The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-02-05
MoHAwks 1917 OUTPUT.
Largest Production in the History Of
tho Property.

Largest Production in the History OF
the Property.
The forthcoming annual report of
Mohawk operations for 1911 will show
refined copper production of -
09t056 pounds, the largest for any like
period i'm its career. This output was
secured from the milling of S02,54S
tons OF rock.
The Improvement from tho stand
point Of copper returns Is no better
reelected than In the fact that the rock
tonnage treated was but eleven tons
greater than In 1910. for which period
the output was l14l2,06G pounds, an
increase under ordinary conditions be-
speaking decidedly lower costs.
The refined yield per ton Of roci;
treated last year was 1905 pounds
against lA3e pounds in 1910. while the
percentage of ingot copper I'm the min
eral was 1911. against 1901 i'm the
year prcccding
Although No 6 shaft contributed Ia
the years rock output shipments from
this source wcrc irrousequcntial and
scarcely a factor I'm bringing the aver
ago yield above Fifteen pounds As
Yet mo- stopping has bccn doEe at thl
shaft the work being confined To- sink
ing and the extension Of lateral OPEN
inss which are I'M progress from the
fourth % the seventh levels inclusive.
In view Of the publicity given the
favorable Developments al Nos. and @
shafts, il Is rather interesting TO note
that as O. matter of fact 40. furnish
cd the best results FOR the year recent
BY ended, followed by Nos and in
the order named.
We are able 70 state that the mine
openings as whole at tho end of the /
year were looked upon ans favorable for !
the continuance of the December rate |
of production of 1,O23,767 pounds. the |
Improvement extending 10 the work |
iugs north Of No / shaft.
II ia not within our memory that a |
Michigan dividend paying copper
minc showed an actual loss i'm opera |
tion iu consequence of milling difficult |
ties. Yet this is what the abr1rmally I
cow lcyci Of Lake Superior and con-
soqueut inability 10 secure its water |
supply through the intake cau-cd Mo |
hawk during January and February a |
year ago. Production was greatly cur |
tailed affairs were largely at stand /
stilt the whole resulting i'm operations !
being conducted at an actual loss OF !
100000. The intake has been lowered /
ana tho trouble rcmcdicd for an time. |
but The handicap ,o the company i'm f.
the opening months az the year was q
severe one, and really accounted for
the reduction Inv the August dividend I.
declaration to % cents.
Set earnings for the FIRST six months
were but $4,000, which are i'm sharp
contrast to The December earrings of
probably t25.oo0 or better. thinks 10
which it is possible that the company
viii show total mot earning, for the
Year of $4,000, CO.. S225 per share
against Sl55 per shwrc distributed 10
the shareholders. This would Indicate
profits or about two cents per pound |
ON the above reported production. so
that despite the unavoidable mishap.
costs are more favorable than those of
The year preceding
Barring unforeseen difficulties. Mo-
haWl, should this year produce about
l2.50oo00 pounds OF copper in the
event Of which further cost reductions
can be hooked forward 90 with reason
able ldcu Stone d Co.