Show ORE MADE PUBLiC IN ANNUAL REPORT I Judge Mining Ining Smelting Sho Shows vs rs Gain ain Du During Dung Past Year Yea Although h hampered by a s. strike which lasted nearly two two months month th the the- Judge o Mining alining Smelting company In Its IL annual report which Is la just being mailed to stockholders sho shows s 's that tho the company did 2416 feet of drifting ana anc crosscutting and feet teet of ot raisins raising mined tons of ot ore oro and ad ended the tha year with a a cash cah balanco balance of or as compared with wih durin during tho tIme previous year Tho The discovery o of High High- grade grado milling oro ore in the of or the Daly vein vain was ono one of or the tho te development develop ment features of the tho te year In his report to tho the stockholders G. G W V. Lambourne president president and general manager manager says Bays Tho The total yield of time tha rains mine was 3 47 7 71 tons of which tons were of or a n direct shipping gra grade ore oro oro averaging a anet anet a net smelter value vane per ton of or 3 r T io metal contents content of or all al ore are sold Bold were Silver Siver ounces lead I pounds copper 2769 6 pounds gold Gold ounces zinc zinc pounds pounds Receipts from all aU sources were 7 against expenditures of ot which includes dividend No 25 of ot sho showing an Increase during tho the year In n tho ho available balance of ot 76 and anda a cash balance January January 1 I 1920 of Unsold products on hand were pounds of or premium zinc and tons of zinc concentrates Tho The present rate rte of production production pro pro- ducton of or zinc concentrates together with the tho tonnage on hand hand assures a capacity run rn of tho the electrolytic zinc plant for tho the year 1920 Since the Ue first of ot tho time year yer better beter prices have prevailed prevailed pre pre- for zinc zinc and approximately pounds ok of ot our product has h b n be-n n sold and is on Its It way to the market An outlet for tor our entire zino output looks very ver promising The ore bodies throughout the mine continue In an assuring condition for lor fora a large lage production and there thero tero are no reasons other oter than tha those beyond our control why results for tor the tha te year yer year should should not show Ia largo large o and satisfactory re re- re turns S With a ft cash ch balance of and a conservative value of ot for forthe for tho the unsold zinc zinc considered In connection connection tion ton with wit earnings since th the first or of orthe ortho the tho year In c excess cess of or dividend requirements require require- ments monts have havo hao d decided your board bod of or di director directors directors di- di rectors rector that tat dividends could cud bo be re resumed resumed re- re and It Is gratifying to announce that tha quarterly dividend No 36 of ot 12 11 cents April pet per pel 1 share will wi be hI forthcoming on ArU Labor Troubles The report of General Goner Supt 0 O. O k N. N Friendly says The early ely part of the te year cover covered d dby by this report represented a. a 3 trying period Labor shortage and the impossibility im Ira- possibility of obtaining proper efficiency cy from the men obtainable together with the unsatisfactory market for tor ores ores made operations difficult FollowinG Following Following Fol Fol- lowing lowinG this came agitation fostered by byte bythe the te Industrial Workers Worker of or the World which resulted In a complete stoppage of operations of or the te entire district for fora a period of two months months However more favorable conditions have existed tho ho latter later half hal of the year and as 3 a a re result result re- re sult suit tho the mine h has had opportunity to Increase Its Is yield and at the same eme time develop Its Is territory Underground op operations operations op- op ertons were confined to day work only for Cor the tho first eleven cleven months of or l to o year yer so that the tho to work acc accomplished one half represents operations at only one one-h capacity The Tho new ore zone In the back back v vein n territory has ha been a heavy producer and new now ore found In iii this region prows proves that It will be an important factor Inthe in inthe the time production ton of ot tho the property fori fora long IonS tIme timo to come In the Daly vein veina a 0 reaching far discovery was ws tho the ins Ing of or a a. large deposit of or grado fhi milling oro ore in the of ot th the ti fis ft- sure sure This deposit represents s a a. new condition of ot oro ore deposition m in inthis in inthis this territory as all al values alues found prior to this time havo have been either cither In tTe main fissure or upon the hanging w wall 1 adjacent to It It Futuro Future tho the should bring Int cst g I results In the tho ho middle vein ein territory at th thI the extreme southwest end of ot the tho present workings located under what is known I as a tho the Bonanza flat fat region tho the ore h bus hns s 's been found to be extensive and is I f fol following foh- foh l- l lowing lowinG th the main faulting system on n nIs Its Is strike toward time the southwest endt the property Alteration nt at Mill m During time the year car some alterations were made to the thc concentrator to In iu Increase I crease the tho recovery on oro mined in inthe the back vein eln which requires a d dU- dU ferent treatment Although tho the In excellent shape somo some additional changes are arc contemplated Tho The statement state state- ment of mill operations was as fol QI Q- Q I lows Tons rons ron of ot ore treated dr dry weight 0 Tons of lead concentrates produced produced pro- pro 7 dry wel weight ht 7 7 Tons of ot zinc concentrates produced pro pro- ro- ro ducet dry weight ht Sl Ratio of f concentration for lead concentrates concentrate 1 Ratio Ralo of ot concentration for tor com com- lead head arid and nd zinc concen- concen rates 31 33 Number umber of or hour eight-hour Shifts op- op i crated r Average capacity per twenty- twenty four four- hours dry dr tons tOiS W WI I For or only tho first four tour months jit af t tho year car the electrolytic zinc plant jdant WA WI operated closing closinG down down with tho the c When work was resumed thoro no concentrates available so experimental expert expert- mental work was carried on on This has hz been completed showing increased re re- re Operations wore resumed at atthe atthe the property on time tho first of the present pros pres cut ent year and ami time tho plant is now producing producing ing zinc exceeding per cent In iii purity At the tho first of the tho year there thero Continued on omi following Page Fage ORE DISCOVERY I b IS MADE PUBLIC Continued from Preceding Page were tons of or concentrates ready for or treatment treatment TIme The financial report of or the tho company compan sh sho s Balance Balance on hand Jan 1 1 1 1 RECEIPTS Ore sales Zinc plant 0 Interest and sundry sundry sundry sun- sun dry receipts 1 EXPENDITURES EXPENDITURES' Mine account Zinc Mill account reduction t plant Prospecting ex exploratory ox- ox and dea dead work iO Ore expense and 4 Surveying engineering 0 t. t Drainage 1 Impounding of ot tailings General expense expense- General office J I. I insurance legal J k kand and antI sundries Taxes and liability liability it ity insurance 3 62 4 Dividend No o. o 35 5 Balance on hand I Jan 1 1920 Since incorporation the company has ham 1 produced ounces of sliver silver 13 13 ounces of or gold gold pounds of le lend lead d. d pounds of or copper and I pounds of of zinc which was WS I sold for from from which the company company ha has haS paid in divi I |