The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-30
MONTANA ANNUAL
REPORT ISSUED
TOnopah Company Added to
Cash Surplus During Year
Just Closed.
MUCH NEW EFFORT
CENTERED AT DEPTH
Greater Efficiency Is Shown in
the Mill Operations Dur
ing Season.

Tho annual report OF tho Montana
Ionopah Mining company for the year
ending, August 81 shows that the COM
pany raised 50.gij tons OF ore from the
mine during that period oE an average
value Of Sl5.22 per ton. The total re-
ceipts for that period amounted TO $780,
40o. The total expenditures came up TO
H0lo,bS9. giving a total profit for the
year of $l3i.1l5. The profits for the
year ending 1909 wero Sl2I963. so that
the past year shows a gain In earnings
amounting 10 $1,000 over 1909.
During the past year the total devc-
opment work accomplished was in cX-
cess OF 10000 feet, as compared to S0l5
feet accomplished during the year he
iore. Tho company's annual statement,
whlch Is one of the most interesting from
thc standpoint OF detail ever put to-
eether by TonoDah company. states
that IN addition to the ore which was
holsted 20 the surface, waste amounting
to $4,000 tons was hoisted and thrown
on the dumps. The average amount
holsted per day cqualcd l9l tons.
The total cost OF mining and handling
the ore, including its hoisting. amounted
70 s3:ll per ton, reduction of &c per
ION irom The costs made along these
Hnes Tor the year before. The total
cost Tor new work amounted TO 81 81 per
ton OF ore handled
Labor. including sorting and shoveiug,
amounted 10 $1,000 For hoistiug and
dumping $1,000. tramming. 1000;
iimbering. S9SI9 The cost Of dcveIop
ment for The year In new ground amount
cd 10 IS O00
The company's bank account up To
august II. 1910 amounted to slTiIO2 !
supplies on hand were valued al S32g2l
Inc expenses OF running the mill during
u1c year cSmo up TO $lSI 600
nc MN was operated on "A total of /
526 days. during which an average OF |
~ stamps were dropping continuously |
nc average value of the mill taigings |
was $1.I3.
The gross extraction in the mill was !
a"'S per cent. as compared with barely |
w per cent during the preceding wear
BIS great improvement is due entirely |
% greater efficiency in the whole plant, |
otner conditions being unchanged
shipments OF concentrates and bullion
luvlng The year contained approximately
'eJ' ounces or gold and 955I7g ounces
% SILVER This bullion cost 53.ic per
ounce to produce and realized an aver
age price OF &C per ounce
ihc total cost OF milling exclusive OF
,iE charge FOR depreciation, amounted TO
to'.o-i equal TO S3.Ij per ton OF ore
.rea'cd' THIS is slight reduction over
he expense for the previous year. but II /
= hlShcr than IL should he. Extensive
necessary repairs 10 the Buffers filter
ana consequent small tonnage treated
lurlnE the months of November Dccen-
DeT and January while repairs were be-
nE made, account FOR the high mIlIin.
'ost. Since February | The milling col
,ho"s steady reduction. the average
or the SIN months. February to Iulv in
ius!Nr. DcinS $".@i. decrease of 36c pcr
on. Inc credit for this increase in eff
lnlcN; ana consequent reduction i'm tho
os' ol nllhng. is mainly due TO the cf-
uarse ol TIC department since January