| Show 0 UTAH COPPER QUARTERLY the utah copper company robert C gemmell general manager operating the big porphyry copper at bingham and mills at magna and garfield utah has issued its fourth quarterly report for 1918 showing total production of pounds of copper and net profits of counting a disbursement of to stockholders in dividends this left a deficit for the quarter of A summary of the report follows pounds october november december I 1 totals average monthly production pounds july august september totals average monthly production pounds april may june totals average monthly production pounds january february march 1 totals 00 average monthly production in addition t to the above there was a to tal of pounds of copper contained in copper sulphide ore shipped direct to the smelter and a total of pounds contained in precipitates from the leaching plant making the total gross production for the quarter pounds the total gross production of copper for the year from sulphide ore shipments was pounds from mine precipitates pounds and from leaching precipitates 2396 pounds all of which is included in the following statement pounds gross production for year 1917 gross production for year 1918 average monthly gross production for 1917 average monthly gross production for 1918 the average cost per pound of net copper produced from concentrates was cents and the cost per net pound of all copf er produced from concentrates sulphide ore and leaching plant precipitates was cents per pound as compared with cents for the previous quarter no credits are made to co costs ats in either case on account of income from gold and silver or miscellaneous sources the value of the gold and silver in ore and concentrates totaled and the miscellaneous income amounted to these items combined are equal to 1332 cents per net pound of copper produced the comparatively high cost for the quarter was due partly to the increased ncr eased smelting smelling sm elting and refining charges increased freight rates and high wages and also partly to decreased production quarters finances fourth quarter net profits from operations other income rents etc in utah 5 income from nevada consolidated copper company dividends income from bingham garfield railway company dividends total net profit disbursements to stockholders net deficit the barnin earnings b s for the fourth quarter are computed on t the he basis of cents per pound for copper as against a basis of cents for the third quarter cents for the second quarter and cents for the first quarter the comparatively low carrying price of copper for the fourth quarter is due to the sales having been considerably less than the production the regular quarterly cash dividend of per share was paid on december |
