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Show JUMBO EXTENSION'S ANNUAL REPQRT OUT Enclosed with the checks for the last dividend of 7i cents per share, stockholders stock-holders of the Jumbo Extension Mining company have heen mailed copies of the annual report of the company for the year ended June 30. Figures contained in the report show that Lhe production, of the mine during the year amounted fo IS, 813 wet tons of ore, of which 5839 tons were milled at the plant of the Goldfield Consolidated Consoli-dated Milling and Transportation company, com-pany, 11,477 tons were shipped to the smelters and 1407 tons of mill grade ore averaging 58.67 per ton were placed on the mill dump for future treatment. The ore shipped had a gross value of $6fiP.560.02. Tailings and smelter losses amounted to $51,161.01, leaving a net value of $618,4119.01. Operating costs, including in-cluding construction, freight and treatment treat-ment charges on shipping ore totaled $311,574.58, leaving a net realization of $339,373.22. The report Includes individual reports by President Charles S. Sprague. general superintendent J. K. Turner and Secretary Secre-tary Ben GUI- President Sprague states in his report that the directors at their last meeting decided upon the policy of maintaining a surplus of $200,000 in the treasury and to distribute the excess In dividends in quarterly periods in such amounts as the condition of the treasury treas-ury shall warrant. He adds that quarterly quarter-ly dividends of at least per cent and probably more can be depended upon for some time to come. The report of President Pres-ident Sprague. in part, follows: At the beginning of the year the Company Com-pany had cash in bank amounting to $29,099.85. At the close of the year after paying operating expenses the cash balance bal-ance "amounted to $120,533.13, with ore In transit and unsettled for on June 30 of a net value of S69.042.01, or a total of $186,575.14, while ore reserves substantially substan-tially above $2,000,000 were added to the assets of the company. |