The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1916-02-05
TONOPAH EARNINGS ARE AUGMENTED
BY ADVANCE IN PRICE OF SILVER

53S.61 have been paid. leaving a
total net income for the quarter OF
$313,719.56.
The above figures do not include
the earnings of the company
through it's interest in the Tonopah
Placers company, operating dreds-
ers at Breckenridge, Colo. 1t has
been a long time since authentic
figures have been available as to
the profits derived from this source.
and these figures coming officially,
will be welcomed by those inter
ested in following the affairs OF the
company. 1t vail be observed in the
footnote of the report that the To
nopah Placers company had ne.
earnings for tho same quartz, D;
500 .06, and inasmuch as the
Tonopah Mining company OWLS SSH
per cent of the Tonopah Plaoers
company, this furnishes an addition
al sum of ~S75,725.0S to be added
to the total net income of the To-
nopah Mining company for the peri
cd mentioned.
All told the net income of tho
company for the three months
amounts to sSS9,O44.64, or very
nearly 40 per on, on the pa" value
of the stock; and assuming that this
ratio of profits is maintained for
the full year it a an annual
net income for the full fiscal year
of over $500, 900, or over 80
per cent on the par value of the
stock.
TOnOpah Extension
News that the Tonopah Exten-
sion Mining company is to increase
the capacity of it's mill at Tonopah,
has been well received by the min
ing public. 1t is stated that within
a few months. probably by July :,
20 more stamnS vii be added to the
30 which are now dronDing at
the company's mill. the foundations
and battery plates for the extra
STAMPS are now being placed to ac-
commodate the increased tonnages
TO he put through the mill.
Additional equipment, such as ar
other agitator, tube mill, thickener,
ETC., will be installed in the big
rlant Of the company which was
built with the idea of an increased
capacity at some lime in the future,
1t is calculated that by the time
the mill is ready to operate, the adj
ditiohal stamps, the surface i'm
provements connecting the Victor
shaft with the mill will have been
completed and there will be no de-
lay in furnishing the additional
tonnages required. At the present
time, the company is reducing and
Treating between 1000 and 1900 tor;
of ore per month and when the ad-
ditional equipment is in operation
the mill will be able to treat a
minimum of 10000 IONS per month.
Jim Butler Mine
The report of the Tonopah Jim
Butler Mining company shows thar
stopping operations continue on the
ore opened up in the property, fur
nishing the usual amount of extrac.
ton, and the values are maintain
ed fully up to the standard. nc"
velopment work has also been push
ed forward vigorously and to good
purpose on the several level, OF
the mine.
At a recent meeting of the board
of directors, held at Ph'ladelbhia,
the former directors We're re-elect
ed for the ensuing year.
The report of developments III
the territory served by he Desert
Queen shaft records that on the
fourth level, operations have teas-
ed temporarily in No. 4O2 west
drift while two loss-cnts are pro
;ected, one 4O3. to the nort;i from
this drift, for the purpose of pros
Meeting the formation on that side.
The other, 404. runs to the sour
for the same purpose. Since Ding
started, satisfactory progress has
been made in 10th workings.
West End Consolidated
The usual conditions existing in
the West End Zen. mine remain
according to this W, eiI's report, al1
no unusual changes nave oHcurraf
in the workings
Stopping is progressing satistac-
torily on the 400 level and 523
IRA @. do VEIN