The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-03-25

SCNAI ahE
the Tonopah Mining company 1000
tons, the Tonopah Extension 1900
tens. the Jim Butler $50 tons, the
west End 635 tons, the Midway 141
tons, the Montana % tons, the
Rescue 81 tons, the MacNamara 50
tons, the Cash Boy % tons, and
miscellaneous leasers 10 tons, maxi
ing the total production for the
week 1921 tons, the estimated value
Icing $19k, 63S.
A big INCREASE in net earnings is
shown by the Belmont company over
the figures published as net prof
its for the month of January,
which were about $4,000. A COM
garrison of the January figures with
those for February dicloses that
though in February the company
milled 563 tons less than were
milled in January, the average
grade of the ore was raised con-
siderably. Thus the number of
ounces of gold produced was 227
llOlC lIdH III cohud anu thS
number of ounces of silver over
10000 more than are shown in the
January figures. The net profits,
accordingly, show an increase CT
slightly more than 25 per cent over
the net profits for January.
Though the report of mining op.
erations at the company's property
in Tonopah is of the excellent high
standard of excellence there is con
tanned in it II feature which be-
speaks tremendous possibilities, not
alone for the direct benefit of the
Belmont company but for the en-
tire surrounding territory. This
feature of the report, while stated
il very brief in the formal
report issued by the management,
constitutes one of the most interest
ing items in the report. This item
is to the effect that on the 100
level a cross-cut, No. 3, which had
heretofore been advancing in a
southerly direction for prospecting
purposes, is now being driven with
with a definite objective, that is. the
downward extension of the vein
which was cut On the $50 level in
the Eula claim of the Rescue Eu'a
company, not more than 20 feet
away from the end line of the
Occidental claim.
TOnopah Mining Co.
A substantial improvement is to
be noted in the figures given as
the net earnings for the month of
February at the Tonopah property
OF the Tonopah Mining company. OF
course this was to be anticipated
as the earnings for the preceding
month were low, probably the lOw-
est in the history, and undoubtedly
a point is reached again. However
when the final days of the company
have come, the stockholders need
have no fear of a precipitous de
cline in their investment, for the
quick of the company,
which it succeeds in maintaining in
admirable manner, and not count
ing the possible and probable earn
ings from it's other ventures. will
in themselves be sufficient to keep
the stock at a high figure.
The fiscal year of the company
closed Feb. 20 and the office forces
both at Tonopah and Philadelphia
have beer busy making up the an
nual report for 1915, which when
issued, should make interesting
reading. Undoubtedly special ref
erence will be given to operations OF
the company in Nicaragua at III"
Eden mine, which in all probability
will commence around the first or
July with a fully equipped milling
plant for the treatment of the ores
extracted.
Then there is the Tonopah Plac
ers company, of which little is heard
these days, presumably on account
of winter having interfered with
operations. A recent report from
Breckenridge, Colo, states that sew
eral cars of machinery have ar
rived there for the dredgers and il
is evident from this that prepare
tions are being made to have every
thing in readiness for vigorous op-
eratiOns as soon as practicable
+. From the reports concerning tn;
dredger operations it is of course
certain hat the company will show
"A handsome profit on the past year,
output, the last quarterly repor
/, having shown a net profit of $l5.'
coo for the Tonopah Mining com
= pany.
Tonopah Extension
n Underground operations of III
TCnCpah Extension Mining compan,
at its deepest level. while merel,
in the first stages of development
n at tho nraSant time have DrOyp,