| Show TINTIC STANDARD MINING COMPANY MAKES EXCELLENT SHOWING FOR YEAR in order that the stockholders of the tintic gintic standard mining b company might mig ht have a clear understanding of what has been accomplished accomplish ac hed through the operation of the property during the calendar year now drawing to a close president and general manager E J last week mailed out with dividend checks a report covering receipts and disbursements together with other important data in the last issue of the mining review when the loc dividend aggregating was announced I 1 THa manager nager was erroneously quoted as saying that the ore being mined is not quite up to the general average of the mines product it should have read that the ore now being mined is well above the previous general average and that would not more than half reflect general mine conditions of today manager declares that the mine has never been in better physical condition nor has the future looked so bright the statement reproduced herewith is preliminary and will be supplemented by a complete presentation of the company companas comp anys Is affairs following the official audit that statement will go out to shareholders in printed form during the month of february in order to make the preliminary statement approximate the years activities the last two months operations are estimated and the showing will be under rather than over the exhibit made when the complete data is available the financial position of the company is a most healthy one as disclosed by the figures liquid assets today including the tax reserve of and after checking out the dividend on the totals the entire statement as submitted is as follows statement of receipts and disbursements receipts cash on hand dec 31 1921 57 notes receivable dec 31 1921 G 6 war savings stamps gross operating incon income le sm smelling smelting eiting elting ore to nov 30 1922 1 i 3 estimates for dec 1922 t 0 24 mill products to ocl oci 31 1922 22 estimate nov and pec dec 1922 non operating income total disbursements J accounts and notes payable for 1921 cl Gs mining 1 of nf arp arm 6 ore 09 9 milling of ore 06 freight on ore treatment mill products charges on ore and freight and express mill product rl cafin sampling and umpires miscellaneous i building and machinery repairs ro oan capital expenditures administrative expense office hf E expense expense legal sn salaries of officers and clerks clerics taxes paid dividend 58 00 no 18 JJ dividend 00 no 19 dividend dec no 20 total dividends 65 SS S S deferred charges charge i cash reserve for taxes assets asseem demand notes receivable 64 76 ore and mill products in transit 22 U S government donds bonds war 00 savings stamps cash on hand t total deferred charles 1444 75 upraises Up raises and drifting years ore production shipments for the year consisted of approximately dry tons its average assay per ton and classification follows gozs gozs 00 11 gold alver lead copper dry tons to ns silver lead ore I 1 average assay 2245 dry tons Sili clous silver average assay dry tons milling ore average assay 1658 A complete independent audit is being made now for 1 1922 and will be mailed out to all stockholders in february 1923 |
