The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-08-07
UTAH COPPER
REPORT ISSUED
Last Quarters Operations Dis
close a Net Profit of
Nearly $483, 900.


The second quarterly report Of the
Utah Copper company for this year has
just been issued and it deals at con-
siderable length with the operation OF
the mines and mills OF the corporation.
The document reads as follows
ITO the Stockholders Of the Utah Cop
per Company;
I'VE submit the following statement
of results applying 20 the operations of
your company for the months Of April,
May and June, comprising tn second
quarter Of the current calendar ear.
During the entire period both the
Garfield and COpperton plants were
operated at practically their fuil ca
pacity, but the earnings predicted in
our report covering the first quarter
were not realized on account OF the cop
per contents OF the ore having been
considerably lower for the first two
months of the period than it was an
ticipated II would be when the report
covering the first quarter was made.
The deficiency in the grade OF the GRE,
as compared with the previous quarter.
amounted to approximately four pounds
Of copper per ton of ore, but as the re-
suit Of our having milled a greater ton
mage than in the previous quarter. the
gross output of copper for the quarter
was considerably greater than that of
the previous quarter
Mills Doing Better Work.
THE ore treated during the latter part
of the second quarter was of an i'm
proved quality and the recovery at the
mills cOrrespondingly better, as COM
pared with the previous quarter, on &C
count OF a decreased proportion of cop
per existing in oXdized form. The
lower headings resulted from the ne
Cessity Of moving 2 comparatively
large block of low grade ore that was
encountered in the extension of our
lowest steam shovel level. This par
ticular block OF ground had not been
thoroughly developed by underground
workings, and when we came to remove
il We found a great quantity OF ore Of a
grade lower than we had reason 20 ex-
pect from the information gained from
developments in other and Immediately
surrounding territory. Towards the
end of the quarter the grade increased
somewhat. but the average Of the en-
tire quarter was, as above stated. about
four pounds per ton Of ore lower than
that for the previous quarter
Output Of Copper.
THE gross output of copper con-
tanned in concentrates produced and
shipped during the quarter was 13,T74,-
AZ pounds, being greater than that OF
the previous quarter by slightly less
than l6650Oo pounds.
The net prOht from mining
and milling operations for
the quarter amounted to-.-.-SAIS, 425.12
Additional income from rents
and other incidental items
amounted Ia 222 n
Total net profit for the
quarter .......- .-.-...- .-.- S4S3. "a .bg
THE average price of copper upon
which the above earnings were based
was 12.S5c per pound, as compared with
1880. the price applying TO copper for
the previous quarter
AT the end of the second quarter
copper sales had .heen made covering
all copper metal due for delivery up to
the early part of September. Notwith-
standing the lower grade of ores han
died during the quarter, the cost per
pound was slightly less than that APP
plying to the quarter previous, being
for the quarter under discussion 9,192C
per pound Tor the net copper produced
after deduction of smelter allowances.
Costs of Mining and Milling.
considering the results at the Gar
field plant by themselves, the cost per
pound Of the copper produced was
lower. being for the quarter S.9Sc. For
the month of June the cost at the Gar
field plant alone was I9lc per pound.
Tie costs at the CoppertOn plant are
uniformly higher than those at the
Garfield plant on account Of its smaller
capacity. Late i'm the month of June
some alterations were undertaken at
~ -#HH H.-
which will bring this plant to a condi-
ton more nearly similar To that of the
Garfield plant as respects its efficiency.
'"The per ton cost at both mine and
mill has been steadily decreased. to
the end that the milling cost at Garfield
for the month Of June, including its
proper proportion Of all general and
fixer charges. was 54.25c per ton. The
direct mining cost. including only the
expenses at the time and applying to all
ore mined during the month of June,
was slightly in excess of 19c per ton,
this average including both under
ground and steam shovel ore. The in
direct expense, including development
and the proper charge made against
each ton of steam shovel ore for the re-
tiremeut of prepaid stripping fund,
amounted to slightly over S cents per
ton, bringing the total charges for min
ing up 10 nearly - cents per ton, so
that. considering the operation of the
Garfield plant alone. the total cost of
mining and milling was less than s.
cents per ton, this figure not including,
of course. the transportation of ores.
The average total cost of mining and
milling at both plants for June was
less than sc cents.
The relative percentages of steam
shovel. and underground ore for the
quarter under discussion were S3.3 per
cent of the former and 16.7 per cent of
the latter.
Stripping Work-Mine Conditions.
The average monthly movement of
for the quarter was 13l140
cubic yards; the quantity moved dur
ing the months of June was 1880 cue
bic yards The average cost Of strip /
ping for the quarter was 1924 cents per
cubic yard. for the month of June only I
the cost was 32.47 cents. These figures I
may be compared with the average cost /
for the first quarter of this year, which I
was 1918 cents per cubic yard, on an I
average rate of movement of 5000 Gu .