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Show National Enterprise, March 17, 1976 Page Ten Mining Highlights ONE HUNDRED MILLION IN NEW -- Coeur WEALTII-The D'Alene Mining District, home of most of the mining companies whose shares are traded on the Spokane mining market, yielded S100 million worth of silver, zinc and lead last year, according to figures just made available.... Silver accounted for more than 60 $63.8 percent of the total million from sale of 14.4 million ounces... SUNSHINE MINING led with output of 5,088,000 ounces and retained its rank as the largest silver mine in the United States. The outlook for this year is for even greater production from the district, with the new COEUR mine owned by COEUR DALENE MINES CORP. and operated by asarco, adding substantially to the silver output. ImpleSilver Syndicate menting his memorandum decision of January, District Judge James G. Towles of Wallace issued a partial judgment and decree giving Silver Syndicate title to the 625', J veins in the Sunshine mine H and silver-bearin- g west of the dividing plane... The judgment said Sunshine, Hecla and Silver Dollar must bear the court costs equally and that Sunshine may be liable for damages for failure to pay Silver Syndicate 50 percent of the net amount received from ore mined from the three veins to date. The amount of damages Syndicate is entitled to recover will be determined in forthcoming legal proceedings. Sunshine Mining Company-Reporte- d 1975 net income of $4.2 million or 75 cents per share on revenues of $55 million vs. a net of $5.1 million oi 89 cents per share on revenues of $59.9 million in net was 1974... Fourth-quarte- r 20 cents per share vs. 17 cents a year ago. 1975' Callahan- Mining earnings were reported at $2.8 million or 80 cents per share vs. the 1974 record net of nearly $4.3 million or $1.21 per share. Revenues rose to more than $21.9 million from $20 million in 1974 but profits from the Galena mine in the - - cents per share a year earlier. Uranium sales contributed 27 cents to 1975 profits vs. only a minor gain in 1974. owner Midnite Mines-T- he intercepts were reported at the Tamar- of the Midnite uranium mine ack project. in the Spokane Indian ReserHomestake Minin- g- The vation outperformed some No. 1 gold producer reported larger mining companies, 1975 net earnings of $24.2 reporting a net income of 46 million or $2.14 per share vs. cents per share ($1,644,437) in $34.1 million or $3.01 per the period ending share in 1974. Fourth quarter October 31 vs. 10 cents per net was $4 million or 35 cents share ($406,909) for the same continued on page 12 per share vs. $6.8 million or 60 $1,336,197 or 46 cents per share... The project produced its initial positive cash flow in December. Some encouraging 1974. In the fourth quarter there was a loss of $196,497 or 7 cents per share vs. a loss of $118,572 or 4 cents per share for the similar 1974 period... The blame was laid to the major exploration-developme- program lead-zinc-silv- nt initiated in 1974 f and of $1,040,000 or 36 cents per share in advance royalty payments for the Leadville, Colowrite-of- er six-mon- th rado project. Exploration and development costs at Leadville last year totaled Security Brokers, Dealers, Corporate Officials, Attorneys. Coeur DAlene Mining District were lower. The price of west of a dividing plane silver averaged $4.42 an in marking the boundary of the ounce last year vs. $4.71 Unit Area owned by Sunshine, 1974. Callahan will pay a 30 cent cash dividend on April 7. Hecla and Silver Dollar minStockholders Day Mines ing companies. The judgment learned that 1975 operations also applies to all veins hereafter discovered which are resulted in a net loss of $750,000 or 26 cents per share parallel, branching or intersecting veins within 200 feet vs. earnings of more than $1.4 of the Chester vein system million or 49 cents per share in - hand for sweaty palms A helping Juristics Securities Law Seminars help you avoid problems under securities regulations. They're education on tape to protect you and your clients. Complete, current, concise seminars covering the field of Securities Law, you learn at your leisure from experts. Listen and learn while you commute to the office, while you have lunch, in the evenings as you relax at home. 12 Cassette Seminars in handsome album with compendium the small investment of only $1 00.00. Any one of the 1 2 sessions could save you many times its modest cost. All for JURISTICS Hora coot 10-3- 0 do vou odd your cieoQly grocery Ml? Buy Thru Supreme Food A Subsidiary of Micron Corporation. Micron company on the grow 220 East 3900 So. A Send for your Juristics Securities Law Seminars now. Juristics, Inc. 233 Parker, Suite 101 P.O.Box 11126 San Francisco, California 941 01 Please send me the Juristics 1 2 Cassette Seminar on Securities Law. My check for $1 00.00 is enclosed. Name Street Address City Charge my : Bankamericard Account Number Signature State Master Charge Expiration Date Zip |