carried on |
herein. The results were uniformly |
Encouraging. but before embarking /
pom any new. radical change OF proc
ess or methods II seemed desirable 10
Experiment. on a larger scale re-
eiyed authority from the board OF d.
nct0rs. who were fully informed Of
he results already obtained 10 oXpend
p 10 $4,000 IN the construction OF an
Sperimental plant OF sufficient size
demonstrate what sort OF results
'uld be expected on a practical scaie.
nch a plant was erected 70 Il cost OF
$3.50. as Is shown under ccnstfuc-
on items on the financial stat -inent
Although our experiments have not
zen completed and the time has not
4 come 10 make recommendations as
new methods. yet | may state that
E have proven conclusiscly that IL
Ight to be possible 10 get taiHngs
'erage between soc and 60c, instead
95c as they averaged for the past
ar"
on the whole. the report Is consld-
ed q satisfactory one and received
vorable comment during the day