Show Nevada Hills Earned Small Profits in iny i lJ December y f S. S I Th The Tho final report of ot operations and warnings 1 pt r the Nevada Neada HI Hills Mining company com corn I I pan pany for tor the month of ot December has hag An Just Juet been ben issued from froni the tho Reno Rno offices of or I the tha company and shows that the th earnings were ivere re I less Jess s than for the Ing month moth owing to the ore orf having been of or lowar grade and ad the operating costs coste costea a few tf cents hl higher h r. r The company compan s mill mi m maintained its is normal treatment ca capacity capacity ca ca- ha handling tons for tor th the tho month mont h. h however Is considerably below the hl high h r record 0 for tOr the plant The operating costs are arc still a e the figure re that the te man management believes can bo be r reached ached and this this' fact facts coupled couple with wih the ha unexpectedly refractory character of at some come of the ore ore orf has han haf tended d to k keep p up the costs and to reduce tho the net profits rote The fact that the property In taR I situated many mi miles from a R railroad railroad rail rail- road contributes to the high operating c cost t. t hut tait ot the company In is gradually adopting adopting adopt adopt- ing measures to do aWA away with all al unnecessary ce r expense and It i Is hoped that the costs ma may be materially cut down In iii future ftp The report for tor December follows h Ia fUll ful PRODUCTION AND IN DECE DECEMBER AD PROFS 1 Amount Per ton tons milled i V 1021 Loss Lose lS in tailing d I fl Production 1 I Hf Net costs month 74 Net profit for month 4 MILL R RESULTS Recovery b by concentration 11 per cent Recovery Reco el ReCOver b by cn 61 7 per er r cent Total recovery 2 Per cent feet fees of teK development V. V I i w work k p med i r d during r g th the tho m month th SUMMARY OF COSTS Mining 3 32 Milling s. s Marketing v 65 65 0 Bullion tn tax eee see below Property tax tax blow j 06 General Generl expense v 62 6 62 W Total Tot op operating expense Plus miscellaneous laneous expense M V 19 O 5 I Less tot total l monthly estimate for tor year of ot bullion tax to b be paid 14 H Amount actually paid pad yea bulon 11 03 Net COt cost per r ton 7 44 Net Nel profit as sh above Depreciation ls buildings and equipment Balance for tor the month 10 EXPENSES i Mining Amount r Per Ier r ton Total Per ton Development f 1 Sloping S. S Milling I II I Labor fabor hor and assays ass 01 Supplies and power xv A. A it Marketing I r Concentrates 41 Cra Cyanide bullion 13 2999 25 5 55 65 G GENERAL ERAL EXPENSES Administration x EXES 67 4 t Fairview office i j Reno office 2200 5 J f Examinations and te tests ts 2000 2000 00 t 1 Lc Legal al expense I u Insurance buildings 5 OU V l' l Insurance c. c liability 0 6 o t t. t Maintenance and repairs S. S v. v Roads Rods and telephones 60 01 Property tax lx I Bullion tax t Corporation expense 2 1 O 1063 and tr transfer n fer 2457 68 8 Total al expense operating Add miscellaneous ce ex expense nse I 7 19 J Jr t t h. h r i. S. S r t 77 Less monthly overestimates of ot bullion tax due due and heretofore deducted from Crom monthly earnings bulon tx 03 i fc Net cots costs for month This month To date data Construction and equipment I Depreciation I Balance 1 FINANCIAL STATEMENT Co Close e of Business December 31 1913 Resources Accounts receivable Cash on hand and In banks bank bank Supplies In storehouse Concentrates In transit Values held in mill mm solutions n Total 1 No o liabilities |