Show CHANGING management it is just as important in earr carrying ying on successful mining operations to have a capable manager as it is to have a good mine in this western country the career of hundreds of promising mining enterprises are blighted because of poor and inefficient management and many cases are on record where absolute failures have been recorded because of the employment employ of mine managers who are incompetent to manage the development of a prospect let alone a mine that had previously reached a point where it was producing profitably and paying dividends it is an old saying that it must be a really fine property that can stand bad management this is true but why should any mining proposition be handicapped by management that is not capable of getting the very best and the most there is in it A manager may be thoroughly honest and of good general ability but his judgment may not be good and he may be lacking in the training and experience necessary for him to make good in the position he holds A trial of a few months should demonstrate his executive ability his fitness for the position and it if it is found that he is lacking in these qualifications cat ions he should be retired no matter it if he is in charge of a big mining enterprise or only a mere prospect for the prospect with intelligent and systematic operation and development may come to the front in time fline as a big mine and why should it be given a blackeye black eye by mismanagement any more than a producing mine that has long ago passed the virgin stage no feeling fe elint of friendship nor fear of offending relatives and friends should stand in the way of making a change in mine management when it is clearly evident that a change should be made to hesitate in this matter often iveans the absolute failure of the enterprise under unsuccessful management interest lags laa gs stocks decrease in market value and the money itoney loss is sometimes so great that previous profits are turned into losses and work is abandoned on what might and should be a regular dividend payer an instance of where a change of management resulted beneficially is illustrated in the utah consolidated mine at bingham for years this mine paid regular and heavy dividends A change was made in the management and soon earnings began to decline and dividend payments were entirely suspended the shares of the company declined in value and when examinations ami nations of the mine were made by experts its life under conditions then existing was placed at but a year or two less than a year ago another change of management was made since then shipments have increased extensive developments have disclosed new and valuable ore zones a dividend has been paid another is expected within six months and now it is claimed the life of the property has been extended to an indefinite period this gratifying condition was brought about by a change in management when it looked as if the whole proposition was lost beyond redemption and illustrates the fact that under certain circumstances a change should be made in mine management |