Show FIGURES FROM CERRO GORDO REPORT special correspondence san francisco aug 8 the first annual report of the cerro gordo mines company covering a period of fifteen months ending with december last covers one of the most interesting periods in the history oi 01 any mining concern operating in california from its property in inyo county near keeler there has been extracted zinc silver and lead sufficient to carry we the company from obscurity to a point where two dividends have been declared and a very important producer carried to a high point of efficiency from sales of zinc at 2375 per ton the cerro gordo realized and from its silver lead tonnage nearly from slag dumps there was a net realization ot of nearly after deducting the two dividends paid during the last few months aggregating the company began operations erat ions this year with a cash balance of as compared with a nominal cash balance fifteen months before net profits for this period amounted to since the time of acquisition nearly has been expended for improvements including a full electric power service production has been principally from the to the foot levels of the mine containing the downward extension of the buena vista ore body and the output in december last was larger than that of any preceding month the output included tons of zinc ore 1497 tons of lead silver ore tons of slag and twenty seven tons of copper ore total mining costs amounted to 1175 per to ton during the year there was purchased the aries consolidated group adjoining which gives the company holdings of eight patented claims and thirty three claims in his report general manager L D C ordon gordon states that the size and value of the ore deposits can only be demonstrated through further sloping but points out that 97 per cent of the ground is still undeveloped and that the estelle mining company at a point adjoining the cerro gordo has commercial ore at a depth of 2700 feet which lie he cites as a valuable c criterion ri terion upon which future expectations may be based |