| Show u ANNUAL REPORT REPORT OF CHINO I 1 the chino copper comp company any of new mex to 0 has issued its report for the year 1913 et earnings were dividends r were paid and a surplus of 1 ISIT carried over in reporting on results operation president macneil says no pronounced attempt was made to develop increased tonnage but nevertheless sufficient drilling was done to indicate an added development of ore in excess of an amount treated for the year which results in an available tonnage of over tons i as of january 1 1914 of an average gra grade de above 18 per cent copper during the year gross production of copper amounted to pounds this output was produced with the plant operating only four sections out of five for the first five months of the year total tonnage milled for the year tons is equivalent to an average for the year of tons per day operation of the plant for the last seven months of the year has clearly demonstrated an average capacity considerably sider ably in excess of tons per day average net cost of copper produced during the year including all operating expenses of every kind transportation milling smelting smelling sm elting and selling and crediting all miscellaneous income was cents per pound the greatly improved financial result for the year is the best indication that the methods employed both as to mining and reduction are continuing to prove successful and satisfactory and while the costs of production per pound during the year 1913 were somewhat higher than in the previous year it appears from the operating report that the entire property is in position to treat its full tonnage continuously under conditions which insure uniformly improved results for the future an increase of 30 per cent in the output of copper per annum over the prodoc tion of the year just ended can be expected with the present perfected and completed plant |
