Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1914-04-15
BELMONT ANNUAL REPORT
MAKES SPkEyRIQ SHOWING

The annual s'nemI Of t,.4NsG 'SapoS> Development
,@%pa%y @sS." i..sa this s.. ""r ri 'S s%pn"y %@
ing experience known The hstof L@paR ~ 1 reYte with
information dealing with reaundan ,JtAi satisfy
every Of the most exae!sg stoek The bls supply
Of February is of sufficient magniue ke| the big mill
Of company operating three yealsA least without
performing development The management
very ehay about making statements and qualities
its report with reference the number of of possible prob
and good sight This element Of prudence that
BE- criticised bun is also known that since the report
written the company opened bodies superior milling
shipping that not included the official annual state
ment
Dividend No Of share paid June DIST 1906,
1929 50O0 and that time the company has paid
dividends aggegang s5993oo2s0 In addition these dsburse
contained in the report the has declared
dividend of $l50000 payable April 18th which will bring the total
profits distributed stockholders the of 900
period years That the Of the operations
Belmont be fully understood appears The underground
workings represent over. miles Of work in drifts opes
shafts half the na dis
ance covered by the Panama canal
That the directors Of perpemang the life Of the
company and extending operations through utilizing the
Tonopah property evident
Of President Heller the effect that the company has
been looking for another mining investment and has virtually de
eded that to the regd requirements Of the
teal men al head Of Belmont affairs
months operation the mill has paid itself
saved the $4,000 proving the wisdom Of the
During year the Belmont mled 7239s
valued i3 Of value of $2 o96 and
milling reduced 81 At the old mill Mlers
lC realization the company $8s 546s for
charges The chief points q the report given the fol
lowing summary:
The earnings during the fiscal year we're sOl55s
with sl.7a22t7o for the previous
The Produced during
the previous ) follows:
ahpped mill li--- s7s52 2ssss
Average gross s276S
Tons shipped TO sneters a.- 562 2z6ll 2lso7' 7oS2
Average gross $s4ss
Total production tdry so6e s6sso
value $2lo $24s4 $SO61 $ss si7ss
bullion, year. com
pared with the previous years were divided as follows
SOLD for nl5sssOOss $7ssfsi5s sssss7i a
Average per ounce ssosn S2oe72 slssSo
silver
for $2ae756s6s 81
Average ounce soSsi osis sOSsf
Total ulsslasss sa,leOaslls ,aasssl4ol
reign, % and express s' nsn7a loosa7ss a7as7s'
Total Receipts s4.osrOs5o ssososlass ssssll7s7
The operating expenses o
un r., ,.,., ,' ,,.,.o, ,',s ,,ls.s ,,s So. s 9es
DfSaSn'@ Eaap%"" A"S ,sossu r5Os4 lsos4. lsoss4
Totals - s7.Osne ssss7sls7 sseOAsOe sssls44
Dry mined i72e4s 2s6s7 1853 sioe
Cost ton including de
probation and develop
operating indirect
and depreciation compared with the period during which wa
operated in the previous as follows
1913
Operating expenses a...-a... s52ss2ols s2s2s722
Is Sass
Direct per ton .......a.... $26so s2so
Indirect ton SO
Tota cost per ton ssO4s ss4i
Average extraction, A46 s44
average number Of stamps dropped -- S4S o.
The mill has vious year while the resu
Increased extraction old mill
s approximately s25OOo more lively unmpo'an a Is co
The rs M YOU" ,' sose sdered good % pon a 20 to'tnus - %