The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-23
4 REPORT OF
| NERCUR OUT
A, statement Is Issued
Ep's'Prsgsrity of This
4 Itsh Nine
ksgATTyG COST I.,n,,nn
IS BIG FEATURE
| George Dsrn Hopes to
[,s Saving During
/ (sning Year.

!. expectations, the Con-
-, Gold Mines company
a ,hs stockholders OF the
,,uual report OF the man
:, escal year ending June
sszl,tlng this report TO the
pt,sldent John Dern sums
NJ Of the year as follows:
'S,l statement shows that
-. for the year were s1l2.- :
!, lhese earnings were paid
.,-ly dividends aggregating
uiN. a was expended for
s.ss. leaving nearly $4,000
= y, surplus. The manage
s,sItated 10 make such I'm
81 extensive repairs as
4, 10 Increased economy OF
4 ~ future. These various
~ seycrally alluded TO in
Y rpor,,
~ pride is taken in the
= for the past year. Ii may
q excellent work TO bring
4, down 10 $2.4S per ton.
N, ig per cent OF the ore
TIlh hlgh-priced fuel. Tho
r,rg calls attention to the
Ia Iacreased extraction. This
4 ,rlme Importance, and is
tlose attention OF your d.
Ia hoped that by continued
dednite plans may be
al steps can be takn dur
"a year 10 bring about i'm
Iriser George Dern In his
.tal the total tonnage ham
" year was 302, sos tons, n
a al SO tons. This tonnage
|S higher than that OF the
!, owing TO the mining of
1 ouantiiy OF the Magazine
~ low grade ore from in
|tnzlne tunnel and incline II.
L rlson for the Increase was
II % OF additional furnaces
\ T. base or sulphlde ore.
Ersl report shows SSi9,1S1.32
|.tti a. the Golden Gate mill
Iar Dividing this amount
Egr 4 Is found that the ex-
'Fistd $3.50 per ton OF ore
Mig the amount lost In the
J y snounI extracted, we find
|r.ssa value Of all the ore
"a he year was s3.76. This
, t.ris lower than last year.
>rase' is easily explained.
'!nr We treated about $4,000
E[.e vein material. This ore
|f,ly under $3.50, but 1t could
2'lJ mined mad milled. hence
IDLE 10 extract 1t, This
~ reduction In the general
'il the ore, but II Is evident
r tpn The main parts OF the
/, l'ser grade than last year.
~ costs for the year" con-
''si Dern's report, "Includ-
"a. we're si2s. 1886. or s1.41
p. milling costs were S322.-
y pr tou. Accordingly, the
-iE coats OF the company, In
ty.oses except construction
hl lss.2S, OF s2.4S per ton.
lurthor reduction OF 10
|E irom our low record of
~ mining is responsible for
es saylug, and the milling
10 Increased tonnage was,
= Principal factor 10 maxi
~-ilions possible.
= irnual report of last year
|e' Manning mill and tailings
.ss leased on a royalty basis.
siled TO make q success of
'ning and were forced TO
plfiag the period covered
N me company received roy-
..''hg TO Sl.Q90.l2 from this
), 1ne cessation OF leasing
aused some necessary alter
'',aiS 10 DO mado, and then
eiil up again on company
:-s I. J, running until the end
ms plant was In opera
N'ng which period an aver
~ J. oi ,allings per day were
@A Of 2s.SOO tons. Tho
i ~ .as Szl,IO5.s2, showing
8 ~. u 70 cents per ton. The
i. ..''lss E, we're slG,2Oo.o4, or Sc
81 :. :, Hence there was a net
~. ~, or ls cents per ton"
a A. men proceeds TO give the
y snorts made during the
4 greater saving. This
zen lull Of dimulties ow-
|: :,ucs.lory cy and changing char
), Consolidated Mercur ores,
~ prepared to give definite
''slrlng 10 continue his
y states that It seems TO
..sasiaslvely that tailincs
|, ,saed s averaging between 80
! a. 1s.''sad OF 95 cents. as they
"e past year. His inves,i-
81 y continued, snn for during the
'VVV went over the dunn