The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1913-11-13
THIRD QUARTER-lela.


August .,......-.-..-.--,. s'ss. 699
September ....,........,. i.S-b.O's
,,!o,V,,, ,,o,,,,,t,. ,,roS,,,,,on < oSa "a:
SECOND QUARTER-lel3.
Pounds.
hprii -,...............'.. i.9ie'S
May ACKNOWLEDGEMENT iOoI,i ,iS6
June .-.-'.f,..,....s,.... J,Sib,b@"
Average monthly production. 3,9ss, ,oH
FIRST QUARTER-lelS
Pounds
January ................ 500, 2I4
February ....-....-....... 4.OlS.,s9
March .......,..,...,.... 4.eo2.so'
Total 2.O2l.s12
Average monthly production. 1907, 2ol
Average monthly production
for the three quarters -. l,S55.525
The total amount of ore milled
during tho quarter was 60,.o5o dry
tons. an average OF 551s tons per
day. IA compared With i92s50 dry
tons, corresponding 90 daily aver
age of 5Il6 tons for the previous
average OF 4775 tons for the first
quarter OF 1913. Forty-seven per
cent OF the quarters tonnage was
produced from the Hearst ore body,
quality. although containing more
than usually high percentage Of
iron sulphides. and produced lower
grade Of concentrate. ThiTty-siN per
cent OF tho quarters tonnage was
supplied from the northeasterly por-
tion OF the property. a considerable
amount coming from the Whim hill
section alone, and containing some
oNiGized ore. The remaining II per
cent was supplied from the north
westerly orc body and came from the
stripping edge. some OF the material
running very high in iron pyrlte and
magnetic and making a very low
grade OF concentrate.
The average OF copper contained
iu the ore treated for the third quar-
per cent for the previous quarter and
i.9l per cent for the first quarter Of
1913. The average extraction for the
quarter was Gs.9S per cent. CORE
spending 10 n recovery OF 2a.92
pounds Of copper per ton OF orc
miied. as compared with an average
extraction for the previous quarter
of si.fS per cent corresponding 10 n
recovery Of 1888 pounds OF copper
rer ton OF ore milled. The average
grade OF the concentrates produced
FOR this quarter was 1Ai5 per cent
copper. as against l5.1e per cent for
the previous quarter.
The cost per pound OF net copper
produced for the quarter after al
lowing FOR smeltcr deductions and
without making any credits for mis-
cellaneous revenues, was S.fl per
cent. as compared with 9-0l cents
per pound Tor the previous quarter
and N.2i cents per pound for The first
quarter Of 1918. n miscellaneous
oarniucs we're used as credit 10 the
cost of producing copper. such credit
you'd amount to o.5S cents per
pound. bringing the net cost OF cop
TOR ior this quarter down 10 SOS
cents per pound.
The financial results os the COM
p0ny's operations Tor the current and
preceding quarters OF 1913 are AS
follows
q lis. f.." "a 'si.'F .sis ''' 81. st:.'
Ne profit fIom
milling opera
,'oaa ..-.-. -i2ii.:2s.os ;ss,.e5c g S'7ssoie7
Mic. irtromc.
rruts. st0rcs,
&c .".--. s.tes.5i sL7o54o ='os. IS
Total 'asi.S,5s - t7is.7i7 "a ssc7. s.e.ss
pi'ideads paid sli.S75.co eze.7eo.oO
-, surplus over
diTnd require
wouis ....... -sstl.olt.s' ss.ss3..J
The above earnings are computed
"n Tho hssis "f Il cents per pound
Tor the third quarter. ht the close
OF TIC quarter the total amount OF
copper on hand and ia transit (sold
and unsuldj was la.Jt0.7ts pounds.
Tho unsold portion OF copper on hand
and IN transit Is iuyentOried at 1880
cents per pound. During the quarter
additional urst mortgage bonds were
CpnN Ncrtcd Ia the amount OF $iS4. 600.
leaving outstanding only S270.500 par
value Of The original issue OF $780,
oao convertible bonds
During the quarter there was re-
moved by the steam shovels q total
ot ,l2a.6SS cubic yards OF material
In place. an average OF 37I563 cubic
yards per month. or this total
amount OF material removed, s7S,04I
cubic yards were stripping. the re-
Waiuder being equivalent TO 5l0.ls5
tons OF orc. During the quarter and
AZ the tine OF writing this report.
all rating factors have been and
of the low grade OF concentrates pro-
duced. This. as has been cxplalned
ls due 10 the abnormally large per
ceniaEe Of iron either in the form
OF sulphidcs or oxides contained in
The ores from the areas from which
" has been necessary for US TO pro-
duce our tonnage. As a result of tho
lover grade and correspondiurIy
greater tonnage OF concentrates pro-
duccd. the smelling costs per pound
of copper were unusually hiRh and
the total per pound cost Correspond
inElv so. Ss larger working areas
become available thus permitting a
moro uniform mixture OF ali cIasSc.
o, ore. the grade OF concentrates will
Improve.