| Show UTAH COPPER HAS ORE FOR 40 YEARS Report Shows Large Increase of Output and Profit Last Quarter With production for two months of the quarter heavily handicapped by In Inadequate inadequate Inadequate adequate ore transportation facilities the report of the Utah Copper company for tor the quarter Quater ended March 31 1910 shows gross production of pounds of or copper which compares with production of pounds for the thelast thelast thelast last quarter of 1909 The metal was produced at the average cost coat for tor the quarter of ot cents a pound com corn compared compared pared to cents a pound 1 for the previous quarter Net profits from mining and milling were based on copper the average price for the quarter Ad Additional AddItional income from rom rents and other items amounted to making total net profits Total profits for the last previous 1 quarter were based on 13 copper Gross production by months In pounds for the first quarter of the present fiscal year January 4 February March Total In the statement of profits for the quarter no account Is taken of the Income from dividends from the com corn ownership of shares of the Ne Nevada Nevada Nevada vada Consolidated Copper company The report which Is signed by President President President dent C M U and General Mana Manager Manager ger gee D C says say In part This report covers the operations of the properties of the Utah Copper com corn company company pany proper for the month of January Including only the outputs of the Gar Garfield Garfield Garfield field and Copperton plants for tor that month On the first of February the operations of the Boston Consolidated Mining nning properties recently acquired were taken over and the report therefore covers the results from the consolidated properties Including the Boston Consolidated mill mUI at Garfield which will hereafter In all reports repots be referred to as the th Arthur plant for tor the months of February and March March Is la Best Bent Month During the months of January and February we continued to suffer through a lack of ot transportation fa ta facilities to the extent of a loss of ot ton tonnage tonnage tonnage nage in January as compared com ared to the full capacity of the plants In operation and covered by this report of tons and a similar deficiency In ton tonnage tonnage tonnage nage for the month of February amounting to tons During the month of ot March all aU plants were sup supplied supplied supplied plied with their full requirements and we accordingly operated them at their full tuIl capacity approximating tons per day This was the first month since October last year during which such transportation facilities were pro provided provided vided to permit us to ship to the plants their full tonnage In the statement of ot ore reserves ap appearing appearing In the annual report just Is Issued Issued Issued sued for tor the year ear 1909 no account was taken of ot the ore reserves of the Bos Boston Boston Boston ton Consolidated properties because those properties were not acquired un until until until til after the close of ot the fiscal year In that report ore reserves In developed and partially developed ore on Utah ground alone were stated to amount to tons The Boston Con Consolidated Consolidated Consolidated properties contain similarly developed ore to the amount of tons In addition to these tonnages there Is the somewhat lower grade tonnage referred to in the last annual reSortS reports re orts estimated at tons This additional lower grade tonnage is of practically the same grade as that upon which our operations have been exclusively conducted for the last six months Enormous Tonnage In Sight Summing up the entire ore reserves of ot both properties the total as de detailed detailed detailed tailed above amounts to tons all aU of ot h Is of a grade equal to that upon which we are now operating operatIng ing lug and a large percentage of ot It Is of ot ofa ota ofa a much better grade In considering the above stated ton tonnages tonnages tonnages nages it is to be remembered that both the Utah and Boston properties still have undeveloped large barge areas known to contain both laterally and In depth ore bodies similar In character to those already developed but without con considering considering considering such areas the ones which are fully tully and partially developed as stated would at the present rate of production production production tion enable the plants as aB a today exist existing existIng existing ing to operate for a period of forty years and at the increased capacity which will follow fellow the Improvements now under way and which will within a year from the present time be ap applied applied applied plied the life Ufe of the present ore re reserves reserves reserves serves of the company would be about thirty years To Remodel Arthur Mill At the time of the acquisition of the Boston Consolidated property the di directors directors directors rectors announced a decision to in increase Increase increase crease the capacity of the Arthur plant and plans are now being pre prepared prepared prepared pared to carry carryon on this work In order that the best and arid most economical methods might be applied in the recon reconstruction reconstruction reconstruction of this plant and its future operation a corps of Independent en engineers engineers engineers was engaged to examine and andreport andreport andreport report upon the relative merits m of or the systems of milling used in the Magna plant and that of the Arthur plant and upon the best plans for tor enlarging the capacity of ot the latter Their find findings findings ings show a decisive advantage both botha as 59 a to costs and recoveries in the meth methods methods methods heretofore and now employed in inthe Inthe inthe the Magna plant and furthermore that by adoption In the Arthur plant similar appliances and methods Its Us capacity can be more than doubled without extending the present build buildings buildIngs ings lags otherwise than to provide storage to bins for tor ore reserves proportionate the Increased capacity This report fully confirms the pre previous previous previous determinations and reports of ot our own engineers and work has been com commenced commenced commenced upon the remodeling of the theArthur theArthur theArthur Arthur plant along lines that will make It conform as IlS nearly as possible to the Magna plant both as to ma machinery machinerY chinery and method |
