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Salt Lake Tribune | 1913-08-31 | Page 28 | Full Report from the Nevada Hills

Type issue
Date 1913-08-31
Paper Salt Lake Tribune
Language eng
City Salt Lake City
County Salt Lake
Rights No Copyright - United States (NoC-US)
Publisher Digitized by J. Willard Marriott Library, University of Utah
ARK ark:/87278/s6184ht2
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6184ht2

Page Metadata

Article Title Full Report from the Nevada Hills
Type article
Date 1913-08-31
Paper Salt Lake Tribune
Language eng
City Salt Lake City
County Salt Lake
Page 28
OCR Text POLL REPORT FROM HEM HILLS July Results Fall Below Those of June by a Substantial Sub-stantial Sum. . The net earnings of tho Nevada Hills company during July, as 3hown by tho brleC excerpts from the report In Saturday's Satur-day's Tribune, of $23,394.37, compares with June somewhat disappointingly, the June profits being $28,lSd,77. Tho company, com-pany, however, has succeeded in bringing Its profits from out of deficits, tho March operations showing a net loss of $1314.07. There has been a desire expressed that the complete July report be reproduced, and this follows in full: Amount. Per ton. 3678 tons mlllM ?57.m.63 S15.G3 Loss la taillnBg 4.M4.7G 1.31 Production 62.m.87 U.IS Net costs for month 23,031.50 7.01 Net protlt for month t23.39l.57 $ 6.37 Mill Results. P.C. Recovery by concentration 2C.3 nccoverr hy cyanldatlon 65.1 ToUl recovery -91.4 335 foct of dovolopmonl work porfonnod Murine the month. Summary, of Costs. Per ton. Mining $3.52 Milling 2.07 Marketing 71 Bullion tax 03 Property tax 01 Interest ., , 03 General exponas 68 Total operating cxpenso ' $8.01 Lew miscellaneous otrnlnca 10 Not cost per ton .-.$7.91 Amount. Per ton. Net profltn as above $23,304.37 f 6.37 Depreciation, buildings and equipment 20,000.00 5.44 Not profit for tbo month $ 3,334.37 J .03 Expenses. Mining-Amount. Mining-Amount. Per ton. Development ....$ 2,954.02 -SO Stoplng 0,977. OS 2.72 Total ,J12.531.J0 $ 3.52 MIIllng-Labor MIIllng-Labor and essays $ 4,624 or. J 1.2G Supplies and power 6,204.37 1.71 Total .310.313.32 J 2.07 Marketing ' Concentrates $ 2,005.13 $ .53 Cyanide bullion 711.62 .10 Totals $2,713.75 J .74 General Expenses. , , , Amount. Per ton. Administration $ 1,17s. 10 J .32 Falrvlew office 701.36 .10 Reno office 225.00 .06 Legal expense 30.00 .01 Insurance, bulldlnsa 129.14 03 Maintenance and repairs 103.34 .03 Roads and telephones 71.64 .02 Proporty lax 150. (V) .04 Bullion tax 93.16 .03 Corporation expense 15.30 .01 Hospital 3U.S3 .01 Interest 130.37 .03 Totals $ 2.SCS.64 J .7S Total cor.Ls for the month 129,435.81 $ S.01 Less mltccllaneous earnings .... 341.31 .10 Net costs for month $29,091.60 $ 7.51 This month. T'tl to date. Construction a.nd equipment $ 17.S0 $621,295 05 Depreciation 20,000.00 303,000 00 Balance $213,295 05 Financial Statement. Close of buuluecs July SI, 1913: Resources-Accounts Resources-Accounts receivable ........J S72.16 Cash on hand and In banks 27,630.03 Supplies In. storehouse 50,755.14 Concentrates In trannlt 9,466.50 Absorption (Val, ljeld la mill solution).. 23,009.73 Total ., $111,733.01 Liabilities, none Net Resources , $111,733.61
Reference URL https://newspapers.lib.utah.edu/ark:/87278/s6184ht2/14338393