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Show ilF YEAR'S PROFITS j OF III SI ,298,225 ! During Six Months Company Com-pany Produced 18,453,-543 18,453,-543 Pounds of Copper. Miami Copper company estimated net profits for half year ended June 30 amounted to $1,296,255, from which a dividend div-idend of 373,55'i was paid, leaving surplus sur-plus fur the period of $922,669. Intimated profit and loss figures of Miami Copper company for the half year ended June 30 follow: Gross income J2.841.1SS Cost of plant operations 1,079,141 Smelting, refining 421,554 Administration, legal expense, interest in-terest 44,267 Balance being" estimated profits for the six months ended June 80, 1915 1,296.225 Less dividend No. 1 1 373,55$ Surplus for half year 922,66s President Lewtsohn says that the gross production of copper contained in concentrates concen-trates amounted to IS. 453,543 pounds, as follows : January. 1,912,493 pounds; February, 2.536.543 pounds; March. 3.092,005 pounds; April. 3,147.396 pounds; May, 3, Sly, 339 pounds; June, 3, 94.', 796 pounds. Smelter deduction of 6 per cent gives the net production of merchantable copper cop-per as 1 7,530, S65 pounds. The average assay of ore treated was 1.1S16 per cent copper; extraction was 6S.T.6 per cent. Saving of copper in concentrate was 31.30 pounds, or In final merchantable copper, after smelter losses, 29.74 pounds per ton of ore treated. The grade of the concentrate con-centrate produced was 40.63 per cent copper. cop-per. Modifications of the concentrator have been carried on. mill bins enlarged, slime' elevators Installed, and six large settling tanks built at the lower end of the concentrator. con-centrator. Larger regrinding mills have been installed in three of the six sections sec-tions and the other three will probably be In at the end of the next quarter. The finer grinding of the ore, together with improved metallurgical treatment, has increased the extraction, so that for the month of June it reached 73.98 per cent, with only three sections entirely remodeled, re-modeled, as against 6S.16 per cent for the whole half year. In section No. 1, one of the remodeled sections, the extraction ex-traction for the month of June was 77.43 per cent. Average cost of copper after deducting miscellaneous income Is 8.6889 cents per pound. The cost of the. last few months has been considerably under this average aver-age for the month of June, being only 8.32 cents per pound. There was driven 8295 feet of drifts and raises for development and extraction extrac-tion purposes. There was mined during dur-ing the period 503,046 tons of ore, and t lie re was treated In the concert trator 5S9.513 tons, which produced 22,708 tons of concentrate, having a copper content of 40.63 per cent. |