Salt Lake Telegram | 1912-03-11 | Page 8 | Bingham Mines Co. Issues Its Annual Report for 1911

I MIS INES CO ISSUES ISSUS ITS tS ANNUAL NIIA REPORT fOR 1911 Th The Mines comI company Issues Its Annual report for ended December 31 U. U 1911 ll It lort net net revenue from operations After prospecting and development lI co cost tl Interest t on loans Joans and general en r l 1 there was waR a A. n net t operating balance for tho tue year of 1109 10 S On lay Maj Je I 1 hu bonds were ere can can- Celled reducing the tho out outstanding bonds from rota 5 O li to 53 f 00 In 1912 there thero will In 7 rJ 3 available from front earning and at least from rem other sources that S ill III bo ho u used ll to purchase bonds Tim Tho balance of c cant J rh and nd c l loans on D December 1 1 1 1911 1111 amount to O and notes receivable 1010 The rite output of the tho Dalton DaHon and ond Lark Laik I mine for the as 5 tons for which th the company compan received 2 aft after M- M deductions de for smelting freight eC etc This rids compares with an output for lor the tho previous lous year CIU of 1 3 tons for which the hue company received ed The Tin Commercial mine at mn was n not In operation during the lie first three Chree months or of f Jail 1911 pending completion of or orthe the new tunnel Thin output for tor the lie last It nine WH 22 tons lOris for fOI which the company l cd t. t art after l' l de deductions deductions deductions de- de for tOI smelting freight etc ele Metal nt of orn oro shipped chirped from Dalton Dai Dai- ton and Lark and Commercial 11 I mines Gold ounces ounce I I Silver 5 06 Lend pounds pound Copper pounds to Income account compares as aM follows follow lou 1311 I 1910 HO Net from ore shipments O Other III r Income f SS S 9 Tola rota I 4 r-ct r from front op operations 6 0 Net et surplus balance lalance l iII Eagle and Blue Bell The Tue Eagle and Blue Ulue Bell report Is Js made merle madea merlea a a. part pan of or th the annual r report port of or th the lUngham lUng lUng- ham lam Mines s The Tho Eagle Ragle and Blue BlueBell BlueBell BlueBell Bell mine produced n dr dry tons of ore gross value bringing smelter returns re- re e- e turns of ot after d deducting Crl freight ht and end treatment chanres charges and yielding 1995 ounces gold oM ounces silver sll pounds lead 97 i pounds copper General Manager 1 Pett Pelt M Without doubt the strike on th the 12 tS S Sand and foot 1300 levels ej la is the mo most moat l Important Import ort ant alit discovery ever evor made III In the Eagle and Blur Blue Bell RIll min mm mine Never cr In the history Q of th the prop property properly rt has there b been c n a R showing to equal It Il In point of ot tonnage As All It Is Isnow isnow no now necee r hO however tr t to tl hol hoist t the product product pro pro- duct thre e different times Ume b before fore reaching tho the out outside ore bins bin It hll lisa hsu been decided decide to o sink th No n. n I 1 or Ill main maJ operating shaft hatt shafto to o the till foot ISSO-foot l level cut a a. station at that I level el and drift ou out to th the ore orp Work on 01 th the shaft Is I already under way rh This will enable us to handle this the product much more nore economically a a well as al' as' as to explore h country and develop the ore at greater I depth h. h Net earnings q from op operations were wele 21 t