The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-19
LOW RATES At
THE GREENE CON
Past Year Was Satisfactory
Despite Heavy Expense of
New Equipment.
MILL is MAKING
EXCELLENT SAVING
Conditions at Mines Promise
Long Life to Prominent
Copper Producer.

The annual report OF the Green Con
solidsted Copper company has been lssueo
for the period closing Decemoer 81. l9lo'
of which the following Is review from
an eastern source OF Information:
During the year the production from
domestic and foreign ores amounted 10
a., ,o0o.ii5 pounds, OF which 3B'9-l'"V'
pounds were from the companys own
ores Total earnings for the year amount
ed 10 S5592 o50 and total expenditures
81 4OI 500 leaving the gross operating
profit $l,1Si,749 There was eNpehdea on
construction work and bctterments soef.-
o97. which, with profit and loss charge
of SI, i50 left net profits OF Sioy W.
after deductins expenditures OF all klnus,
An important feature of the report was
the increased recovery. OF the domesllo
ores treated from 2.2Ue per cent copper
and 10 ounces of silver IN 1903 TO s:0!'
and los ounces Of SILVER In l'l"; NO. o :,
with standing that total cost for the year
showed an increase from so.i5 10 SOD.
due principally 10 higher mlnins cost
cost OF production was reduced rom
ll6ic for the previous year TO ll.9lc per
pound. Disregarding construction inns
cost was 2.66c per pound.
Persistence of Ores.
OF the underground developments which
took place during tho year those al the
Sierra De Cobre were by far the most
important. Al this mine the oriSna! ore
bodies have produced the entire output;
and there remains above the third level
more than half Of the ground nnstoped.
On the Combination Tunnel level, a large
orc body has been encountered, The ore
from this mine is well above the aver
age. and that shipped during the year
Was between ~ to ) per cent copper and
over ounces of silver. The average
Of ore in sight nj the beginning OF the
year was increased several tines
Al the Eliza. developments were quite
important Not only was the grade OF
orc raised. but the tonnage i'm sight was
greatly increased during the year. Al
The Oversight several scres OF new ore
with the other known ore bodies and is
continuous for LAO feet in length with
n width from fifty 10 several hundred
Geet. There is a large area OF undeveloped
ground ahead.
Saving at the Mill.
Al the conccnirator. power house and
REDUCTION plant. important results We're
obtained. At the mill the saving during
the year WAS exceedingly satisfactory and
amounted 10 20 per cent. All OF the mines
nave been electrified aS to lighting traC-
non, pumping and hoisting. At the smelt-
cr extensive Improvements were made,
new roasting and reverberaiory furnaces
General Manager Ricketts, in closing
the report states that the past develop
ment promise continued increase in yield
of the ore 10 30 pounds or more per
ton. Should this be possible. The cost
With construction completed in June. 1911
should he &c or less per pound. AT no
time has he felt more cheerful over tho
outlook and believes that the tremendous
expenditures which have been made dur
ing the past four years were fully war
ianted and that results are already be-
Ing obtained In decreased costs, After
The completion in June OF the work now
IN progress, no heavy construction or
Improvement will be required for long
time. Costs have been reduced in the
lace Of construction during opera tion
and costs should he notably decrease
with the completion Of construction The
mines have steadily improved both as TO
tonnage in sight and value oil ore.