White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1911-01-08

dustry of the state, and o IL Is
demonstrating in a most convincing
way the vast wealth that Is contained
within its borders.
Nevada has developed the greatest
precious metal mines the world ever
knew, and ii is also developing cop
per of such immensely that
1t is freely predicted that she will
some day, in the not distant future,
be in a position to control the copper
markets of the world.
In the payment of dividends, Ne
vada's precious metals mines are
surprising all records in mining his
tory. One gold mine alone-the
Goldfeld Consolidated-has during
the past year disbursed as profits to
stockholders an amount nearly equal
to the total of AZ of the leading gold,
gold and silver, and gold, silver and
lead mines of the United States and
Alaska. The Consolidated alone has
paid out dividends during the last II
months of $7,11S,1 1876, and the total
of the dividends of the Az leading
companies referred TO is but s7,903,-
$50.
Tonopah, Nevada's greatest gold
and silver camp, is rapidly forging
ahead in production and as a diyi-
dend payer, and is paying splendid
profits to share holders in it's mines.
During the past year it has made a
gain of more than 80 per cent in its
output as compared with 1909. Its
gross production for 1910 is approx
mately $500. 600. and its dividends
paid during the years are SLAB
1863, with additional large dividends
declared.
Nearly all of the old camps of the
state have made advancement, the
younger camps having fairly jumped
ahead, and many new camps that
have recently been attracting atten-
ton give more than ordinary promise
for the future. Still other camps
will be discovered from year to year
in the immense mineral area of the
state that has as yet not been pros
pected, and will add to the ever-in-
creasing output of mineral wealth.
Where Nevada now leads all other
states in the production of gold, with
Goldfield at the head, with a produc-
ton Of $11, 3O1, 900 for 1910, and
the state Is going a close second in
silver and lead, it is not an idle pre-
dietion to say that it may some day
lead the world in copper. 1t is esti-
mated that the copper production of
the Ely district for the past year will
total about SO. 900, 900, as compared
to about $500, 900, in 1909. This
is %typically a low grade ~porphyry
district that is just getting into its
stride under the influence and back
ing of some of the greatest copper
kings in the world, and its present
performance is but a mild indication
of what may be expected of it in the
In dividends the past year
the Nevada Consolidated has paid
$780, 600 and the Cumberland-Ely,
$4,000, with other dividends of
equal magnitude declared for early
distribution.
The Yerington-Buckskin district in
Lyon and Douglas counties promises
great things in the production of cop
per, with a by-product of gold, when
its mines reach a complete stage of
development and railway and smelter
facilities. which are now in process
of construction. There are other
immense tracts of copper bearing ter
ritory between Yerington and Ida
that are beginning to attract atten-
ton and will be extensively develop
ed in due course of time.