| Show UTAH COPPER IS CLOSE T TO RECORD Production Cost for October Reduced to Cents a Pound QUARTERS AVERAGE GOOD TONNAGE TREATED T CUT BY POOR RAILROAD SERVICE Only marked decrease of tonnage ol of 01 ore treated due to inadequate railroad service serice prevented the Utah Copper company from making an unprecedented record for pro pro production ducton of copper during the fourth quarter of 1909 10 During DurIg the month of ol October which was the only month of the quarter when the mills mis were oper operated operated operated at capacity as shown by the report just issued by President C M MaNei and General nera Manager Maager D C Jackling cop coper copper copper per er was produced by b the company at the cost ost COlt of 01 only 77 cents a pound And although by reason rean of 01 the largo large larg decrease of 01 ore tonnage the cost of pro copper for the month of Decem bel bar er rose to cents cent a pound the aver average average I age cost for the entire entre quarter was only cents n a pound The report follows For the month of ol October both the Gar Garfield field and Copperton plants plata operated to their heir full ful capacity For the month of November the com corn combined combined plants plats suffered a deficiency of ton tonnage tonnage nage tinge amounting to about 1000 10 tons per pr day da as compared to the tue October tonnage due in part to adverse weather conditions but principally to the poor railroad service serice of ol the Denver Rio Grande Orande railroad For the month of December the th rail railroad rai railroad road service was so poor that there here was wa a deficiency of ot 30 tons per day In I the tonnage transported which the mine was at all al times prepared to supply and ad the mill mi to treat tat Thus we were una unable unable unable ble to treat trat tons of ol It ore or which ex cx except except for deficient railroad service we were In n a position to mine and to mill millGet mi millGet Get Higher Recovery During During this thi quarter we w treated the tha low loW est eat average grade grad of ore that Vas as ever everen ben been en mined by the company compan being slightly less ess than 15 per cent copper The he char character character acter of the ore oe however h wever was as more favor favorable favorable able for concentration because of the te les lesser lesser lesser ser proportion of oxidized material re resulting suiting in a higher of recovery recover The character of ore milled mie during the tha last ast quarter was not only still sti above the average in its Is percentage of ol oxidized ma material material tonal but carried carrid less copper than tha the tho average of the ore deposit of the mine consequently better beter recoveries will wl be shown later when operating on clean sulphide ores ors of normal grade The commercial Importance of the treat treatment treatment treatment ment of a tt uniformly large tonnage even at a slightly lower extraction has haa been fully ful demonstrated ben For example during the month of Oc October October tober ober when operating at full ful capacity the total otal oust cost cst of 01 producing a pound of copper was 77 cents cent and the tha earnings for that month were In November on a moderate decrease in tonnage and a slightly less 1 percentage of ol extraction the cost per pr pound of cop copper cp copper per was 8 cents cent and th the earnings lS In the month qt December operating with wih a great geat shortage of ore largely largel due duo duoto to poor por railroad service as above stated the cost coat ct per pound of copper rose ros to cents and the earnings were although the percentage of extraction in this his month of ol December was higher than thann In n either October or November Results for Year We e append herewith a table showing the tIle gross gros production by months monts quarters and andor for or the year giving the profit te th per pr ter the th cost COt per pr pound of ol copper per quarter and the price pric per par pound of cop per pe upon which the profits were corn com computed rated pu ted First Quarter Quarte Second Quarter Pounds Pons Pounds P January 16 April ns February May My March June aOl Total Tota 1 Total for the yea yeal Profit Cost 9 oc Price of cop copper cp copper per The costs cost given above include not only all al direct operating expenses but also the tile proper proportion of all al fixed and general generalI I expenses tues taxes te insurance freight fright refu ling Ing ng selling and managerial expense and the usual p charge for the retire retirement retirement ment of ol prepaid stripping expense and andare andare andare are based baaed b upon net product after alter smelter deductions and allowances The sales of copper for the quarter were satisfactory no copper cop r available for delivery delvery remaining unsold at the end of the quarter Little Underground Mining I The tonnage of underground ore mined during the quarter was only about S 3 per percent percent percent cent of the total underground mining be being beIng ing imig practically te discontinued at the date of ol this report The Inefficient railroad service already referred to has been due to a deficiency not only of cars but of motive power powe We Weare We Weare Weare are advised by b the railroad that a number will soon of new oid ril larger locomotives wi be in our service In Jan January The ore delivered to the plants uary was of a better beter grade than that treated during the preceding pr quarter due to more mort favorable mining conditions and ana anaa anda a greater area of stripped ground on ony which y geater to work These favorable factors of operation are steadily Increasing The development and equipment of ol a property which are necessary In order to place it in iii condition to produce and treat so great creat geat a tonnage as a we are handling has necessarily involved considerable time but now the physical condition of our property with wih respect to its ability and all plants and to produce ore al our plant ad equipment are In perfect condition to ac accommodate accommodate full ful tonnage capacity without Interruption Acquires Boston Consolidated Since the close clos of the fiscal year ear 1900 19 your company has acquired the owner ownership ship shin of ot the entire capital stock of ol the time entre Boston Consolidated Mining company compan and andUs andIs Us Its Is physical property will wi be b conveyed in fee to the Utah Copper company compan as soon Boon Boonas as the legal legal formalities can be b completed which will wi not involve much delay and thereafter these two contiguous proper properties properties ties constituting one enormous ore body will tes be operated as a physical unit wi The consolidated operation of these thes properties will enable us to introduce wi economies and enlarge production which insures larger Increased Increase profits New York Feb 21 In the Utah Uth Copper quarterly report President says In part The Tue tonnage of underground ore mined during the th quarter was only about abut 3 per percent pr percent cent of the total underground mining being practically discontinued at the date of the report The ore delivered to the plants in January Januar was of a better beter grade than that treated during the preceding quarter due to more favorable mining conditions and the greater area of stripped ground on which to work These Those favorable factors of ol operation are steadily Increasing The Time physical condition of our property with wih respect to Its ability to pro produce producE duce dues ore and all aU our plants plats and equip equipment equipment equipment ment are now in perfect condition |
