Salt Lake Telegram | 1914-04-18 | Page 6 | Twelve Years' Ore in Sight at the Nevada Con.

YEARS YEARS' ORE OREIN IN SIGHT t THE Nevada Consolidated report for 1913 2913 makes It apparent that the extremely low operating costs mado In the earlier years of productivity are arc gone for good Two causes may tuny be lie ascribed higher wages slId and lower grade ore Last year the wage account absorbed 29 ce t. ce it per per- pound of c copper room morn than in 1912 The Tho grade of ore treated In 1910 1970 was per cent copper copper cop cop- per as against 1597 in 1913 Tho difference difference differ differ- ence between one forty pounds of copper and thirty pounds per ton makes a big dent in costs per pound no matter what tile the Increase In efficiency may have been bean says the News Bureau The 1913 cost of cents per pound showed an more than a a- a cent over previous year and compares with cents the low record for the fl- fl teen months months' period ended December 31 31 1911 Higher costs and lower copper prices produced a crop In net in 1913 or from lo to figured per share from to The dividend last year was earned by a fair margin not margin not counting of course the extra of 50 cents per share or paid from surplus account which was tras return of principal W Wo compare In tabular form tho oper operating offer offer- results for past four fiscal periods 1913 Production pounds Per Percent cent copper In ore 1697 Cost pe per pound Net Per share Fifteen months montha Tear ended September ept 30 On the tho basis of last years year's extraction the tho property has developed ore reserves for sufficient sufficient- to last about twelve years th the average grade being per cent copper copper cop cop- per as compared with per cent for ore already mined The Tho reserves are however slightly higher In copper content than that mined In 1913 1912 which Indicates that the maximum of costs has probably been reached at reached at least for the time being