Show THE MERCURS MERCUR 5 ANNUAL at the annual mee meeting of the stockholders of the mercur mining company held in this city on tuesday feb 1 the following board was elected to serve for the ensuing year john dern president john heimrich vice president E H airis secretary george H H dern bern treasurer and manager and charles barles J devereaux the meeting was well attended and the shareholders present were well pleased with the showing made in the reports of president dern and supt bupt edwards and these were voluminous and comprehensive giving in detail facts and figures illustrative of every branch of operation at the mine and mill president dern in his report stated that the receipts from the mine ani and mill for the year ending jan 1 1900 had amounted to the operating expenses for the period named being leaving a net earning of 17 after paying operating expenses including expended in building additions to the company companas comp anys Is manning mill a surplus of was available in the treasury and this after paying out in dividends during the current year thus showing that the association is in good financial condition during the year bear the company averaged an output of tons daily at a cost of a ton as compared with per ton for 1898 and it is anticipated that the extraction will he more than doubled during the present year the cost of production according to the report was per ton an follows mining milling 68 cents freight royalty and miscellaneous expenses 54 cents among other improvements made during the year may be included the enlargement of the mill by the addition of a new leaching room feet containing eight new tanks thirty five feet in diameter and five feet deep as well as the necessary solution and water tanks together with the installation of machinery to give a crushing capacity commensurate with the added leaching capacity which will be tons against about tons before the improvements were made while at the mine a large nordberg duplex air compressor capable of supplying power sufficient to run twelve drills has also been installed and six double hand and three single hand drills are now in operation A large ore bin has been built on the south side of the mine where the principal development work has been in progress during the year and which will supply at least one half of the output hereafter the statement was also made at the meeting that the extensive development of new oxidized ore bodies had done away with the necessity of putting in a boating plant at least for some time to come and for that reason he had deemed it best to give up the plan of putting one in when writing to advertisers please menion THE REVIEW |