The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-11
FULL TEXT UTAH
COPPER REPORT
Detailed Statement Is Received
in Utah Tuesday by the
Stockholders.
GREAT AMOUNT OF
ORE is BEING MOVED
Stripping Five Times Greater
Than Ability of Mill to
Treat 1t.

The full text Of tho second quarter
" report to the stockholders Of the
Utah Copper company reached Salt
Lake from New York on Tuesday. This
report is full of data that the report
received by wire from New York on
Monday lacked. and the report is there
fore here reproduced in its entirety:
In accordance with the established cus-
tom OF the company, we submit herewith
4 statement OF operations for the third
quarter OF the year 1905. comprising the
months Of July. August and September.
Ten sections Of the plent have been
running continuously for the period, and
eleven sections for the months OF August
and September-the eleventh section hav-
ing been started on August /. The twelfth
section will probably be started early in
November. thus putting the entire Gar
ncld plant into commission, bur II is
doubtful ii the plant will be supplied with
Iull tonnage before january !.
For the quarter under discussion. the
gross production Of copper amounted 70
l2,o00925 pounds. an Increase OF slightly
less than $4,000 pounds, as compared
win the previous quarter. The average
cost per pound being S.73 cents on the net
copper resulting after deduction OF smelt.
Ell allowances. this showing an Increased
cost Of S0,0o97 per pound. as compared TO
the previous quarter. The above stated
cost per lOuDQ lQCluuGS ullillQS, NllIlnEs
managerial, general expenses Of all kinds,
transportation smelling and all selling
costs. The increase in cost per pound
is due TO the treatment, during the
containing a very large percentage OF Its
copper contents in the form OF oHidked
minerals on which, only Indifferent re-
coveries are made In the concentration.
The net proht from mining and
mill amounted to ........: 1865 43
Additional income fron, rents
and other minor Items
amounted TO ...e.,-......... a,I3o II
Total amount for quarter. .sSol. .s91. 90
These earnings are based on l3-cent
gust, and lSi-cent copper for the month
OF September. These figures are lower
than the actual price received for cop
per sold durings the quarter. at the
no finished copper on hand unsold.
The tonnage treated for the last quar-
ter was In excess OF that covered By the
previous report, but the copper contents
son OF treating some low-grade, though
profitable, material coming from stripping
shovel operations to mlne and handle this
oXidlzed material, II is treated with the
other ores aud fair profit results The
per-ton costs Of operation for the quar-
pared TO those applying for the previous
quarter.
Stripping operations continued through
out the quarter at the rate OF approXi-
mately $1,000 yards of capplng per month.
equivalent 10 the stripping OF about 0.8
OF an acre per month, or "a acres for
the period OF three months. AS the strip
ping of each acre results in the uncov-
ering OF about 100000 tons OF normal
grade ore, 1t will be seen that our strip
ping operations ore resulting In uncov-
ering our ore bodies for steam shovel
mining at rate OF about five tines as
great as that which inc ORES are being
used In the reduction works. During
the quarter. the underground ore sent
10 the mills amounted to 81 per cent, and
the steam shovel ore to sS per cent Of the
total.
We have been considerably delayed IN
reaching the ultimate tonnage for which
the reduction works are designed VIZ,
about 1000 tons per day. mainly by rea-
son OF transportation difficulties In NOV
Ing ore promptly TO the reduction plants.
Existing defects in transportation ar
rangements Will be permanently corrected
through steps now being taken BY the
directors TO that end. Respectfully SUBJ
mItted,
c. NJ. MacNEILL,
President
SPENCER PENROSE,
D. G. JACKLING.
F,yacutiVa CornnittPa