Show RAY consolidated the report of ray consolidated for the three months ended june 30 shows net profit before dividends of allowing the dividend of there is a deficit of production for the quarter amounted to pounds of copper compared with three months before the report says in part in addition copper derived from concentrating ores there was pounds of copper contained in ores sent direct to the smelter making the total gross production pounds compared with pounds for the previous quarter during the quarter there were milled dry tons averaging 1827 per cent copper this tonnage corresponds to a daily average of tons as compared with tons for the first quarter the mill extraction for the quarter was per cent of the total copper contained in concentrating ores as compared with per cent for the previous quarter the average cost per pound of all net copper produced for the quarter was 1464 cents this figure does not take into account credits for the value of the gold or silver nor for miscellaneous income and compares with a cost of 1515 cents similarly calculated for the previous quarter these costs include a charge of 15 cents per ton of ore milled for the retirement of mine development expense but are exclusive of estimates for federal income and excess profits taxes miscellaneous income for the quarter including net receipts from gold and silver produced amounted to cents per pound the average carrying price of copper for the quarter was 1480 cents as compared with 1313 cents for the previous quarter the output for the quarter was approximately 50 per cent of normal |