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Show GGOD YEAR ENDED j Bf TONOPAH EX. Close to Quarter of Million Excess Received Over That Paid Out. j I GRADE OF ORE BETTER Three Years Tonnage Available Avail-able in the Property at Present Time. General Manager John G. Klrchen of lho Tonopah lSxtcnslon company has submitted his annual report to shareholders, share-holders, copies of which havo Just been received by local stockholders. The details de-tails of operations arc fully set forth In the report, and the following excerpt will be of interest: There was mined during the year R4.filS.lt tons of ore. nil of which was treated at. your mill. The total silver sil-ver and gold contents of this ore was fin7,07..02 ounces of silver and !,-t !,-t 7rS.oS" ounces of gold, or an average aver-age of n.nni ounces of silver and 0. 17P ounces of gold per ton. showing show-ing an Increase of 0.SU7 ounces In. silver and 0.0(C ounces In gold per ton over last year. Operating Details. The average -price received for silver sil-ver wnn $0.G1-1IS per ounce and 520. 67 IS per ounce was received for the gold, making tho average value of the ore mined and milled $14,169 per ton. Receipts from sale of bullion: Sf'rt.TKI.H ounces silver t SO.r.IMS ;;t7.l"5.M Plf'.t'PJ ounces sol't nt $:o.;n jso.joo.sj 1. cjji xpr nd roflnliu; S7:t.5T3.12 CoH of inlnlns. Inclmllnc all Icvrlopinenl work JIPl.CIT.'S Cost of mlllln? 17y.71P.S3 170,557.60 Excess of receipts from bullion bul-lion over illpbursomciilR of th Nevada offlco for the year, without, allowance allow-ance for construction anrt ilcprcclnllon j;S3,335. 13 Add Miscellaneous Income Hen tuCt round JH1.00 Kent Compiuy houses .... 4S3.3u 650.35 5:5.C5S.7S D(luct Depreciation reserre 17. "12.02 Bftltnc Excess 5237. 123. 7 Orosi T.lue of ore milled por loa s:i.l5D Detailed Costs. Tho cost por Ion for mlnlrip and mlllln,- and inarkotinR tho bullion produced won as follows: Mining cosl. lncliulliit; nil development devel-opment woifc ...J5.S31 MIIIIdk costs 3.29H Mutnl loitcn In mlllluc Marketing bullion Refining, .173; express, ex-press, .050 0.233 Totnl co?t per ton 3.S1S Profit per ;oa 51.651 Mine The following development work was don?: Kcot. Drlftlns Ttnb.es : Croy-JCUU . .... 3,73? Shaft slnklnc &0 11.172 In regard to ore reserves. Manager Kirchcn says: Ore reserves In my last yearly report re-port I stated reasons for not being able to make an accurate estimate of your ore reserves. Conditions have not changed since then, so an estimate esti-mate of oro reserves will hae to be based on present; ore exposures and tho past record of production. Taking Tak-ing these two factors Into consideration, consider-ation, think It Is safe to assume thai 150,000 tons of ore will be produced from the territory designated as "Area under development" as shown on m.-Vp appended. , |