The Goldfield news and weekly tribune. [volume] (Goldfield, Nev.) 1911-1947, 1917-05-26

sion 1880 tons, the Jim Butler 700
tons, the West End 976 tons, the
Rescue 1913 tons, the Montana 159
making the total production for the
week $3.50 tons, the estimated value
being $161,S75. This valuation is
calculated on the gross milling
value of the ore.
A splendid report of net earnings
has been issued by the Tonopah
Mining company covering the opera
tions in the month of April. The
figures, published above, indicate
the improvement over the March
operations, when 8745 tons returned
a net profit of 1852 The great
increase in earnings from a re-
duced output is accounted for by
the better grade of ore as we'll as
the higher prices obtainable for the
silver product of the mine .
The bullion shipments which were
reported as resulting from the
April operations at the Desert
Power and Mill company at Millers,
amounted to the big total of $685.
$50. These figures, given out by
the company itself at the time the
consignments of bullion go forward
to the smelter, are invariably con-
sentative and adjustments when the
silver is settled for by the smelters,
according to reports, mean a higher
valuation for the shipments, which
in turn is reflected in increased
earnings of the company.
Reports from the Eden Mining
company's plant in Nicaragua con-
tinue to be of the most satisfactory
character, development work being
prosecuted diligently under the di-
rection of Robert Hawxhurst, gen.
eral superintendent, who in June
late reports have been received as
to the results of the mill opera
tons, which were started at the
Eden property on March LIST.
Operations at the local property,
while not of a sensational nature,
were continued with satisfactory re-
suits. Nothing has been done at
the Sandgrass portion of the mine
in the nature of development work
for the past few weeks, during the
time that preparations have been
under way for the installation of
the hosting equipment at the head
of the old Merger Wine.
TOnOpah-BelmOnt
That a better grade of ore was
milled in April than in the preced-
ing month, is disclosed by a COM
parison of the figures showing the
relative earnings. The March state
ment of the company contains the
following items: Number of dry
tons milled, 1864; number of
ounces of gold bullion produced,
1,987.57; silver, 1S6,326.25 ounces;
and net profit, $71,456.76. Thus, it
will be noticed that the April ton
mage was considerably smaller, yet
very nearly the same production of
gold and silver bullion was made;
and the profits increased over Is
per cent above the March figures.
The complete report of the COM
pany for the 14th fiscal ear of the
company and the Belmont Milling
company, ended on February 28th,
1917.
More and more the Belmont
shares take On the aspect of a gilt
edged investment as the months roll
by. Added to it's record of being a
splendid producer sustained during
the past and present years, with
great possibilities for the develop
ment of further tonnages in the
TOnopah property, that will enable
the company to operate indefinitely
at the big mine here, the brilliant
prospects that have been opened up
at the Surf Inlet mine and the
Eagle Shawmut mine r practi-
cally certain to insure an earning
capacity greatly in xcess of the
present dividend requirements of
the company, which are equivalent
to better than 10 per cent at the
lSC vi Nv olONh oo 4uOtOo oui
the week.
TOnOpah Extension
The main feature connected with
the report of operations at the To-
nopah Extension Mining company
during the past week has been the
preparations for the installation of
the new electric power plant, which
is proposed to be utilized as al
auxiliary in cases of emergency,
thus avoiding any stoppage of power
when the electric power company's
lines are out of commission. This
has happened several times during
the past year, when violent storms
in the White Mountains, where the
power is generated, have broken
1890 l;-ao a-I T.